China CITIC Financial Asset Management Co., Ltd. (Stock Code: 2799.HK), with its predecessor being China Huarong Asset Management Corporation founded on November 1, 1999, is one of the four state-owned financial asset management companies (the “AMCs”) established in response to the Asian financial crisis and for resolving financial risks, promoting the reform of state-owned banks and difficulty relief of state-owned enterprises. It was converted into a joint stock limited company upon the approval of the State Council on September 28, 2012. On October 30, 2015, the Company was listed on the Main Board of the HKEX. In March 2022, the Party Committee of the Company was put under the management of the Party Committee of CITIC Group Corporation. In January 2024, the Company officially changed its name to “China CITIC Financial Asset Management Co., Ltd.”. Currently, major Shareholders of the Company include CITIC Group Corporation, the MOF, China Insurance Rongxin Private Fund Co., Ltd., and China Life Insurance (Group) Company.

　　The Company mainly engages in such businesses as distressed asset management, and asset management and investment business, with distressed asset management being its core business which covers four functions of “disposal of troubled assets, revitalization of problematic projects, restructuring of struggling enterprises and relief of institutions in crisis”. As of December 31, 2024, the Company’s total consolidated assets amounted to RMB984.329 billion. In 2024, the Company achieved a net profit attributable to equity shareholders of RMB9.62 billion. Currently, CITIC Financial AMC has 33 branches with geographic coverage across 30 provinces, autonomous regions and municipalities in Chinese mainland as well as in Hong Kong and Macau SARs. Its platform subsidiaries include Rongde Asset, Industrial Company, China CITIC Financial AMC International Holdings Ltd., and Huitong Asset.

　　Looking forward, China CITIC Financial Asset Management will adhere to the national strategic positioning of financial asset management companies. Guided by its mission to “fulfill national strategies, serve the real economy, and resolve financial risks,” and driven by its vision to “focus on distressed asset management as its core business and become a top-tier financial asset management firm,” the Company will implement the working concept of “consolidating foundation, seeking progress while maintaining stability, and improving quality and efficiency”. Centered on the “One-Three-Five” strategic objectives, the Company will serve the real economy, prevent financial risks, deepen reform and transformation, and strive to pioneer a new phase of high-quality development.