China Re P&C redeems RMB4 bn capital bonds

China Property and Casualty Reinsurance Company Ltd. ("China Re P&C"), a subsidiary of China Reinsurance (Group) Corporation, has completed the redemption of its RMB4.0 billion capital supplementary bonds. The bonds were originally issued in the National Interbank Bond Market in November and December 2020.

The redemption was exercised conditionally at the end of the fifth year, in line with the terms outlined in the bonds' offering memorandum. The completion of this redemption followed necessary filings with the People's Bank of China and the National Financial Regulatory Administration.

This announcement, dated December 10, 2025, was made voluntarily by China Reinsurance (Group) Corporation. The company's board comprises executive directors Mr. Zhuang Qianzhi and Ms. Zhu Xiaoyun, non-executive directors Mr. Yang Changsong, Ms. Jia Xiangxiang, and Mr. Zhou Zheng, and independent non-executive directors Mr. Dai Deming, Ms. Ye Mei, and Mr. Keung Yui Fai.