Recently, China Insurance Security Fund Co., Ltd. ("the Company" for short below) publicly listed and transferred the 6 billion shares (accounting for 39.19%) it holds in China Insurance¹ at the strike price of RMB14.405 billion, proving a premium of 99.97% over the asset valuation. The Company thus realized secure and stable exist of CISF, marking the Company its success in risk resolution of China Insurance.

Pursuant to relevant provisions, the said share transfer must be approved by the regulatory authority.

 1.China United Insurance Holding Company Limited and its controlling subsidiary, China United Property Insurance Company Limited.