During the year 2018 under review, under the leadership and support of the Board and the guidance of the strategic framework of “Finance + Industry”, Far East Horizon Limited (the “Group” or “Far East Horizon”) continued to implement the principle of healthy operation, strengthen its strategic guidance, focus on reducing operational risks and improve asset security. Hence, the Group delivered outstanding results once again last year. As at the end of 2018, the Group’s total assets reached approximately RMB265.9 billion, representing a year-on-year increase of approximately 16.9%. The operating revenue for the year amounted to approximately RMB25.4 billion, representing a year-on-year increase of approximately 35.1%. Net profit attributable to ordinary shareholders for the year amounted to approximately RMB3.93 billion, representing a year-on-year increase of approximately 21.6%. The Group had been duly fulfilling its commitment to shareholders in more than a decade. Thanks to its brilliant results consistently delivered over the years, Far East Horizon became one of the China Fortune 500 and Forbes Global 2000 once again, reflecting the Group’s efforts made to become a financial institution that creates sustainable, effective and ever-increasing value, which had been recognized in the global market.

     As a party benefiting from the reform and opening up of the Chinese economy, as well as a participant in economic development, the Group had increased its services offered and participation in major industries that were related to public livelihood last year. In 2018, amid the severe market volatility and the increasing risk exposures, the operating system of the Group was under greater pressure with more challenges. However, by consolidating competitive resources in respect of industries, the market and customers, and fully exploiting the organic coordination and promotion between finance and industries, leveraging the dedicated works of all staff to overcome difficulties, the Group successfully achieved major business objectives, provided that assets remained secured and steady. As at the end of 2018, the Group’s interest-earning assets exceeded RMB223.9 billion, with the rate of non-performing assets for the year was maintained at an optimal level of 0.96%. The provision coverage rate for non-performing assets rose to 236.73%. Liquidity and interest rate risk management remained stable and controllable. The aforementioned performance reflected the resilience, fineness and synergy of the strong systematic capability of the Group established over the years in response to market changes.