About PICC GROUP Company

The company is the first national insurance company in New China. It was founded in October 1949 and has now grown into a leading comprehensive insurance and financial group in China. It was listed on the Hong Kong Stock Exchange in December 2012 (H share stock code: 1339) and on the Shanghai Stock Exchange in November 2018 (A share stock code: 601319). The company was ranked 120th in the Fortune 500 in 2023. The Company operates the property insurance business in China through People's Insurance (listed on the Hong Kong Stock Exchange, stock code: 2328, the Company holds about 68.98% of the shares), and operates the property insurance business in Hong Kong, China and Macau, China through People's Insurance Hong Kong (the Company holds about 89.36% of the shares) and Human Health Insurance (the Company directly and indirectly holds about 95.45% of the shares); most of them through People's Insurance Assets (the Company holds 100% of the shares) An insurance asset management company that carries out centralized and specialized use management of insurance funds, carries out business such as corporate pensions and occupational annuities through human insurance (the company holds 100% of the shares), uses human insurance investment and control (the company holds 100% of the shares) as a specialized real estate and pension industry management platform, and uses human insurance capital (the company holds 100% of the shares) as an insurance asset management company focusing on other investment fields such as claims, equity, infrastructure, and private equity funds; carries out professional reinsurance business within and outside the group through People Insurance Reinsurance (the company directly and indirectly holds 100% of the shares); Insurance Technology (the company holds 100% of the shares) and People Insurance Financial Services (the company directly and indirectly holds 100% of the shares) coordinate the group's informatization construction to provide each group company with better technological services such as architecture management, infrastructure, application research and development, data empowerment, intelligent technology, shared operation, and innovation incubation to enable the group's digital development. The company's key competitive advantages include: We are the first national insurance company in New China, the founders and pioneers of the insurance industry in New China, and have a long and excellent brand; We are a comprehensive insurance and financial group with a prominent main business. We insist on being customer-centered to achieve cross-sector business collaboration; We adhere to the national strategy of serving the country, guarantee the real economy, serve people's livelihood and welfare, fulfill our social responsibilities, and strive to play the role of an economic “shock absorber” and social “stabilizer”; We have a diverse network of institutions and services rooted in urban and rural areas across the country, and a broad and deep customer base to achieve the integration of policy insurance business and commercial insurance business; We have a world-class property insurance company and Asia's top property insurance company, with obvious advantages in scale, cost and service, and outstanding profitability; We have a life insurance company with a national layout, steady development, continuous profit, and a sound operating platform, with great potential for value creation and profitability; We have the first national professional health insurance company, with outstanding professional capabilities, and built characteristic health management service capabilities; We have an industry-leading asset management platform, stable investment style and excellent investment performance; We have advanced and applicable information technology, actively deploy the field of technology, and have outstanding capabilities and potential advantages in data mining, customer insight, and intelligent operation; We have strong shareholder support, an experienced and insightful management team, and a team of highly qualified professionals.