China Pacific Insurance: State-owned shareholders adjust stakes in share transfer

Shanghai International Group (SIG), a major shareholder in China Pacific Insurance (Group) Co., Ltd., will transfer 55,590,000 A-shares (0.58% of total share capital) to Shanghai Jiushi (Group) Co., Ltd. and 10,000,000 A-shares (0.10% of total share capital) to Shanghai Electric Holdings Group Co., Ltd. These transfers, conducted without compensation, aim to optimize state-owned capital allocation and support the development of Jiushi Group and Electric Holdings.

Following these transfers, SIG's total A-share holdings in China Pacific Insurance will decrease from 805,672,807 shares (8.37%) to 740,082,807 shares (7.69%). SIG's overall stake, including H-shares, will fall from 10.66% to 9.97%. The transaction requires approval from the Shanghai State-owned Assets Supervision and Administration Commission.

Jiushi Group and Electric Holdings have pledged not to reduce their newly acquired shares for 12 months post-transfer. This equity change will not affect the company's controlling shareholder or actual controller status and is not expected to materially impact its daily operations or business structure.