Management of MINSHENG BANK: The loan risks from Orient Group Incorporation and ASIA STANDARD are controllable, and litigation is progressing in an orderly manner.

On the afternoon of April 1, MINSHENG BANK held a performance exchange meeting for 2024 via live streaming. In response to reporters' questions about whether provisions have been made concerning the loan balances of Orient Group Incorporation and ASIA STANDARD, as well as the current status of litigation recovery, the bank's vice president Huang Hongri provided detailed responses. According to Huang Hongri, by the end of 2024, the outstanding balance of related loans to Orient Group at the bank is 7.694 billion yuan, a decrease of approximately 1.9 billion yuan compared to the end of the previous year. In terms of proportion, these related loans account for a low share of the bank's overall loans, and the risk exposure is within a controllable range, which will not have a significant substantive impact on the bank's operations. Regarding litigation, a lawsuit has been filed with the Peking Financial Court concerning the debts owed by Orient Group, and the bank has received a "Notice of Case Acceptance." The bank will subsequently safeguard its legal rights in accordance with the law. (21st Century Economic Report)