Tencent Holdings Limited Incorporated in the Cayman Islands with limited liability (Stock Code 1: 700) 2021 Interim Report

CONTENTS CONTENTS CONTENTS 2 Corporate Information 2 Corporate Information 3 Financial Performance Highlights 3 Financial Performance Highlights 5 Chairman's Statement 5 Chairman’s Statement 9 Management Discussion and Analysis 9 Management Discussion and Analysis 23 Report on Review of Interim Financial Information Report on Review of Interim Financial Information 24 Consolidated Income Statement 25 Consolidated Statement of Comprehensive Income 26 Consolidated Statement of Financial Position 29 Consolidated Statement of Changes in Equity 29 Consolidated Statement of Changes in Equity 33 Consolidated Statement of Cash Flows 33 Consolidated Statement of Cash Flows 35 Notes to the Interim Financial Information 35 Notes to the Interim Financial Information 83 Other Information 83 Other Information 104 Definition 104 Definition

Corporate Information DIRECTORS INVESTMENT COMMITTEE TENCENT GROUP HEAD OFFICE Executive Directors Lau Chi Ping Martin (Chairman) Tencent Binhai Towers Ma Huateng (Chairman) Ma Huateng No. 33 Haitian 2nd Road Lau Chi Ping Martin Charles St Leger Searle Nanshan District Shenzhen, 518054 Non-Executive Directors NOMINATION COMMITTEE The PRC Jacobus Petrus (Koos) Bekker Ma Huateng (Chairman) PRINCIPAL PLACE OF BUSINESS Charles St Leger Searle Li Dong Sheng IN HONG KONG Ian Charles Stone 29/F., Three Pacific Place Independent Non-Executive Directors Yang Siu Shun No. 1 Queen’s Road East Li Dong Sheng Ian Charles Stone Yang Siu Shun Ke Yang Iain Ferguson Bruce (retired with effect from 20 May 2021) AUDIT COMMITTEE (appointed with effect from Wanchai 20 May 2021) Hong Kong Charles St Leger Searle CAYMAN ISLANDS PRINCIPAL Iain Ferguson Bruce SHARE REGISTRAR AND (retired with effect from TRANSFER OFFICE 20 May 2021) REMUNERATION COMMITTEE Suntera (Cayman) Limited Suite 3204, Unit 2A Ian Charles Stone (Chairman) Block 3, Building D Yang Siu Shun (Chairman) Ian Charles Stone Charles St Leger Searle Iain Ferguson Bruce (retired with effect from 20 May 2021) Li Dong Sheng P.O. Box 1586 Jacobus Petrus (Koos) Bekker Gardenia Court Camana Bay AUDITOR Grand Cayman, KY1-1100 Cayman Islands PricewaterhouseCoopers HONG KONG BRANCH SHARE Certified Public Accountants REGISTRAR AND TRANSFER CORPORATE GOVERNANCE PRINCIPAL BANKERS OFFICE COMMITTEE Bank of China Limited Computershare Hong Kong Investor

us (Koos) Bekker Gardenia Court Camana Bay AUDITOR Grand Cayman, KY1-1100 Cayman Islands PricewaterhouseCoopers HONG KONG BRANCH SHARE Certified Public Accountants REGISTRAR AND TRANSFER CORPORATE GOVERNANCE PRINCIPAL BANKERS OFFICE COMMITTEE Bank of China Limited Computershare Hong Kong Investor Charles St Leger Searle (Chairman) The Hongkong and Shanghai Banking Services Limited Shops 1712-1716, 17th Floor Ian Charles Stone Corporation Limited Hopewell Centre Yang Siu Shun 183 Queen’s Road East Ke Yang REGISTERED OFFICE Wan Chai, Hong Kong Iain Ferguson Bruce Cricket Square COMPANY WEBSITE (retired with effect from Hutchins Drive, P.O. Box 2681 20 May 2021) Grand Cayman KY1-1111 www.tencent.com Cayman Islands STOCK CODE

SECOND QUARTER OF 2021 Unaudited Three months ended Year- Quarter- 30 June 30 June on-year 31 March on-quarter 2021 2020 change 2021 change (RMB in millions, unless specified) Revenues 138,259 114,883 20% 135,303 2% Gross profit 62,745 53,210 18% 62,635 stable Operating profit 52,487 39,311 34% 56,273 -7% Profit for the period 43,022 32,454 33% 49,008 -12% Profit attributable to equity holders of the Company 42,587 33,107 29% 47,767 -11% Non-IFRS profit attributable to equity holders of the Company 34,039 30,153 13% 33,118 3% EPS (RMB per share) – basic 4.472 3.491 28% 5.020 -11% – diluted 4.387 3.437 28% 4.917 -11% Non-IFRS EPS (RMB per share) – basic 3.574 3.180 12% 3.481 3% – diluted 3.504 3.130 12% 3.415 3% INTERIM REPORT 2021 3

Financial Performance Highlights FIRST HALF OF 2021 Unaudited Six months ended Year- 30 June 30 June on-year 2021 2020 change (RMB in millions, unless specified) Revenues 273,562 222,948 23% Gross profit 125,380 106,004 18% Operating profit 108,760 76,571 42% Profit for the period 92,030 61,857 49% Profit attributable to equity holders of the Company 90,354 62,003 46% Non-IFRS profit attributable to equity holders of the Company 67,157 57,232 17% EPS (RMB per share) – basic 9.492 6.541 45% – diluted 9.299 6.440 44% Non-IFRS EPS (RMB per share) – basic 7.055 6.038 17% – diluted 6.916 5.945 16%