Group 1 - The announcement is regarding the change of fund manager for the Huabao Fund Management Co., Ltd.'s Huabao ChiNext AI ETF [1] - The effective date of the announcement is June 3, 2025 [2] - The company has added China Postal Savings Bank Co., Ltd. as a distribution agency for certain funds starting from June 3, 2025 [1] Group 2 - The applicable funds for the new distribution agreement are specified but not detailed in the announcement [1] - Institutional investors can conduct account opening, subscription, and other services through the "You Win" platform of Postal Savings Bank [1] - Contact information for both China Postal Savings Bank and Huabao Fund Management Co., Ltd. is provided for inquiries [1]

Core Insights - Postal Savings Bank of China (PSBC) reported a stable yet progressive performance for the year 2024, focusing on resource optimization and management efficiency [1] Financial Performance - As of the end of 2024, PSBC's total assets reached 17.08 trillion yuan, an increase of 8.64% year-on-year, while total liabilities grew by 8.69% to 16.05 trillion yuan [1] - The bank's operating income was 348.775 billion yuan, reflecting a year-on-year growth of 1.83%, positioning it among the top state-owned banks in terms of growth rate [1] - Total profit amounted to 94.592 billion yuan, marking a 3.27% increase compared to the previous year [1] - The net interest margin stood at 1.87%, maintaining a leading position in the industry [1] Retail Banking Strategy - PSBC adhered to a first-class large retail banking strategy, focusing on enhancing six core capabilities and fine management to stimulate internal growth [2] - Personal deposits reached 13.63 trillion yuan, with an increase of 1.13 trillion yuan, while personal loans rose to 4.77 trillion yuan, up by 300 billion yuan [2] - The bank's assets under management (AUM) for personal clients reached 16.69 trillion yuan, with significant growth in high-net-worth clients [2] - Consumer loans increased by over 130 billion yuan, with housing loans leading among state-owned banks [2] Financial Services and Market Position - PSBC is committed to improving the quality and reasonable growth of its financial services, optimizing resource allocation, and enhancing management efficiency [2] - The number of corporate clients reached 1.8041 million, with a year-on-year increase of 13.21%, and the number of main bank clients grew significantly [2] - The bank has developed a comprehensive financial service system for technology enterprises, with a client growth rate exceeding 30% and financing balance increasing over 40% [2] Market Differentiation and Growth - PSBC is focused on creating differentiated growth in the financial market, enhancing its ecosystem through a customer-centric approach [3] - As of the end of 2024, the asset scale of funding business reached 6.84 trillion yuan, with policy financial bond underwriting amounting to 257.2 billion yuan, a year-on-year increase of 193.27% [3] - The bank's asset management scale surpassed 5 trillion yuan, with fee income growth outpacing the industry average by 13.17 percentage points [3] - The scale of wealth management products exceeded 1 trillion yuan, reflecting a growth rate of 31.68% year-on-year [3] - The "You Win Together" platform achieved a cumulative transaction volume exceeding 5 trillion yuan, further expanding its influence in the industry ecosystem [3]