Financial Performance Review

CAPEX, FCF and Cash Position In billion RMB Operating CAPEX Non-operating CAPEX Total CAPEX 2Q2023 2Q2022 YOY 1Q2023 QoQ 3.0 2.1 +43% 1.0 +191% 1.0 0.9 +6% 3.4 -70% 4.0 3.0 +31% 4.4 -10% Operating Cash Flow 40.7 35.7 +14% 62.3 -35% Less: CAPEX Paid (3.0) (5.6) -47% (4.6) -36% Payments for media content (6.3) (5.8) +7% (4.4) +41% Payments for lease liabilities (1.5) (1.8) -20% (1.5) +0.2% Free Cash Flow 29.9 22.5 +34% 51.8 -42% Total Cash 371.8 315.9 +18% 370.5 +0.3% Less: Total Debt Net Cash/(Debt) (354.1) 17.7 (336.3) +5% (339.0) +4% (20.4) N/A 31.5 -44% Repurchased ~36 million shares with an aggregated cost of RMB11 billion during 2Q23 • Paid cash dividend of RMB21 billion during 2Q23 • As at 30 Jun 2023, the fair value of our shareholdings' in listed investee companies (excluding subsidiaries) was ~RMB435 billion (USD60 billion) and the carrying value of our unlisted investee companies was ~RMB347 billion (USD48 billion) 1. Including those held via special purpose vehicles, on an attributable basis. 21

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