|Citi Investment Research||Eric Lau|
|Daiwa Capital Markets||John Choi|
The list above includes names of financial analysts who, on the knowledge of VTech Holdings Limited, are following our company and publishing opinions, estimates or forecasts on the performance of VTech Holdings Limited. Our company cannot guarantee the exhaustivity of this list, which is subject to modifications. Please note that any opinions, estimates or forecasts regarding VTech Holdings Limited's performance made by these financial analysts are theirs alone and do not represent opinions, estimates or forecasts of VTech Holdings Limited or its management. VTech Holdings Limited does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. VTech Holdings Limited expressly disclaim any liability whatsoever for any loss however arising from or in reliance upon the whole or any part of the opinions, estimates or forecasts.