Core Viewpoint - AIA Group announced that the interim dividend of HKD 0.333 per share, declared on September 26, 2019, will be forfeited and returned to the company if not claimed by October 31, 2025 [1] Summary by Category - **Dividend Announcement** - AIA Group declared an interim dividend of HKD 0.333 per share on September 26, 2019 [1] - The unclaimed dividend will be forfeited and returned to the company after October 31, 2025 [1]

AIA Group Limited 友 邦 保 險 控 股 有 限 公 司 （於香港註冊成立的有限公司） 股份代號：1299（港幣櫃台）及 81299（人民幣櫃台） 董事名單與其角色和職能 友邦 保 險控 股 有限 公司 董 事會 成 員載 列如 下 ： 獨 立 非 執 行 主席 及 獨 立 非 執 行 董事 杜嘉 祺 爵士 執行董事 李源 祥 先生 （ 集團 首席 執 行官 兼 總裁 ） 獨 立 非 執 行 董事 蘇澤 光 先生 周松 崗 爵士 John Barrie HARRISON先生 楊榮 文 先生 劉遵 義 教授 Narongchai AKRASANEE博士 Cesar Velasquez PURISIMA先生 Mari Elka PANGESTU女 士 王宗 智 先生 Nor Shamsiah MOHD YUNUS女 士 董事 會 轄下 之 四個 委員 會 的 董 事 成員 載列 如 下： 審核委員會 Cesar Velasquez PURISIMA先生 （ 主席 ） John Barrie HARRISON先生 蘇澤 光 先生 楊榮 文 先生 Narongchai AKRASANEE博士 Mar ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 本公告僅供參考，並不構成任何人士收購、購買或認購證券的邀請或要約。本公告並非亦無意作為在美國 發售本公司證券供出售的要約。本公司證券並無亦不會根據 1933 年美國證券法（經修訂）（「美國證券 法」）登記，且不得未根據美國證券法登記或適用豁免登記規定而在美國發售或出售。本公司證券並無亦 無計劃在美國公開發售。 於本公告日期，董事會由下列人士組成： 承董事會命 集團公司秘書 包婷婷 執行董事、集團首席執行官兼總裁： 李源祥先生 香港，2025 年 9 月 30 日 AIA Group Limited 友 邦 保 險 控 股 有 限 公 司 （於香港註冊成立的有限公司） 股份代號：1299（港幣櫃台）及 81299（人民幣櫃台） 沒收未領取的2019年中期股息 根據友邦保險控股有限公司（「本公司」）的組織章程細則第 142 條，凡自應付日起 六年內尚無人領取的股息，本公司董事可全部予以沒收，撥歸本公司所有。 ...

Core Insights - AIA Life's management restructuring is triggered by the resignation of Jiang Limin, who has been with the company for over 20 years, effective October 1, 2025 [1][2] - The company is expanding its regional operations, with plans to establish new branches in several provinces, including Sichuan, Hubei, Henan, Hebei, and Tianjin, and has received approval to set up branches in Anhui, Shandong, Chongqing, and Zhejiang by Q4 2024 [1][2] - The new management appointments include Liu Xingke as the General Manager of the Guangdong branch and Ye Gang as the General Manager of the Shenzhen branch, both of whom have experience in branch establishment [1][2] Company Performance - As of Q2 2025, AIA Life reported a comprehensive solvency adequacy ratio of 410.03% and a core solvency adequacy ratio of 287.82%, maintaining a AAA risk rating for two consecutive quarters [3] - In the first half of 2025, the new business value from the nine newly established branches amounted to $6.1 million, representing 8% of AIA Life's total new business value [3] Future Plans - AIA Life aims to add 1-2 provincial branches annually and targets a compound annual growth rate of 40% for new market and business value from 2025 to 2030 [2]

