CNBM Asset Management Co., Ltd.: Fully Promote Inefficient and Ineffective Equity Reduction and Real Estate Revitalization

the work

in 2025 is to focus on transformation, break through against the trend, and successfully accomplish the "14th Five-Year Plan" goal. We will unswervingly implement the group's strategy, accelerate the transformation from "management" to "disposal", and break through under multiple pressures.

Second, focus on the target, improve quality and efficiency, and steadily improve business performance. In terms of the reduction of interest-bearing liabilities, the reduction of "two funds" and the management of "two losses", great efforts have been made to "optimize the stock" and "do subtraction", and all the indicators have been overfulfilled.

Third, focus on key points, target measures, and make new breakthroughs in asset disposal. Equity withdrawal, real estate disposal and special creditor's rights recovery have achieved remarkable results, historical legacy projects have been steadily settled, asset value has been restored, and idle equipment has been expanded.

Fourth, focus on provention and control, build a solid bottom line, and make every effort to prevent and resolve major risks. Carry out in-depth risk investigation, effectively resolve risks in key areas, and continue to improve production safety.

Fifth, focus on reform, deepen innovation, and constantly promote management improvement. We will carry out reform, deepen and upgrade actions, promote information construction, improve incentive mechanisms, and continue to build a "big supervision" system.

Sixth, focus on the center, deepen integration, and lead high-quality development with high-quality party building. Strengthen the Party's political construction, carry out solid learning and education, and unswervingly promote the comprehensive and strict administration of the Party. The first work measure

in 2026 is to strengthen the goal guidance and take the initiative to play a professional role. Anchor the target to implement the group deployment, give full play to its functions, and take the initiative to attack the member enterprises of the group.

Second, we should intensify our efforts to tackle key problems and push forward key work. We will make every effort to promote the tasks of reducing inefficient and ineffective equity, revitalizing real estate, closing historical projects and collecting creditor's rights, prevent and resolve operational risks, and accelerate the cultivation of new business models.

Third, deepen reform and innovation, improve management level and enhance operational efficiency. Build an asset management system around "receiving, managing and withdrawing", improve the internal control and compliance environment, explore digital transformation, and innovate and promote the selection and employment mechanism.

Fourth, we should adhere to the leadership of Party building and promote the deep integration of Party building and business work. Strictly implement the "first topic" system, promote the standardization of grass-roots Party organizations, adhere to the strict administration of the Party in an all-round way, and do a good job in the "second half of the article" of inspection.