China China Finance Asset Management Co., Ltd. (“China Huarong”) issued an earnings forecast on 22 January 2024, expecting net profit attributable to the Company's shareholders to reach between RMB100 billion and RMB20 billion in 2023, compared to a net loss of RMB275.81 billion in 2022. The Company stated that this result was due to deepening business synergies, active market expansion, enhanced asset management, and improved capital market trends. In addition, the company made significant investments through special opportunities, improved asset structure, and confirmed asset impairment losses of approximately RMB 400 billion, laying the foundation for future healthy development. China's Huarong emphasized that it will continue to focus on the main business, seize the development opportunities of the adverse asset industry and build on CITIC Group's strengths to optimize its asset allocation and business structure. The Company reminds shareholders and potential investors that the financial data referred to in the announcement are preliminary audit data, unaudited and may differ from those in the annual reports.

China China Finance Asset Management Co., Ltd. (“China Huarong”) issued an earnings forecast on 22 January 2024, expecting net profit attributable to the Company's shareholders to reach between RMB100 billion and RMB20 billion in 2023, compared to a net loss of RMB275.81 billion in 2022. The Company stated that this result was due to deepening business synergies, active market expansion, enhanced asset management, and improved capital market trends. In addition, the company made significant investments through special opportunities, improved asset structure, and confirmed asset impairment losses of approximately RMB 400 billion, laying the foundation for future healthy development. China's Huarong emphasized that it will continue to focus on the main business, seize the development opportunities of the adverse asset industry and build on CITIC Group's strengths to optimize its asset allocation and business structure. The Company reminds shareholders and potential investors that the financial data referred to in the announcement are preliminary audit data, unaudited and may differ from those in the annual reports.