Core Viewpoint - Huishang Bank announced a system upgrade scheduled from September 5, 2025, 18:00 to September 8, 2025, 8:00, during which various services will be temporarily suspended to enhance financial service quality and efficiency [1]. Service Suspension Details - The upgrade will affect multiple services, including third-party payment services like Alipay and WeChat, which will be suspended from September 5, 15:00 to September 8, 8:00 [2]. - Specific services and their suspension times include: - Wealth management sales (non-Huishang wealth management) from September 5, 15:00 to September 8, 8:00 [2]. - Utility payments (water, electricity, gas, etc.) from September 5, 15:00 to September 8, 8:00 [2]. - Credit card transactions, loan applications, and repayments from September 5, 15:00 to September 8, 8:00 [2]. - Debit card services (transfers, withdrawals) from September 5, 18:00 to September 8, 8:00 [2]. - The bank advises customers to prepare for any financial needs or repayments in advance due to the service interruptions [1].

Core Viewpoint - Jiangsu Taixing Rural Commercial Bank has been focusing on local economic and social development, maintaining a steady and improving business operation through precise market segmentation, differentiated competition, and talent cultivation, thus achieving a high-quality development path unique to rural commercial banks [1] Group 1: Market Strategy - The bank emphasizes identifying customers as a challenge for differentiated operations, transitioning from "product-oriented" to "customer-oriented" strategies, enhancing customer segmentation and precise marketing [2] - It utilizes a customer profiling approach, integrating various data sources to achieve refined classification and targeted marketing, activating the potential of long-tail customers and competing for high-net-worth clients [2] Group 2: Project Services - The bank has restructured its service departments to align with local industrial development, establishing six regional service centers to provide dedicated financial services to enterprises [3] - An innovative "prospective assessment + credit lending" mechanism has been introduced to support long-term projects, facilitating new construction and equipment purchases [3] Group 3: Differentiation and Core Competitiveness - The bank aims to build a differentiated core competitiveness to address market challenges, leveraging high-quality party building to drive development and implementing a "finance + party building + rural revitalization" service model [4] - Collaborative projects with local departments have been established to enhance the integration of inclusive finance and social services [4] Group 4: Corporate Culture - The bank focuses on cultivating a strong corporate culture that aligns with local economic development, promoting a customer-centric approach and enhancing its brand image as a preferred bank for the community [5] Group 5: Customer Experience - The bank is committed to optimizing customer experience through a "big data + grassroots + grid-based" marketing model, enhancing customer engagement and satisfaction [6] - Community outreach activities have been conducted to promote financial literacy and activate the functionalities of social security cards [6] Group 6: Technological Empowerment - The bank is advancing its digital transformation by enhancing its technological capabilities, which support business development, cost reduction, and risk management [7] - Various systems have been developed to streamline loan approval processes, improving efficiency for customers [7] Group 7: Talent Development - The bank emphasizes building a high-quality team by adhering to strict selection criteria and fostering a culture of meritocracy [8] - A comprehensive training system is in place to enhance the skills and capabilities of employees, promoting a multi-skilled workforce [8] Group 8: Integrity and Ethics - The bank implements rigorous measures to assess the integrity and ethical standards of its staff, ensuring a clean and accountable workforce [9]

Group 1: Financial Performance - In Q1 2025, the bank's revenue was CNY 33.709 billion, a year-on-year decrease of 13.1% [2] - Net profit for Q1 2025 was CNY 14.096 billion, down 5.6% year-on-year [2] - The bank's operating expenses were CNY 9.055 billion, a decrease of 13.2% year-on-year [2] Group 2: Dividend Distribution - For the year 2024, the bank plans to distribute a cash dividend of CNY 6.08 per 10 shares, totaling CNY 11.799 billion, which is 28.32% of the net profit attributable to ordinary shareholders [3] - The interim dividend for 2024 is CNY 2.46 per 10 shares, amounting to CNY 4.774 billion [3] - The final dividend for 2024 is CNY 3.62 per 10 shares, totaling CNY 7.025 billion [3] Group 3: Asset Quality - As of March 2025, the non-performing loan (NPL) ratio was 1.06%, unchanged from the end of the previous year [5] - The provision coverage ratio was 236.53%, with a provision-to-loan ratio of 2.50% [5] - In Q1 2025, the bank wrote off loans amounting to CNY 17.065 billion and recovered CNY 9.425 billion in non-performing assets [5] Group 4: Interest Margin - The net interest margin in Q1 2025 was 1.83%, a decrease of 18 basis points year-on-year [4] - The bank anticipates continued downward pressure on the net interest margin in 2025, but at a slower rate [4] Group 5: Wealth Management - Wealth management fee income in Q1 2025 was CNY 1.208 billion, a year-on-year increase of 12.5% [6] - Personal insurance income grew by 38.7% to CNY 0.344 billion, while personal fund income increased by 5.7% to CNY 0.522 billion [6] Group 6: Capital Adequacy - As of the end of 2024, the bank's capital adequacy ratios were 9.12% for core tier 1, 10.69% for tier 1, and 13.11% for total capital [8] - The bank plans to balance internal and external capital replenishment to maintain adequate capital levels [8] Group 7: Deposit Growth - As of March 2025, personal deposits totaled CNY 1,330.883 billion, a growth of 3.4% from the end of the previous year [9] - The average daily balance of personal deposits in Q1 2025 was CNY 1,316.631 billion, up 6.5% year-on-year [9] Group 8: Loan Growth - As of March 2025, personal loan balances were CNY 1,729.046 billion, a decrease of 2.2% from the end of the previous year [10] - Housing mortgage loans increased by 4.1% to CNY 339.434 billion, while credit card receivables decreased by 7.9% to CNY 400.638 billion [10]