Market Overview - The Hang Seng Index (HSI) closed at 26,665.59, up by 42.71 points or 0.16% on September 29 [1] - The index reached a high of 26,699.71 and a low of 26,495.38 during the trading session, with a trading volume of 61.6389 million [1] - The 52-week high for the index is 26,915.35, while the 52-week low is 18,856.77, indicating a trading range of 0.77% [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 109.701, up 0.83% from the previous close [2] - Tencent Holdings closed at HKD 661.446, reflecting a 0.22% increase from the previous close [2] ADR and Stock Price Movements - Tencent Holdings (ADR) increased by 2.48% to HKD 660.000, with an ADR conversion price of HKD 661.446, showing a rise of HKD 1.446 compared to its Hong Kong stock price [3] - Alibaba Group (ADR) rose by 4.14% to HKD 173.400, with an ADR conversion price of HKD 175.032, indicating an increase of HKD 1.632 [3] - HSBC Holdings (ADR) saw a 1.97% increase to HKD 108.800, with an ADR conversion price of HKD 109.701, up by HKD 0.901 [3] - Other notable movements include a 2.66% increase for Trip.com Group and a 3.09% increase for JD.com [3]

Core Insights - The Federal Reserve's recent interest rate cut is expected to lead to adjustments in Hong Kong's savings insurance products, with potential reductions in guaranteed interest rates and first-year discounts starting in October [3][5][10]. Group 1: Interest Rate Changes - Following the Federal Reserve's decision to cut rates, JPMorgan anticipates two more cuts this year, totaling 50 basis points [3]. - Current guaranteed interest rates of 4.3%-5% may be reduced to below 3% after October, with some insurers likely tightening first-year bonuses and discounts [5][9]. Group 2: Impact on AIA and Other Insurers - AIA is reportedly planning to cancel its prepayment guarantee rate offer after October, which could significantly affect returns for policyholders [5][10]. - For example, a policy with a total premium of $200,000 over five years could see a reduction in total interest earnings from $103,151 (approximately 51.5% of the first-year premium) to a much lower figure if the guarantee is removed [5][8]. Group 3: AIA's Competitive Position - AIA's "Universal Income" savings insurance product is highlighted for its strong performance and reliability, boasting a total asset base of $305.5 billion and a solvency ratio exceeding 250% [10]. - The product offers a long-term return potential of up to 6.5%, making it competitive in the market [11][12]. Group 4: Flexibility and Withdrawal Options - AIA's policies provide flexible withdrawal options that do not affect the remaining capital's growth, catering to various financial needs such as education, retirement, and inheritance [13]. - The policy allows for significant withdrawals while maintaining a growing balance, making it suitable for long-term financial planning [13]. Group 5: Investment Strategy Post-Rate Cut - With the anticipated decline in bank interest rates, it is advised to diversify investments across short, medium, and long-term assets rather than relying solely on bank deposits [14]. - AIA's savings insurance is positioned as a viable alternative, offering high returns, low risk, and liquidity that traditional bank products may not provide [14].

Market Overview - The Hang Seng Index (HSI) closed at 26,253.57, up by 125.37 points or 0.48% as of September 26, 16:00 [1] - The index reached a high of 26,319.20 and a low of 26,156.64 during the trading session, with a trading volume of 63.71 million [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 108.633, an increase of 1.081% from the previous close [2] - Tencent Holdings closed at HKD 648.733, up by 0.73% compared to the last trading session [2] ADR Performance Summary - Tencent Holdings (ADR: TCEHY) increased by HKD 4.733, or 0.73% [3] - Alibaba Group (ADR: BABA) rose by HKD 0.672, or 0.40% [3] - HSBC Holdings (ADR: HSBC) saw an increase of HKD 1.933, or 1.81% [3] - Xiaomi Group (ADR: XIACY) gained HKD 0.584, or 1.07% [3] - AIA Group (ADR: AAGIY) increased by HKD 0.222, or 0.31% [3] - Meituan (ADR: MPNGY) rose by HKD 0.534, or 0.53% [3] - Ctrip Group (ADR: TCOM) increased by HKD 8.120, or 1.39% [3] - JD.com (ADR: ID) rose by HKD 1.696, or 1.28% [3]

