On March 31, China CITIC Financial Asset Management Co., Ltd. (Stock Code: HK.2799) held its 2025 Annual Results Announcementin Beijing. Net profit attributable to equity holders of the Company reaches RMB11.086 billion in 2025, representing a 17% year-on-year increase after excluding Financial Leasing Company from the consolidated statements.

　　2025 marked a milestoneyear in the development of CITIC Financial AMC. The Company earnestly implemented the decisions and arrangements of theCPC Central Committee and the State Council. Under the strong leadership of the Party Committee of CITIC Group and with the strongsupport of superior departments, shareholders and all sectors of society, the Company built on its accumulated strengths and strived for breakthroughs amid challenges.Its operating performance achieved three consecutive years of growth, successfully delivering on thegoalof “significantly improving quality and efficiency within three years (三年質效顯著提升)” as scheduled. The first two phases of the “One-Three-Five” strategy were completed smoothly. The positive development momentum continued to consolidate and expand, characterized by outstanding “five new leaps forward”.First, achieving a new leap in operating results.In 2025, the Company achieved double-digit growth in both revenue and profit. The total annual revenue reached RMB80.476 billion, representing a year-on-year increase of 43% after excluding one-off influencing factors. The net profit attributable to equity shareholders of the Company stood at RMB11.086 billion, representing a year-on-year growth of 17% after excluding Financial Leasing Companyfrom the consolidated statement. The average ROE was 18.7%, representing an increase of 0.3 percentage point as compared with the previous year. The Company's profitability ranks among the leading levels in the industry, fully demonstrating its cyclical resilience, development strength and value creation capacity. Second, achievinga new leap in asset quality.The balance of distressed assets decreased by 22%, and the distressed asset rate decreased by 0.41 percentage points, both declined for three consecutive years, with accelerated clearance of existing risks. The provision coverage ratio and various capital adequacy indicators of the Company are fully superior to regulatory requirements, and the foundation for sustainable development has been continuously consolidated.Third, achieving a new leap in core business capabilities. The company’s core business investmenthas exceeded RMB100 billion for three consecutive years. In 2025, thenew investments of core business reached RMB178.6 billion, representing a year-on-year increaseof 8%, firmly ranking first in the industry. The scale of acquired distressed assets claims totaled RMB242.1 billion, up 35% year-on-year, maintaining a leading position in the sector. Relief and revitalization businesses saw simultaneous improvements in both scale and quality, with new investmentof RMB92.3 billion, representing a year-on-year increaseof34%. A series of landmark first-of-its-kind and pioneering projects were successfully implemented. Meanwhile, the equity business capitalized on market opportunities by expanding its footprint in key sectors, resulting in a significant increase in investment returns.Fourth, achieving a new leap in brand image.Returning to the public market after a five-year hiatus, the company issued RMB20 billion of ABS, with coupon rates repeatedly hitting record industry lows. The share price increased by 28% over the year, and the company has been listed in succession in core capital market indices such as the Hang Seng Composite Index and the MSCI China Index. Furthermore, its ESG rating was upgraded from BBB to AA, fully reflecting the market’s strong recognition of the company’s value.Fifth, achieving a new leap in team momentum.Adhering to the strategy of strengthening the enterprisewith talents, the company has established a clear results-oriented and accountability-driven personnel selection criteria. Leadership teams at all levels have been optimized and strengthened, and the talent echelon structure has been continuously refined. The proportion of post-80s middle managers continued to rise, with young cadres emerging as the backbone of the company’s development. Consequently, the vitality and capabilityof the workforce have been significantly bolstered.

　　In the four years since joining CITICGroup, the Company has firmly anchored its role in countercyclical adjustment and financial rescue,adhering to the principle of serving the “nation’s needs” with the “company’s capabilities”, andhas delivered an outstanding performance record.First, we have steadfastly implemented the “One-Three-Five” Strategy.The Company got back on track in the first year of joining CITIC, turned profitable in the second year, reclaimed the top industry spot in profit in the third year, and broke the threshold of RMB10billion in the fourth year with revenue reaching RMB335.9 billion, becoming an important growth driver of CITIC Group’s comprehensive financial sector.Second, we have continuously improved development quality and efficiency.We have focused on cultivating the core competitiveness of the main business, accelerated the formation of a set of insights, philosophies and strategies that conform to the laws of the financial asset management company industry, and developed a standardised management system, processes and norms for non-standardised business. Besides, we adhere to fair, just, and open selection of outstanding professional talents, and accelerate the building of a first-class talent team withpassion, resilience, and responsibility. The asset scale ratio of the distressed asset management segment increased from 51.1% at the beginning of 2022 to 88.6% at the end of 2025, making the distressed asset main business more focused.Third, we have fully fulfilled the responsibilities as a major national institution.We always integrate the Company's strategy into the overall national development and optimize the Company's asset allocation around national major strategies and key areas. Since joining CITIC, we have cumulatively invested RMB532.9 billion in our core business with asset quality remains sound. Among them, RMB127.4 billion was invested to serve the “Five Priorities” on finance, channeling financial resources to precisely serve the real economy.The Companyhashelped technology enterprises navigate innovation cycles and provided customized solutions for the green energy sector, supporting the construction of a modern industrial system. By focusingon key risk areasand leveragingour professional capabilities, the Companyhasprecisely defused risks for financial institutions including banks, trust companies and securities firmsand effectively safeguardtheregional financial stability.In addition, the Companycontinued exploring the distinctive CITIC business synergy modelsand leveragedCITIC Group’s strengths in integrating industry and finance, investinga total of RMB71.9 billion in resolving real estate risks. This has enabled the resumption of work and production for projects with a total value exceeding RMB340.0 billion, ensuring the delivery of 81,200 housing units. CITIC Financial AMC has thus contributed to expanding domestic demand, stabilizing the property market and preventing risks.

　　Looking ahead to the “15th Five-Year Plan” period, CITIC Financial AMC will take “implementing national strategies, serving the real economy, and defusing financial risks” as its development task, and resolutely advance the “One-Three-Five” strategy through to the end. Following the strategic steps of “consolidating the benchmark foundation in one year, establishing industry benchmarks in two years, and forging an outstanding brand in five years,” the Company is committed to building six benchmark pillars: Party-building leadership, business performance, core business capabilities, compliance and risk management, reform and innovation, and talent development. Through these efforts, it strives to become a first-class financial asset management company in China, creating better rewarding the country, shareholders and investors, safeguardingnational economic and financial stability, and contributing greater strength to advancing the great cause of national rejuvenation!