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Hong Kong, March 24, 2021 – Tencent Holdings Limited (“Tencent” or the “Company”, 00700.HK), a leading provider of Internet value added services in China, today announced the unaudited consolidated results for the fourth quarter of 2020 (“4Q2020”) and the audited consolidated results for the year ended December 31, 2020 (“FY2020”). 4Q2020 Key Highlights Revenues: +26% YoY, non-IFRS1 profit attributable to equity holders of the Company: +30% YoY ▪ Total revenues were RMB133,669 million (USD20,486 million2 ), an increase of 26% over the fourth quarter of 2019 (“YoY”). ▪ On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items: - Operating profit was RMB38,084 million (USD5,837 million), an increase of 26% YoY. Operating margin was broadly stable at 28%. - Profit for the period was RMB34,454 million (USD5,280 million), an increase of 29% YoY. Net margin was broadly stable at 26%. - Profit attributable to equity holders of the Company for the quarter was RMB33,207 million (USD5,089 million), an increase of 30% YoY. - Basic earnings per share were RMB3.494. Diluted earnings per share were RMB3.413. ▪ On an IFRS basis: - Operating profit was RMB63,713 million (USD9,765 million), an increase of 123% YoY. Operating margin increased to 48% from 27% last year. - Profit for the period was RMB59,369 million (USD9,099 million), an increase of 165% YoY. Net margin increased to 44% from 21% last year. - Profit attributable to equity holders of the Company for the quarter was RMB59,302 million (USD9,089 million), an increase of 175% YoY. - Basic earnings per share were RMB6.240. Diluted earnings per share were RMB6.112. ▪ Total cash were RMB259,507 million (USD39,772 million) at the end of the quarter. FY2020 Key Highlights Revenues: +28%, non-IFRS profit attributable to equity holders of the Company: +30%