China Pacific Insurance plans HK$ convertible bond issuance

China Pacific Insurance (Group) Co., Ltd. announced on September 11, 2025, that its board approved the proposal to issue HK$-denominated convertible bonds. These bonds, along with their H-shares upon conversion, are intended to be listed on The Stock Exchange of Hong Kong Limited.

The proposed convertible bonds will be offered to professional investors outside the United States under Regulation S of the U.S. Securities Act. They will not be sold to the public or related parties in Hong Kong. The pricing and conversion terms will be determined by joint global coordinators, bookrunners, and lead managers. The net proceeds are earmarked for supporting the company's core insurance business, advancing its "Big Health, AI+, Internationalization" strategies, and supplementing general working capital.

As of the announcement date, final agreements for the issuance are pending. The company will seek approval from the Hong Kong Stock Exchange for the listing and trading of the convertible bonds and the H-shares issued upon conversion. Further announcements will be made once a subscription agreement is signed.