PICC plans interim dividend and governance changes

The People's Insurance Company Group of China (PICC) will hold its second extraordinary general meeting of shareholders for 2025 on October 30, 2025, in Beijing. Key items on the agenda include a proposal for the 2025 interim profit distribution and revisions to the company's "Shareholder Authorization Scheme for the Board of Directors."

For the 2025 interim profit distribution, the board proposes a cash dividend of CNY 0.75 per 10 shares, totaling CNY 3.317 bn based on 44,223,990,583 shares. This distribution follows an audited net profit of CNY 5.656 bn for the parent company as of June 30, 2025, and leaves a remaining undistributed profit of CNY 4.630 bn. The board asserts that the company’s solvency will remain robust post-distribution, meeting regulatory requirements.

Additionally, the proposed revisions to the "Shareholder Authorization Scheme for the Board of Directors" aim to enhance corporate governance. These changes include consolidating authorization for external investments, asset disposal, write-offs, guarantees, and donations; refining external investment categories to include investment properties; and introducing new authorizations for institutional establishment, corporate governance, and daily operational management.