A：We came to two major APP and met Pudong Development Public Number for live broadcast through the network platform Pudong Development Bank Mobile Banking and Puhui.

A：The market response is very good. After the disclosure of the Shanghai Stock Exchange, it has been widely concerned by investors and analysts, and there are many analysis articles and media reports. At the same time, we have also carried out publicity. Special thanks to the media friends for their in-depth reports and attention.

A：In the past year, Shanghai Pudong Development Bank has actively promoted the deepening of its strategy. For the first time, its asset scale has reached the 10 trillion mark, its profitability has continued to increase, its non-performing rate has dropped to the lowest level in the past 11 years, and it has successfully completed the conversion of 50 billion convertible bonds to equity, setting a record for the largest single convertible bond conversion in the-share market. Under the guidance of the strategy, Pudong Development Bank's five major competitions have been continuously broadened, consolidated and deepened. Through the promotion of super platforms, super products and super systems, it has achieved results and made concerted efforts to achieve four major strategies. The business has achieved multi-point breakthroughs, the digital strategy has been rapidly promoted, and all kinds of operation, service, innovation, competitiveness, influence and sustainable development capabilities have been comprehensively improved.

A：Pudong Development Bank has carried out and implemented firmly and forcefully at the digital level, adhered to strategic determination, realized the rapid improvement of scientific and technological capabilities, established the strategic direction of digitalization, completed the start of the structural reform track and the leap of core remodeling capabilities, built a new paradigm of scientific and technological empowerment and scene-driven, and improved work efficiency, reduced costs and optimized customer experience through a holographic full-chain scientific and technological system.

A：Pudong Development Bank builds differentiated core competitiveness around the five major competitions. For example, in terms of science and technology finance, it builds its own model to accurately gain insight into customers' credit risks through the group's large science and technology innovation model combined with the advantages of commercial banks, investment banks and ecology. At the same time, it reconstructs the organizational system and sets up branches with science and technology characteristics. Supply chain finance improves daily business capacity and block chain exploration and innovation through digital chain customer acquisition mode. Inclusive finance uses the advantages of two platforms to improve customer acquisition; cross-border financial construction service system to support enterprises to go out, financial finance to build wealth management platform, optimize customer service experience.

A：We have achieved convenient and efficient full service by building an online and digital operating model, as well as an iterative and upgraded mobile banking inclusive service. The customer base model and user activity have steadily improved, and the product delivery experience is clear, concise, fast and smooth. At the same time, through super product design, the market customer insight is more transparent, scenario-based applications are friendly and convenient, and customer experience feedback is used to promote rapid product iteration.

A：Shanghai Pudong Development Bank has successfully created a series of benchmarking traditional products with competitiveness and application value in the market, such as Universal Unicom, Pratt & Whitney Loan, Universal Loan, Park Ying Merger and Puke Loan, etc. These products are becoming more and more famous. High, and formed a certain brand effect in the market. Through product process design, market customer insights are clearer, services are transformed into customer experiences, and product iterations are optimized through customer feedback.

A：2026 is the first year of the "14th Five-Year Plan" of Shanghai Pudong Development Bank. We will pay more attention to the comprehensive deepening of the digital strategy, especially in the context of changes in the external environment and technological progress. This year, it is clearly proposed to re-examine finance with AI original thinking, promote the application of artificial intelligence technology in the financial industry, build a smart engine, realize real-time data flow, dynamic risk control and overall visibility of operations, and improve service accuracy, convenience and operational efficiency.

A：This year's key work includes: first, to promote digital innovation and technology empowerment, to issue artificial intelligence action plan 2026, to build large financial models and agents, and to enhance the interactive ability between AI and the market; The second is to strengthen the collaborative linkage of the whole staff to serve the market and customers in the form of ecological management. The third is to build a culture of excellence, stimulate organizational vitality, and promote high-quality development with the spirit of striving for professionalism and unity.

A：By the end of 2025, the total assets of Pudong Development Bank exceeded 10 trillion yuan, up 6.55 percent from the end of the previous year. The number of corporate financial business customers reached 2.52 million, the number of Pratt & Whitney's two additional customers was close to 510000, and the number of retail financial customers reached 0.17 billion. At the same time, special businesses such as technology finance, supply chain finance, inclusive finance and cross-border finance have made many breakthroughs, and many indicators have reached record highs.

A：The steady improvement in asset quality is mainly reflected in a number of aspects. At the end of the reporting period, the Group's non-performing assets indicators achieved a double decline, non-performing loans decreased by 1.164 billion billion yuan from the end of the previous year, and the non-performing loan ratio fell to 1.26, the lowest since 2015. Risk prevention and control in key areas was strong, and the effective consumer loan and other non-performing loan ratio fell by 0.48 percentage points to 1.8 per cent. In addition, the credit card and overdraft non-performing loan ratio also fell by 0.53 percentage points to 1.92. Risk offsetting capacity continued to increase, with provision coverage of more than 200 per cent, up 13.76 percentage points to the highest level since 2016.

