Lai Furong, President of Industrial Bank: For the first three quarters, the scale of new non-performing assets and the non-performing loan ratio both decreased.

Lai Furong, Chief Risk Officer of Industrial Bank, stated at the bank's third quarter performance briefing for 2025 that the scale and rate of new non-performing assets in the first three quarters of the year had achieved a "double decrease", with risks in the real estate, local government financing platforms, and credit card sectors shifting from high to low. Specifically, the comparison of new non-performing assets in the public real estate sector decreased by 53%, there were no new non-performing assets in local government financing platforms, and new non-performing assets in credit cards decreased by 10.6% compared to the previous year. In other sectors, the amount of new non-performing assets in the manufacturing industry in the third quarter decreased by 48.6% compared to the average of the previous two quarters, and related risks were already identified earlier in the year without any unexpected changes or spread trends. The zero loan segment is still under pressure due to the macroeconomic environment at home and abroad as well as the decline in income of some customers, but overall asset quality remains at a relatively favorable level compared to peers.