Dear Shareholders,

Thank you for your support and attention to CDB Leasing! The past year was a milestone year in the history of the Communist Party of China and the PRC, and also a year of forging ahead with perseverance for CDB Leasing. In 2021, faced with a multitude of risks and challenges, CDB Leasing maintained its strategic focus and adhered to high-quality development. As a result, it hit new highs in major business performance indicators, maintaining a steady growth for six years since its listing.

This year, we vigorously implemented the new development concept and got off to a good start for the 14th Five-Year Plan. While devoting to epidemic prevention and control, CDB Leasing continued to improve the quality and efficiency of operations and made steady progress in business performance while maintaining stability. As at the end of 2021, the Group’s total assets reached RMB341.838 billion, representing a year-on-year increase of 12.7%. Our net profit amounted to RMB3.922 billion, a year-on-year increase of 20.0%; ROE was 13.83%, a year-on-year increase of 1.33 percentage points; non-performing asset ratio was 0.67%, remaining below 1% for the fifth consecutive year. The overall operating performance showed that the Group has embarked on a new journey of high-quality development under the 14th Five-Year Plan.

This year, we upheld the mission to serve the real economy and continued to increase business investment.CDB Leasing invested RMB126.163 billion in 2021. In terms of aircraft leasing business, we further optimized the customer and asset structure and took the lead in carrying out A330 passenger-to-cargo conversions in the industry, thus reducing the pressure on disposal and impairment of old wide-body aircraft and enabling the segment to turn profitable. In terms of infrastructure leasing business, we achieved a steady growth in asset size, further concentrated on seven key strategic regions including the Yangtze River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area and the Beijing-Tianjin-Hebei region, implemented the state’s “carbon peak and neutrality” strategy, and increased investment in new energy business. In terms of ship leasing business, we added 114 ships in operation throughout the year, and achieved a substantial growth in asset size and profit. In terms of inclusive leasing business, we stepped up support for small and micro enterprises, added 149,000 end-users, and broke ground for the passenger car retail business through digital transformation.

This year, our efforts were widely recognized by society. In 2021, the Company received the “Most Competitive Financial Leasing Company” award from Financial News, the “Social Responsibility Award of the Year” from Shenzhen Special Zone Daily, the title of “Most Influential Financial Leasing Company” at the Global Leasing Industry Competitiveness Forum, and the “2020-2021 Excellent Case Award for Green Finance” from Shenzhen Banking Association. These achievements could not be achieved without the long-term trust and support of shareholders and all sectors of society, the concerted efforts of the management, and the hard work of all employees. On behalf of the Board of Directors, I would like to express my heartfelt gratitude to them.

The time has come for us to hoist the sails to cross the sea, and ride the winds and cleave the waves. 2022 will be full of challenges. CDB Leasing will fulfil the mission of serving the real economy, adhere to the general keynote of seeking progress while maintaining stability, root in the fundamentals of leasing, focus on its main responsibility and principal business, continuously optimize the business portfolio, leverage the power of technology, strengthen risk and compliance management, and improve operations and management, so as to give back to shareholders, employees and society with sound business performance.