On October 28, 2022, China Construction Bank Corporation (Stock code: SH: 601939; HK: 00939) ("CCB") reported operating results for the third quarter of 2022 (The following data for the Group were prepared in line with International Financial Report Standard and denominated in RMB). In the first three quarters, CCB conscientiously carried out the decision-making and deployment of the CPC Central Committee and the State Council, actively and reliably responded to the changes in domestic and international situations, insisted on the fulfillment of new development concepts through new finance actions, coordinated the relationship between development and safety, continuously strengthened the ability to serve the substantive economy and prevent and alleviate risks and strongly supported pandemic prevention and control and the quality development of social economy.

Its asset scale increased rapidly and its earning growth remained stable. As of September 30, 2022, CCB's total assets reached RMB 34.30 trillion, up by RMB4.05 trillion or 13.37% over the year-end value last year; total liabilities reached RMB31.49 trillion, up by RMB3.85 trillion or 13.92% over the year-end value last year. CCB had distributed total loans and advances of RMB20.92 trillion, up by RMB2.12 trillion or 11.25% over that at the end of 2021. It took RMB24.79 trillion of deposits, up by RMB2.41 trillion or 10.78 % over that at the end of 2021. In the first three quarters, CCB achieved a net profit of RMB246.724 billion, including RMB 247.282 billion in net profit attributable to shareholders, up by 5.81% and 6.52% YOY respectively. The annualised return on average assets stood at 1.02%; the annualised weighted average ROE was 12.77%. It realised net interest income of RMB482.707 billion, up by 7.71% YOY. It had a net interest spread of 1.86% and a net interest margin of 2.05%. It had a capital adequacy ratio of 18.67%, a Tier 1 capital adequacy ratio of 14.60% and a core Tier 1 capital adequacy ratio of 13.86% according to the Regulations on Administration of Commercial Banks (Trial).

Fully served the substantive economy and stably promoted the strategic businesses. CCB further optimized its resource allocation structure, focused on the key sectors and weaknesses of the national economy and the credit expansion was further made. As of the end of September, the balance of loans for the manufacturing sector amounted to RMB2.2 trillion, up by RMB540 billion or 32% over the closing balance last year, to serve economic restructuring and quality development of the manufacturing sector; the balance of loans for the infrastructure sector amounted to RMB5.66 trillion, up by nearly RMB580 billion over the closing balance last year, to support the construction of national infrastructure and livelihood projects; to promote comprehensive financial services for innovative sci-tech companies, in the first three quarters, CCB had offered loans of over RMB1.7 trillion to over 62,000 sci-tech companies; to advance rural revitalization across the board, and realized the balance of agricultural loans of RMB2.9 trillion, up by RMB453.5 billion from the end of last year. CCB strongly support the residents' demands for basic and higher-quality housing conditions, and the balance of loans for personal housing demands amounted to RMB6.5 trillion, up by RMB110 billion from the end of last year. The house rental comprehensive service platform covered 96% cities. There were 204 communities for long-term lease called "CCB JIANGONGJIAYUAN" in service; and CCB matched more than 500 indemnificatory houses for leasing projects nationwide. The balance of loans for house lease amounted to RMB209.869 billion at the end of September, up by RMB76.408 billion or 57.25% over the closing balance of last year. CCB invested RMB 30 billion to set up a house lease fund and explore for a new mode of real estate development featuring combination of lease and purchase. Increased credits under the inclusive finance program and extended the coverage of customer services. The loan balance of inclusive finance reached RMB 2.29 trillion, up by RMB 418.504 billion over the year-end balance of the previous year; 2.4319 million clients of inclusive financial loan, up by 495,200 over those at the end of the previous year. CCB continuously optimized "CCB Huidongni" APP, providing one-stop comprehensive services to clients under the inclusive finance program; offered credits to more than 1.86 million clients via the APP, with a credit value of nearly RMB1.5 trillion. CCB deeply implemented the FinTech strategy; strengthened technological innovation and independent controlling ability; facilitated distributive restructuring and the construction of "three platforms" in business, technology and data; made new achievements in the group's IT integration work and significant achievements in service digitalization; released the Digital CCB Development Plan (2022-2025); and completed the design of the group's digitalization path in the next few years. As of the end of September, the balance of green loans amounted to RMB2.60 trillion, up by RMB631.917 billion or 32.19% over the closing balance of last year; the balance of CNY-denominated green bonds increased by more than 75% over the closing balance of last year; the balance of foreign-currency-denominated green bonds increased by more than 20%; in the first three quarters, CCB provided underwriting services for 41 green bonds with an underwriting scale of RMB23.558 billion, up by 64% and 82% respectively YOY.

Strengthened all-around risk management and kept asset quality stable. CCB paid close attention to changes in domestic and international situations; continuously improved three defense lines and the mechanism of concerted risk control between parent company and subsidiary and between domestic and overseas companies; strengthened refined management and kept asset quality stable. As of September 30, 2022, based on five categories of loans, the NPL amounted to RMB293.136 billion, up by RMB27.065 billion over that at the end of 2021. The NPL ratio was 1.40%, down by 0.02 percentage points over that at the end of last year. The provision coverage ratio was 243.95%, up by 3.99 percentage points over the closing balance of last year.

Next, CCB will deeply study General Secretary Xi's important thoughts, ideas, strategies and measures in his report during the 20th National Congress of the CPC. Guided by the spirit of the 20th National Congress of the CPC, CCB will accurately grasp the connotation, characteristics and essential requirements of Chinese modernization, resolutely implement the Party Central Committee’s major decisions and plans, implement the new development concept with new finance actions, demonstrate greater achievements in serving high-quality development and integrating into the new pattern of development, and adhere to the people-centered approach. CCB will consciously make financial work more politically oriented and people-oriented, continuously enhance professionalism, unswervingly follow the path of financial development with Chinese characteristics, and strive to write a new chapter in the reform and development of CCB. CCB will make its due contributions to China's development into a modern socialist power and realization of its goals for the second century and promoting the great revival of China through the Chinese-style modernization.