Multiple trust companies achieved a "good start" in the first quarter.

Shaanxi Guotou Trust, Jianyuan Trust and other trust companies have shown impressive performance in the first quarter, with both operating income and net profit seeing growth. Huaxin Trust's total profit in the first quarter reached 31.26% of the annual budget, with its outstanding trust product scale reaching 503.8 billion RMB and awarded the highest AAA credit rating. The acceleration of risk mitigation in trust companies has been an important factor in improving their operational conditions since last year. Shaanxi Guotou Trust has undergone significant transformation in recent years, with its asset management trust scale reaching 3983.14 billion RMB, an 86% increase year-on-year. Jianyuan Trust manages trust assets worth 2532.12 billion RMB, a 78% increase from the beginning of the year, with asset service trusts becoming the "main force" driving its scale expansion. Under the guidance of the new "three classifications" regulations, the direction of transformation in the trust industry is becoming increasingly clear, especially with significant progress in experimental policies for equity trust and real estate trust property registration. This opens up further development space for core trust businesses, and the industry's transformation pace is expected to accelerate, with trust funds continuously flowing into the real economy.