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Hong Kong, May 17, 2023 – 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 first quarter (“1Q2023”) ended Mar 31, 2023. 1Q2023 Key Highlights Revenues: +11% YoY, non-IFRS1 profit attributable to equity holders of the Company: +27% YoY ▪ Total revenues were RMB150 billion (USD21.8 billion2 ), an increase of 11% over the first quarter of 2022 (“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 RMB48.4 billion (USD7 billion), an increase of 32% YoY. Operating margin increased to 32% from 27% last year. - Profit for the period was RMB33.4 billion (USD4.9 billion), an increase of 27% YoY. Net margin increased to 22% from 19% last year. - Profit attributable to equity holders of the Company for the quarter was RMB32.5 billion (USD4.7 billion), an increase of 27% YoY. - Basic earnings per share were RMB3.431. Diluted earnings per share were RMB3.353. ▪ On an IFRS basis: - Operating profit was RMB40.4 billion (USD5.9 billion), an increase of 9% YoY. Operating margin was stable at 27%. - Profit for the period was RMB26.4 billion (USD3.8 billion), an increase of 11% YoY. Net margin was stable at 18%. - Profit attributable to equity holders of the Company for the quarter was RMB25.8 billion (USD3.8 billion), an increase of 10% YoY. - Basic earnings per share were RMB2.725. Diluted earnings per share were RMB2.639. ▪ Total cash were RMB370.5 billion (USD53.9 billion) at the end of the period. Mr. Ma Huateng, Chairman and CEO of Tencent, said, “During the first quarter of 2023, we achieved solid revenue growth as our payment volumes benefitted from, and facilitated, domestic consumption recovery, our games revenue improved, and our advertising revenue sustained rapid growth. Our non-IFRS net profit increased at a faster pace, reflecting a positive revenue mix shift, operational efficiencies, and an easy base period. We are investing in our AI capabilities and cloud infrastructure to embrace the opportunities brought by foundation models, and expect AI to be a growth multiplier that enables us to better serve our users, customers, and society at large.”