Announcement on Adjustment of Equity in the Pension Insurance Subsidiary

Explanation of Restructuring the Shareholding Structure of the Pension Insurance Subsidiary

Recently, an annuity subsidiary of a major insurance group completed its equity restructuring. This adjustment aims to streamline management chains, strengthen the group's strategic synergy in the pension finance sector, and enhance operational efficiency and risk control capabilities.

After the adjustment, the subsidiary remains under the group's control, with its core business qualifications and customer service system remaining stable. This change does not involve any modifications to product terms or alterations to existing policy benefits. The regulatory authorities have been notified in accordance with regulations, and all information disclosure obligations have been fulfilled.

• Optimize governance structure and clarify authority boundaries
• Enhance resource allocation flexibility and support long-term growth
• Ensure existing customers' benefits remain unaffected