Everest's 2024 annual shareholder letter

Everest has just released its 2024 annual letter. This letter is an important milestone for Everest as it represents our 10th shareholder letter and 3rd annual letter. These letters have witnessed Everest’s start-up journey under extremely tough times. Thank you, my shareholders and friends, for your continuous trust!

Everest faced considerable challenges in 2023, but 2024 provided somewhat of a comeback for Everest. Against a wide range of adverse circumstances, Everest forges ahead with full interest alignment, a long-term mindset, discipline, and transparency. Everest sticks to our commitment to do the right things in the right way for our shareholders for today and tomorrow.

As I have shared many times before, we obviously have little control over geopolitical uncertainties, macroeconomic trends, or volatile stock markets. We do, however, have complete control over our own mindset, behavior, and responsibility we relish.

Everest has the determination to go beyond the difficult conditions and strive to create long-term value for my shareholders. I believe when the clouds pass, Everest will resolve to emerge as a stronger fund.

As our 3-year performance milestone will soon arrive in less than 2 months’ time (in mid Mar 2025), I plan to host the 2025 annual shareholder meeting in the second half of February. To cater for the convenience of our shareholders’ transportation, let us have the event in Shenzhen. The details of the meeting will be shared with you once confirmed. Please stay tuned. I look forward to having you join us. Thank you!