Core Viewpoint - The investment level of the U.S. banking industry in its own risk management may have declined according to Federal Reserve's Kugler [1] Group 1 - The statement indicates a potential decrease in the focus on risk management investments within the U.S. banking sector [1]

Financial Data and Key Metrics Changes - Profit attributable to equity holders increased by 16.8% to HK$38.2 billion, with ROE rising to 11.6% [2] Business Line Data and Key Metrics Changes - The company actively managed assets and liabilities, achieving stable NIM performance while expanding fee income due to recovery in capital markets and the tourism industry [3] Market Data and Key Metrics Changes - The company noted that the global political and economic landscape is undergoing significant transformation, with uncertainties regarding interest rate cuts in major economies [4] Company Strategy and Development Direction - The company is focused on enhancing risk control, solidifying banking infrastructure, and expanding earning sources as part of its globalization strategy within the BOC Group [2] - The management emphasized the importance of transforming growth momentum and risk management in the banking industry moving forward [4] Management Comments on Operating Environment and Future Outlook - Management acknowledged the complex and severe operating environment but highlighted the effectiveness of recent economic stimulus policies in boosting social confidence and supporting economic recovery [4] Other Important Information - The company is currently controlling operating expenses while strengthening risk management [3] Q&A Session Summary Question: Inquiry about new shareholders return arrangement - Management received congratulations on excellent results, and the question pertained to the new shareholders return arrangement [6]

Group 1 - Zhang Xiaopu, former director of the Economic Bureau of the Central Financial Committee Office, passed away on March 21, 2025, at the age of 51 due to illness [1] - Zhang held a PhD in economics and a postdoctoral degree in finance, and was an expert enjoying special government allowances from the State Council [1] - He was a visiting scholar at Stanford University's Asia-Pacific Research Center and a member of the Basel Committee on Banking Supervision's research working group [1] Group 2 - Zhang's research areas included banking regulation, risk management, compliance risk management, and the international capital flow of the Renminbi [1] - He published over 100 papers in both Chinese and English in various academic journals, including the Journal of Asian Economics and Economic Research [1] - Zhang authored several books, including "Research on the Equilibrium Exchange Rate of the Renminbi" and "Principles and Practices of Compliance Management in Commercial Banks" [1]