On June 25th, CM Bank held its shareholder meeting for the year 2023. When responding to questions from shareholders, CM Bank President Wang Liang stated that the two core indicators of revenue and profit will both face double pressure this year. Wang Liang said that the interest rate spread for CM Bank in the first quarter of this year fell by 27 basis points, mainly due to the repricing effect of the LPR lowering. At the same time, affected by the decrease in effective credit demand and the reduced competition among banks to lower loan interest rates, it is determined that the income level of the asset side will further decline this year. Wang Liang said that overall, the interest rate spread in the banking industry will continue to decline this year, but there is little expectation that the decline will continue, and it may currently be in a relatively bottom position. For CM bank, as long as it maintains a good asset quality and a high capital adequacy ratio and provision coverage ratio, the overall profitability level of CM bank will gradually stabilize in the future.