Market Overview - The Hang Seng Index closed at 26,404.18, down by 80.50 points or 0.30% on September 25 [1] - The index reached a high of 26,430.39 and a low of 26,319.63 during the trading session, with a trading volume of 66.046 million shares [1] Major Stocks Performance - HSBC Holdings closed at HKD 107.287, up by 0.17% compared to the previous close [2] - Tencent Holdings closed at HKD 648.343, down by 0.25% compared to the previous close [2] - Alibaba Group (W) saw a decline of 1.15%, closing at HKD 172.000 [3] - China Construction Bank dropped by 2.28%, closing at HKD 7.300 [3] - Xiaomi Group (W) increased by 4.48%, closing at HKD 59.450 [3] ADR Performance - Tencent's ADR price was USD 648.343, reflecting a decrease of 0.25% compared to its Hong Kong stock price [3] - Alibaba's ADR price was USD 170.695, down by 0.76% compared to its Hong Kong stock price [3] - HSBC's ADR price was USD 107.287, showing an increase of 0.17% compared to its Hong Kong stock price [3]

Core Insights - The new business value of listed life insurance companies in China saw a significant increase of 31.3% in the first half of 2025, with all but one company achieving double-digit growth [1][24][26]. New Business Value - In the first half of 2025, the new business value for listed life insurance companies totaled 933 billion yuan, with notable growth from major players such as China Life (285 billion yuan, +20.3%) and Ping An Life (223 billion yuan, +39.8%) [24][25]. - The overall new business value rate for the industry increased by 6.7 percentage points, reaching a weighted average of 27.8% [30][34]. New Single Premiums - The total new single premium income for listed life insurance companies in the first half of 2025 was 5,227 billion yuan, reflecting a year-on-year growth of 7.8% [38]. - However, the agent channel saw a decline of 13.8% in new single premiums, while the bancassurance channel experienced a robust growth of 61.1% [8][16][40]. Factors Influencing Growth - The increase in new business value and value rate is attributed to the adjustment of preset interest rates and the implementation of cost control policies under the "reporting and operation integration" framework [4][14][34]. - The shift from guaranteed products to floating yield products has increased sales difficulty, impacting the attractiveness of insurance products [6][47]. Agent Channel Performance - The number of agents decreased by 2.9% to 1.605 million, with average productivity dropping by 11.3% to 139,000 yuan per agent [51][55]. - Despite the decline in agent numbers, the overall industry is showing resilience through the growth in the bancassurance channel, which compensates for the downturn in the agent channel [64].

Core Viewpoint - AIA Life Insurance has chosen to focus on "protection" as its core insurance principle, maintaining a commitment to traditional protection products like critical illness insurance, even amidst a low-interest rate environment and intense competition in the life insurance industry [1][5] Group 1: Health Service Strategy - AIA Life Insurance's health service system aims to provide comprehensive health protection, evolving from traditional claims payment to a full-spectrum health guardian role, covering prevention to rehabilitation [1][6] - The launch of new products like the "Ying Ruyi" critical illness plan and "Zhi Xuan Yi Sheng" medical insurance reflects a dual strategy of upgrading protection functions and deepening health services [1][6] - The company recognizes that health management services are becoming a strategic high ground for differentiation in the insurance industry, driven by increasing health awareness and an aging population [1][5] Group 2: Comprehensive Health Management System - AIA Life Insurance has developed a comprehensive health management system that addresses various customer needs across different life stages, focusing on prevention, diagnosis, treatment, and rehabilitation [6][7] - The health service system is designed to transition the role of insurance from merely a "payer" to a "guardian" of customer health, thereby reducing the likelihood of illness and claims while alleviating pressure on social medical resources [6][7] Group 3: Key Support Pillars - The health service strategy is supported by four key pillars: a quality resource network, a self-built professional team, continuous service innovation, and a rigorous quality management system [7][8] - AIA Life Insurance has established a medical network of over 1,400 institutions, including partnerships with top hospitals, ensuring customers have access to high-quality medical resources [7][8] Group 4: Integration of Services and Products - The integration of health services with insurance products enhances customer experience, transforming traditional critical illness insurance into a comprehensive offering that includes medical resources and rehabilitation support [11][12] - Collaboration between health management and insurance product development teams ensures that customer needs are met through tailored solutions, enhancing the overall value proposition [12][13] Group 5: Future Outlook and Challenges - AIA Life Insurance aims to deepen its resource advantages and leverage technology to provide distinctive and valuable services, while also focusing on global medical resources to enhance its health and elderly care service system [14] - The company acknowledges the challenges posed by supply-side instability and the need for differentiation in a competitive landscape, emphasizing the importance of customer-driven innovation [14]