Ping An adjusts convertible bond prices, cancels A-shares

Ping An Insurance (Group) Company of China, Ltd. released its monthly return on movements in securities for September 2025, detailing changes to its capital structure. The company’s A-shares saw a decrease in total authorized/registered share capital by RMB 102,592,612, bringing the new total to RMB 10,660,065,083. This reduction was due to the cancellation of 102,592,612 A-shares on September 3, 2025. These shares were repurchased under the 2021 A Share Repurchase Plan and their cancellation was approved at the 2024 Annual General Meeting, the 2025 First A Shareholders' Class Meeting, and the 2025 First H Shareholders' Class Meeting.

In addition to the share cancellation, Ping An announced adjustments to the conversion prices of its convertible bonds. Effective September 19, 2025, the conversion price for the U.S.$3.5 bn 0.875% Convertible Bonds due 2029 (2024 Convertible Bonds) was adjusted from HK$41.19 per H Share to HK$40.49 per H Share. The conversion price for the HK$11.765 bn Zero Coupon Convertible Bonds due 2030 (2025 Convertible Bonds) was also adjusted from HK$55.02 per H Share to HK$54.00 per H Share. These adjustments followed the distribution of an interim dividend of RMB 0.95 per share for the six months ended June 30, 2025.

The total number of issued H-shares remained unchanged at 7,447,576,912. The total authorized/registered share capital for H-shares remains RMB 7,447,576,912. The overall total authorized/registered share capital at the end of the month stands at RMB 18,107,641,995.