Thank you for your support and attention to CDB Leasing! The past year was an important year in the history of the Communist Party of China and the PRC, and also a year of forging ahead with concerted efforts for the Company. In 2022, the Company maintained its strategic focus and confidence in development, overcame risks and challenges, tackled difficulties and worked hard. As a result, the Company made steady progress in operation quality and efficiency while maintaining stability, and continued to lead the industry in major business indicators.

This year, we implemented the new development concept and embarked on a new journey of high-quality development. Faced with the severe and complex international situation and the onerous task of domestic reform, as at the end of 2022, the Company’s total assets reached RMB354.717 billion, net profit amounted to RMB3.351 billion, ROA and ROE were 0.96% and 10.41%, respectively, and non-performing asset ratio was 0.63%. These indicators reflected the overall balance of the Company’s quality, efficiency and scale, and also demonstrated the phased achievements of the Company’s high-quality development.

This year, we served the real economy and promoted the business innovation and transformation. In face of the continuously optimized and improved regulatory policies, the Company maintained the pace of development under the pressure of economic downturn, proactively served the national strategic layout, continued to focus on key regions and key areas, intensified the exploration of business transformation and innovation centering on returning to the original source of leasing, and made greater achievements in the areas of quality industry and vehicle leasing, and continuously improved the effectiveness of serving the real economy.

This year, we enhanced management standards and optimized our internal mechanisms and management quality and efficiency. In the face of the improved requirements for management by the new situation and business, the Company carried out a series of work to “consolidate foundation, remove loopholes, shore up shortfalls and strengthen weakness” by adopting a problem-oriented approach, focusing on addressing both the symptoms and the root causes and upholding a systematic mindset. By optimizing the construction of systems of comprehensive risk management, asset and liability management and digital management, revising and improving systems, and establishing authorization programmes, the Company took a number of measures to optimize its working mechanism and strengthen its corporate culture.

Looking back to 2022, our efforts were widely recognized by society. The Company was awarded the “2022 (Fifth) China Financial Leasing Soaring Award” by the Global Leasing Industry Competitiveness Forum, the “Financial Inclusion Model Award of the Year” by Shenzhen Special Zone Daily, and the “Excellent Case for Green and Sustainable Finance in Shenzhen” by Shenzhen Green Finance Association. These achievements could not be achieved without the longterm trust and support of shareholders and all sectors of society, the effective supervision of the Board of Supervisors, and the dedication and contribution of the management and all employees. On behalf of the Board of Directors, I would like to express my heartfelt gratitude to them.

This will not be an easy task, but where there is a will, there is a way. Looking ahead to 2023, faced with opportunities and challenges, we will continue to forge ahead with brave and seek progress while maintaining stability. The Company will unswervably implement the new development concept and adhere to the strategic positioning of “professionalism, marketization, internationalization and digitalization”, and with the development goal of “building a world-class financial leasing company”, we will continue to create outstanding value for our shareholders, customers, employees and the society through concerted efforts, strengths and wisdom to further promote the Company’s comprehensive and high-quality development!