A：In the next step, we will continue to strengthen the concept of upgrading, to the four high requirements to implement the transformation and development. First, we will uphold high-goal orientation; second, we will ensure high-standard implementation; third, we will promote high-efficiency collaboration; and fourth, we will focus on high-value creation. We will intensify our efforts to achieve breakthroughs and continuously enhance the contribution of our five core business segments.

A：We continue to deepen the innovative service model of science and technology finance, accelerate the construction of a comprehensive service paradigm for the whole chain of supply chain finance, continue to strengthen the new model of digital inclusive finance, and strengthen the integration of upstream and downstream cross-border finance and the linkage between domestic and overseas customers. At the same time, Caizhi Finance deepened integrated financial services, expanded the ecological scope of super platform construction, strengthened system integration, and improved service levels and scenario-based operation capabilities. In addition, we also focus on the functional iteration and precise service of the super system, adhere to customer management, and continue to deepen the hierarchical classification of customer group business strategy.

A：In the past two years, Shanghai Pudong Development Bank has made excellent achievements in digital transformation, whether in terms of operation, risk control or efficiency. We put forward the strategic positioning of creating a new benchmark for the digital transformation of the banking industry, and on the basis of clear path selection and infrastructure construction, through the construction of super platforms, super products and super systems, we have strongly supported the implementation of the strategy, especially in the market. Better service to customers, providing better product delivery and brand image.

A：The ten business strategies are formulated to promote the digital transformation strategy more solidly, including industrial industry strategy, regional strategy, online strategy, digital innovation strategy, diversified and differentiated business strategy, group coordination strategy, fine management strategy, digital risk and pricing strategy and precise resource allocation strategy. These strategies are designed to help Pudong Development Bank better serve the development of the real economy, gain insight into market demand, optimize internal mechanism systems and resource allocation, improve market reach, customer docking capabilities and operational efficiency, and accurately match resources to support the development of various businesses.

A：The business philosophy of Pudong Development Bank in 2025 is four sentences, namely, "strong track, excellent structure, risk control and efficiency". Among them, the "excellent structure" includes the continuous optimization of industry structure, regional structure, customer structure and product structure, and the optimization of asset-liability structure through active asset-liability management, and the establishment of a strict spread management system. Pudong Development Bank has achieved net interest margin improvement and parity with the industry through the following measures, and even outperformed the industry level: First, the asset side implements a dynamic optimization strategy of improving quality and efficiency, increases credit investment, optimizes the pace of credit investment, and lowers inefficient assets. The proportion of high-yield assets increases; the second is to adhere to the principle of deposit establishment on the liability side, promote deposit growth, and enhance deposit stability, at the same time, through bond issuance and other means to enrich the variety of liabilities, reduce the interest rate of liabilities, and third, optimize the system and mechanism of the full table management of assets and liabilities, improve the efficiency of fund management, accurately grasp the market window, improve the level of capital input and output.

A：In the past year, driven by the digital strategy, Shanghai Pudong Development Bank has made significant progress in its financial technology capabilities, and won the first prize for the financial technology development of the People's Bank of China for the first time. In terms of infrastructure construction, Pudong Development Bank has built a computing power scheduling system to complete the compatible adaptation of domestic mainstream computing power; at the algorithm level, it has formed a self-research small model, a large basic model and a large vertical domain model matrix, deployed a number of large models and achieved an average daily call of more than 4 million times. In addition, Pudong Development Bank has also established a 1 billion-level enterprise-level knowledge base and explored AI coding technology. At present, these technologies have been applied to many business systems such as enterprise credit, personal online banking and cloud management platforms. Pudong Development Bank to the whole staff, the whole system and the whole chain as the main line, to promote the application of AI technology in key business areas. On the whole staff side, we will promote the man-machine collaborative work mode, establish a knowledge accompanying mode for all staff, and encourage employees to participate in process automation and intelligent body innovation. On the whole chain side, we will adapt to changes in customer needs and behavior habits, carry out engineering and system-level transformation of core business processes, and build a new online and offline integrated service model. Specific application cases cover areas such as super platforms, digital products, digital operations and digital wind control.

A：As a core financial institution in the region, Shanghai Pudong Development Bank actively responds to the national strategy, especially in the integration of the Yangtze River Delta, by providing a full range of financial services to help regional economic development. In supporting the construction of the five centers in Shanghai, Shanghai Pudong Development Bank makes full use of its multi-license full-function deployment advantages, continuously deepens its service posture and mode, and consolidates its competitive advantage with practical actions. The concrete results and efforts will continue to show in the follow-up development.

A：The Yangtze River Delta region is the most dynamic, open and innovative economic zone in China, carrying the landing of many national strategies. As a local financial institution in Shanghai, Shanghai Pudong Development Bank, especially in the Yangtze River Delta region, has achieved remarkable results through its efforts in technology finance, green transformation and new infrastructure construction. For example, the proportion of deposits and loans of Shanghai Branch of Shanghai Pudong Development Bank has increased significantly in the whole bank, as well as its outstanding performance in many fields such as charter flight building, science and technology finance, supply chain finance, cross-border finance and so on.

