Summary of financial data for 2023 (RMB):

• The Group's total assets amounted to 38.32 trillion, up by 10.76% over the previous year

• Deposits totaled 27.65 trillion, up by 10.52% over the previous year

• Net loans and advances amounted to 23.08 trillion, up by 12.64% over the previous year

• The net profit was 332.46 billion, an increase of 2.34% over the previous year

• Net interest margin 1.70%

• Average return on assets (ROA) and weighted average return on equity (ROE) were 0.91% and 11.56% respectively

• Capital adequacy ratio was 17.95%, non-performing loan ratio 1.37%, and provision coverage 239.85 %

• The board of directors recommends the payment of a cash dividend of 0.40 per share (tax inclusive)

On March 28, 2024, China Construction Bank (stock code: SH: 601939; HK: 00939) ("CCB") announced its operating results for 2023. In 2023, under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, CCB performed well in the core data, and achieved the expected operating results by taking high-quality development as its theme, fully, accurately and comprehensively implementing the new development concept, practicing the political and people-oriented nature of financial work, promoting the integration of thematic education into the central work, strictly and realistically deepening the inspection and rectification to promote reform and development, serving the continuous improvement of the quality and efficiency of the real economy and consolidating the risk management foundation.

Focused on main responsibilities and main businesses to improve quality and increase efficiency in an all-round way

Core indicators were balanced and coordinated, demonstrating the value resilience of "seeking progress while maintaining stability." As of the end of 2023, the total assets of the Group amounted to RMB38.32 trillion, up by 10.76%. Core assets maintained a reasonable growth with net loans and advances of RMB23.08 trillion, up by 12.64%. Total liabilities reached RMB35.15trillion, up by 10.81%. High-quality debt continued to expand, including deposits of RMB27.65 trillion, up by 10.52%. Earnings grew steadily, with a net profit of the whole year of RMB332.46 billion, up by 2.34%. Net interest yield was 1.70%. The average return on assets （ROA）stood at 0.91%, and the weighted average（ROE）was 11.56%, both among the highest in the industry. It had a capital adequacy ratio of 17.95%, a Tier 1 capital adequacy ratio of 14.04% and a core Tier 1 capital adequacy ratio of 13.15%, all satisfying the regulatory requirements.

Increased financial support and adhered to the origin source, serving the real economy. CCB provided better comprehensive financial services and allocated resources to major strategies, key areas and weak links in economic and social development; and continued to increase financial supply in key areas such as manufacturing, agriculture, happiness industries, supply chain and consumption. Loans to the manufacturing industry was RMB2.70 trillion, up by 20.47%; to private enterprises RMB5.40 trillion, up by 21.39%; and to strategic emerging industries RMB2.24 trillion, up by 52.14%. It resolutely served the technology and finance, made innovative use of sci-tech innovation evaluation tools, continuously increased financial support for technology companies, and accelerated the cultivation of new quality productive forces. Science and technology loans amounted to RMB1.53 trillion, up by 24.13%. It vigorously developed digital finance, and helped promote the integration of the digital and real economies. The balance of loans to core industries of the digital economy amounted to nearly RMB700 billion. Strong support was given to major regional strategies. Corporate loans in Beijing, Tianjin, Hebei, Yangtze River Delta and Guangdong-Hong Kong-Macao Greater Bay Area increased by more than RMB1.3 trillion. In terms of helping finance open to the outside world at a high level, trade financing reached RMB1.82 trillion, and cross-border RMB settlement exceeded RMB4 trillion in the whole year. It firmly reduced fees and effectively decreased the comprehensive financing costs of the real economy.

Three segments developed together with remarkable results in integrated operation. CCB promoted corporate finance, personal finance and capital management to develop cross- segment, cross-regional and cross-business coordination capabilities, and released the momentum of high-quality development. Corporate finance was consolidated, with 10.82 million corporate and institutional customers, an increase of 1.47 million over the previous year; and corporate loans maintained rapid growth, domestic corporate loans and advances of the Bank reached RMB13.23 trillion, representing an increase of 20.01%. CCB improved quality and efficiency in personal finance. Domestic personal deposits amounted to RMB14.87 trillion, up by 13.70%. The total number of individual customers reached 757 million, and the financial assets of individual customers under management exceeded RMB18.50 trillion; and domestic personal loans and advances amounted to RMB8.68 trillion, representing an increase of 5.33%. The capital management developed steadily, with the financial market assets exceeding RMB10 trillion; and asset custody size exceeding RMB20 trillion; relying the newly-launched "Jian Yang An" pension finance brand, the "four-in-one" elements of pension finance, pension industry finance, pension service finance and pension finance ecology have achieved initial success for coordinated development.

