Ping An cancels treasury shares, adjusts convertible bond price

Ping An Insurance (Group) Company of China, Ltd. announced a reduction in its total issued share capital following the cancellation of repurchased A shares. As of September 3, 2025, the company cancelled 102,592,612 treasury A shares. This resulted in the number of issued A shares (excluding treasury shares) remaining at 10,660,065,083 and the total issued shares decreasing to 10,660,065,083. Prior to the cancellation, the company held 102,592,612 A shares in its repurchase securities account as of August 31, 2025.

Additionally, the conversion price for the $3.5bn 0.875% Convertible Bonds due 2029 (2024 Convertible Bonds) was adjusted to HK$41.19 per H share, effective May 24, 2025. This adjustment was made from the initial adjusted conversion price of HK$42.61 per H share, following the distribution of a final dividend of RMB1.62 per share (tax inclusive) for the year ended December 31, 2024, as approved by the AGM on May 13, 2025. The company also has HK$11.765bn Zero Coupon Convertible Bonds due 2030 (2025 Convertible Bonds) with a conversion price of HK$55.02.