Ping An China to cancel 102m A shares in September 2025

Ping An Insurance Group Company of China is set to cancel 102,592,612 A shares on September 3, 2025. These shares were repurchased under its 2021 A-share repurchase scheme. This action will reduce the company's total share capital from 18,210,234,607 shares to 18,107,641,995 shares. The decision was approved by the board of directors on March 19, 2025, and subsequently by various shareholder meetings on May 13, 2025.

Following the cancellation, the proportion of A shares within the total share capital will decrease from 59.10% to 58.87%, while H shares will see their proportion increase from 40.90% to 41.13%. The company has obtained approval from the National Financial Regulatory Administration and fulfilled all relevant notification requirements for creditors. No creditors have raised objections or demanded guarantees.

The company will proceed with necessary administrative procedures, including updating its articles of association and business registration to reflect the reduced registered capital. This move aligns with Ping An China’s previously disclosed plans to optimize its capital structure.