A：Shanghai Pudong Development Bank has formed significant service advantages and characteristic projects in the Yangtze River Delta, including promoting the integrated development of the Yangtze River Delta, optimizing resource allocation, providing sufficient resources and reasonable authority management. The concrete results are reflected in the strong support for science and technology enterprises, the number of service science and technology enterprises reached 256000 by the end of 2025, the loan scale is close to 1 trillion, and in the nine new industries in the new 230 billion of loans, the loan balance reached 600 billion, an increase of 63%. At the same time, Shanghai Pudong Development Bank also actively participated in major mergers and acquisitions, such as mergers and acquisitions in China's biomedical industry, demonstrating its strong strength in serving innovative industries.

A：The future of Pudong Development Bank will focus on the three key elements of resource input, professionalism and ecosystem collaboration. First of all, in terms of resource investment, we will continue to increase credit to emerging pillar industries, and include high-quality customers in the priority support list. Secondly, in terms of professionalism, strengthen service and product innovation, create characteristic brands, and enhance professional service capabilities. Finally, in terms of ecological construction, we should do a good job in group coordination, build a service ecosystem covering track business and characteristic areas, and deepen the service system of commercial banks plus investment banks plus ecology.

A：Through digital strategic transformation and strong risk compliance internal control system, Shanghai Pudong Development Bank has achieved the best level of non-performing amount, non-performing rate and provision coverage ratio in the past decade. Specific measures include the implementation of the white list mechanism, strict customer access, good post-loan management, as well as around the industry research, credit standards, loan prices, track business integration, post-loan inspection, through the main responsible person mechanism and exit mechanism and other aspects of seven overall planning, in order to accurately identify high-quality customers and provide differentiated services. In the future, Shanghai Pudong Development Bank will continue to build new core competitiveness to adapt to the economic downturn and the ability to adapt to the transition period, and ensure that risk compliance work provides strong support for the transformation work.

A：In 2024 and 2025, Pudong Development Bank's loan placement growth and growth rate remained at a leading level in the equity market, especially in 2025, where we still maintained a very significant head growth in new loan growth by comparing peer disclosures. The main reason is that we always adhere to the digital strategy, continue to strengthen the digital, scene, ecological capacity-building, comprehensively enhance the competitiveness of all kinds of products, and through the scene integration and chain management to consolidate the credit customer base.

A：Specific strategies include consolidating the advantages of key tracks and relying on digital fist products to accurately develop five major areas such as technology finance, inclusive finance and cross-border finance. Do a good job in the layout of key areas, such as fine-grained and deep cultivation of the Yangtze River Delta region, while increasing loan investment in Beijing, Tianjin, Hebei and Dawan District; Upgrade the efficiency of key products, integrate diversified service capabilities such as green mergers and acquisitions syndicates, and promote products with high market adaptability and strong wind control capabilities; As well as investment, for example, increasing investment in manufacturing, supporting national infrastructure development strategies and regional development needs, and practicing the people's requirements for financial work.

A：Pudong Development Bank continues to increase resource investment in the field of agriculture, rural areas and farmers, regards serving agriculture, rural areas and farmers as a major political responsibility and business development opportunity, and is committed to accurately drip-feeding financial living water to county villages. In 2025, nearly 50 billion billion yuan of new loans in agriculture-related fields will be added, with a stock scale of more than 3900 billion yuan, providing a solid financial guarantee for consolidating and expanding the achievements of poverty alleviation and promoting the comprehensive revitalization of rural areas. For 2026, Pudong Development Bank has formulated a credit delivery strategy with steady growth, balanced volume and price, continuous enhancement of capacity and more prominent operating characteristics. It is expected that the credit business will maintain relatively good market performance throughout the year and forge the foundation for steady development by tapping the potential of key scenes and enhancing the depth of comprehensive customer management.

A：Pudong Development Bank's financial market business in 2025 is doing well, comprehensively deepening its digital strategy, further increasing its overall revenue contribution and share, and achieving excellent results in a number of core business areas, such as bond market, gold trading, RMB foreign exchange options trading, etc., and successfully landing a number of innovative businesses. Looking forward to 2026, Pudong Development Bank will face the complex environment of market structure differentiation, interest rate fluctuation, capital flow change and customer demand diversification. It plans to strengthen active trading and multi-asset allocation around key markets, promote the in-depth application of AI intelligence in financial market business, enhance digital capability, transform trading capability into customer ecological service capability, strengthen group synergy and enhance the stable supporting role of light capital business.

A：Pudong Development Bank continues to deepen ecological construction in the three aspects of transaction ecology, customer ecology and custody ecology, enhance professional capabilities, strengthen digital capabilities, through the optimization of intelligent investment and research, intelligent trading, intelligent wind control system, to achieve significant growth in the scale of transaction flow, spread contribution, customer coverage depth and other aspects.