China Pacific Insurance completes state-owned equity transfer

China Pacific Insurance (Group) Co., Ltd. announced on September 27, 2025, the completion of a gratuitous transfer of state-owned equity by Shanghai International Group, a shareholder holding over 5% of its shares. This transfer involved the reallocation of 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.

The equity transfer received approval from the Shanghai Municipal State-owned Assets Supervision and Administration Commission, with Shanghai International Group obtaining the non-trading transfer certificate from China Securities Depository and Clearing Corporation Limited, Shanghai Branch, on September 26, 2025.

Following the completion of this transfer, Shanghai International Group now directly holds 97,128,700 A shares and 213,043,400 H shares, totaling 959,554,607 shares (9.97% of total share capital) when including its consolidated subsidiaries. Shanghai Jiushi (Group) Co., Ltd. directly holds 146,539,460 A shares (1.52%), and Shanghai Electric Holdings Group Co., Ltd. directly holds 10,000,000 A shares (0.10%). China Pacific Insurance Group maintains no controlling shareholder or actual controller.