On April 28, 2023, China Construction Bank Corporation (Stock code: SH: 601939; HK: 00939) ("CCB") reported operating results for the first quarter of 2023 (The following data for the Group were prepared in line with International Financial Reporting Standards and denominated in RMB).

In the first quarter of 2023, against external headwinds including slowing global economic growth, high inflation and lingering geopolitical conflicts, the Chinese economy has registered stable performance with good momentum for growth, generally stable employment and prices, effect of effective policies to continually stabilize the economy, and consumption and investment are growing steadily. CCB earnestly implemented the decisions and arrangements of the CPC Central Committee and the State Council, adhered to the new development concept, served the new development paradigm, promoted the new financial actions in depth, and fully served the real economy, so that the risk prevention and control was solid and effective, and the operating performance remained stable.

Asset and liability structure further optimized. As of March 31, 2023, the assets of CCB amounted to RMB36.94 trillion, up 6.77%. The total amount of loans and advances reached RMB22.53 trillion, up 6.28%. Total liabilities reached RMB33.98 trillion, up 7.10%. The total amount of deposits was RMB27.48 trillion, up 9.82%. Net profit reached RMB89.147 billion, up 2.03%, respectively. The annualised return on average assets stood at 1.00%; the annualised weighted average ROE was 12.86%. It realised net interest income of RMB153.082 billion. The net interest yield was 1.83%, and the net interest margin was 1.64%, the net income from handling charges and commissions was RMB43.017 billion, up 2.62% YOY.

Supported the growth in the real economy firming up. The manufacturing loan balance was RMB2.61 trillion, representing a 16.12% growth rate. The balance of loans for strategic emerging industries was RMB1.83 trillion, representing a 24.5% growth rate. The balance of infrastructure loans was RMB6.32trillion, representing a 10.80% growth rate. Loans from key regions such as Beijing, Tianjin, Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and Chengdu and Chongqing increased by RMB813 billion, 0.96 percentage points higher than that at the year beginning.

Continuously deepen new financial actions. Explored a new mode of real estate development featuring combination of lease and purchase. "CCB JIANGONGJIAYUAN" platform has more than 45 million individual users and 16,000 corporate users. The balance of corporate property lease loans amounted to RMB 289.856 billion, up by RMB47.664 billion over the year-end of the previous year. CCB Housing Leasing Fund has acquired assets of more than RMB8.5 billion, and has established sub-funds with businesses including Vanke, as well as relevant government entities of Beijing, Tianjin, Chongqing, etc. The inclusive loan scale led the industry and continued to improve the digital inclusive business model. The loan balance of inclusive finance reached RMB 2.67 trillion, up by RMB322.048 billion over the year-end of the previous year; 2.79 million clients of inclusive financial loan, up by 260,900 over the year-end of the previous year. New model products including "Rapid Loan for Small and Micro Businesses" have offered credit support of RMB9.82 trillion to 3.84 million inclusive lending customers. Strived to build a comprehensive service system for rural revitalization, and build a complete ecosystem of financial services for rural areas. The balance of agricultural loans amounted to RMB3.42 trillion, up by RMB416.167 billion over the year-end of the previous year. There were 7.61 million registered users of the "Yu Nong Tong" APP, an increase of 2.5 million accounts over the year-end of the previous year, and loans to rural households totaled RMB30.7 billion. The balance of "Yunong Quick Loan" product bundle loans amounted to RMB149.123 billion, up by RMB39.538 billion or 36.08% over the year-end of the previous year. Established a diversified green financial service system to serve "green ecology" with "new finance". The balance of green loans amounted to RMB3.23 trillion, up by RMB479.785 billion over the year-end of the previous year. The balance of RMB green bonds increased by more than 8% over the year-end of the previous year, and the balance of foreign-currency green bonds increased by more than 23%. CCB underwrote 13 green and sustainable development bonds at home and abroad, with an underwriting scale of RMB11.9 billion. RMB10 billion of domestic green finance bonds were issued. Developed the Fintech in depth, and improved quality and efficiency through scientific R&D. Build the brand of "China Construction Bank Cloud" to enable small and medium-sized banks to transform digitally and provide one-stop overall solutions while serving the group.CCB steadily promoted the construction of the middle platform of technology and strengthened research in artificial intelligence and other basic technologies. Promoted the construction of key projects such as mobile banking, "CCB Life", "Jian Hang HuiDongNi", Great Wealth Management, Treasury of Central Enterprises, and continued to promote the key tasks of the Groups IT integration. "Dual" to achieve integrated development, the results of "three middle platforms" of business, data, and technology continued to release. It now has 446 million mobile banking users, including 133 million active users. The number of registered users of "CCB Life" reached 106 million. In Q1, CCB helped to issue consumption coupons in 136 municipal governments, driving consumption of nearly RMB2.6 billion.

Continuously intensified internal risk control. CCB holds the bottom line that systematic risks do not occur. With the concept of comprehensive initiative and intelligence, the Bank explores and practices new risk management methods that are suitable for the digital economy and new finance, and constructs a modern risk control system led by technology, and maintains stable asset quality. As of March 31, 2023, based on five categories of loans, the NPL amounted to RMB309.627 billion, an NPL ratio of 1.38%, unchanged over the year-end of the previous year. The provision coverage ratio was 241.68%, up by 0.15 percentage points over the year-end of the previous year.

2023 is the first year to fully implement the guiding principles of the 20th CPC National Congress, CCB will consider the country's interests, maintain firm strategic resolve, adhere to sound operation, make overall planning and balance, and firmly stick to the bottom line of safe operation by comparing standards with high-quality development requirements and all aspects of business objectives throughout the year, provide effective service measures to help the country achieve high-quality economic and social development.