Sticked to profit from righteousness to serve a better life

Increased the supply of inclusive finance. Innovative digital inclusion products and iterative upgrading of the "CCB Huidongni" comprehensive service platform helped ease the financing difficulties and high financing costs of small and micro enterprises. The loan balance of inclusive finance reached RMB3.04 trillion, up by 29.40%; there were 3.17 million clients, up by 647,400 over a year earlier；New model products including "Rapid Loan for Small and Micro Businesses" have offered credit support of RMB12.80 trillion to 4.72 million inclusive finance customers.

Promoted green transition and development. CCB built a diversified service system covering green credit, green bonds, green funds and green investments. At the end of 2023, it had a balance of RMB3.88 trillion in green loans, up by 41.19%；A number of green bonds were issued, amounting to over RMB24 billion；It promoted the integration of ESG concept into the bank-wide operation and management and ESG rating of MSCI had been upgraded to Grade AA.

Supported homebuilding industry. CCB was committed to its advantageous areas of housing finance, actively supported residents' immediate and improved housing needs, explored new models of housing finance services, and promoted the steady development of real estate. It stepped up its support for the "three major projects" in the real estate sector, and had ties with more than 200 projects with a potential financing requirement of RMB17 billion. The domestic real estate loans reached RMB853.956 billion, up by 10.81%. It increased financial support for affordable rental housing. The Housing Lease Fund had signed a total of 25 acquisitions with assets of RMB11.889 billion. The balance of corporate housing lease loans was RMB325.448 billion, representing an increase of 34.38%. The REITs pilot made a breakthrough.

Served the rural revitalization across the board. CCB coordinated financial services for new urbanization and rural revitalization, and continuously improved the "1211" comprehensive service system of rural revitalization. About 350,000 "Yunongtong" service points "gathered together to form a chain," covering most of the country's townships and administrative villages. CCB assisted rural governance and built a featured platform of "sunshine governance" (Party affairs, village affairs and finance). It had a balance of RMB3.82 trillion in agriculture-related loans, up by 27.11%; and 3.9453 million customers with agriculture-related loans, up by 24.48%. It strengthened financial services in economically strong counties, promoted the development of urban-rural integration, and effectively supported the connection of the consolidation and expansion of the achievements of poverty alleviation and rural revitalization.

Supported people's livelihood and boosted consumption. CCB continued to improve the quality and effectiveness of personal consumption loan services and maintained a leading edge in the market. The individual consumption loan was RMB421.623 billion, up by 42.71%. It optimized the mobile banking and CCB life "Dual" corporate platforms, with over 200 million monthly active users and 26 million daily active customers. CCB had served 217 city governments to carry out consumption promotion, boosting people's livelihood consumption by RMB6.202 billion.

Coordinated development and safety to strengthen the foundation of operation and management

Digitalization enabled lean operation. CCB accelerated the construction of digital financial infrastructure, built a "CCB Cloud" service brand, and led the industry in overall computing power scale and service capability. It promoted the implementation of the "Ark Plan" and the application of AI technology in customer service, operation, risk control and other scenarios. It pushed forward the comprehensive operation of channels, and the proportion of flagship and comprehensive outlets increased by 2.86 percentage points; the effect of reducing the burden and enabling the primary outlets was obvious. CCB strengthened lean management and control and comprehensively promoted cost management. The Group's cost-income ratio was 28.39%, maintaining a superior level among peers.

Continuously improved the comprehensive risk management system. The Group's integrated risk management was promoted, to strengthen the cross-cycle management and control of asset quality, and improve new risk management and control methods, so that all kinds of risks are controllable as a whole. CCB effectively prevented and resolved the risks in key areas, met the reasonable financing needs of real estate enterprises while strengthening the risk prevention and control in the real estate sector, provided financial services for ensuring housing project delivery, and actively and steadily carried out the risk mitigation of local debts. The risk control in key areas was in line with expectations.

Adhered to proactive asset quality control. CCB earnestly performed the "three lines of defense" management responsibilities, objectively understood the potential risks, grasped the laws of risk, intensified the disposal and resolution of non-performing assets, and achieved stable operation under complicated situations. The NPL rate was 1.37%, 0.01 percentage point lower than the previous year. The provision coverage rate was 239.85%.

2024 marks the 75th anniversary of the founding of the People's Republic of China and the 70th anniversary of the founding of China Construction Bank. Facing the business environment where there are both opportunities and challenges, CCB will resolutely implement the spirit of the 20th CPC National Congress, the Central Financial Work Conference and the Central Economic Work Conference, with the goal of accelerating the building of a leading country in finance, better coordinate the aggregation and structure, scale and efficiency, short-term and long-term development, local and global development, and development and safety, promote high-quality development of the financial sector, spare no effort in doing a good job in technology and finance, green finance, inclusive finance, pension finance and digital finance, give full play to traditional advantages to help the construction of the "Three Major Projects". Focusing on risk control in key areas, CCB will continue to strengthen comprehensive and intelligent risk management, strive to be a main force in serving the real economy and a ballast for financial stability, and write its own chapter in China's modern finance.