Guangzhou Rural Commercial Bank Co., Ltd. provided earnings guidance for the year ended December 31, 2021. The Group achieved steady growth, expecting an increase of 12%-15% for the total assets, an increase of 10%-12% for operating income. However, due to factors such as the complex and severe external environment and the impact of COVID-19, the Group made a larger amount of provision for asset impairment throughout the year to mitigate risky assets taking into account the principle of prudence and stability, and the net profit is expected to drop by 25% to 30% year on year.

In the future, the Group will fully consider the impact of changes in the economic environment on asset quality and financial performance, improve risk management and control capabilities, gradually improve operating efficiency, and better serve the real economy.