眾安在綫財產保險股份有限公司 ZHONGAN ONLINE P & C INSURANCE CO., LTD.* （於中華人民共和國註冊成立的股份有限公司，並以「ZA Online Fintech P & C」在香港經營業務） （股份代號：6060） 提名與薪酬管理委員會職權範圍 眾安在綫財產保險股份有限公司（「本公司」）的提名與薪酬管理委員會（「委員會」）乃根據本 公司董事會（「董事會」）於2021年7月20日通過的決議案成立。下文載列委員會的經修訂職 權範圍（「職權範圍」）。 2.1. 委員會由三名及以上公司董事組成。 2.2. 委員會由董事會不時委任，須包含至少一名不同性別的董事，並由非執行董事及獨立 非執行董事組成。委員會大多數成員須為獨立非執行董事，彼等應符合上市規則（經 不時修訂）的獨立性規定。 2.3. 董事會須委任委員會的一名成員（須為獨立非執行董事）擔任主任（「主任」）。 3.1. 除本文另有指明外，本公司的公司章程（「章程」）（經不時修訂）所載有關規範董事會議 及議事程序的規定，適用於委員會的會議及議事程序。 3.2. 委員會成員可親身出席委員會會議，或通過其他電子溝通方式或由成員協定的其 ...

眾安在綫財產保險股份有限公司 ZHONGAN ONLINE P & C INSURANCE CO., LTD.* （於中華人民共和國註冊成立的股份有限公司，並以「ZA Online Fintech P & C」在香港經營業務） （股份代號：6060） 戰略與投資決策委員會職權範圍 眾安在綫財產保險股份有限公司（「本公司」）的戰略與投資決策委員會（「委員會」）乃根據本 公司董事會（「董事會」）於2021年7月20日通過的決議案成立。下文載列委員會的職權範圍 （「職權範圍」）。 2. 組成 – 1 – 1. 目的 1.1. 委員會成立的目的是就公司發展規劃、戰略資產規劃、投資策略及資產負債配置計 劃、資產負債管理、投資授權及管理體系、重大投資事項、ESG（環境、社會及管治） 管理等向董事會提供專業意見。 2.1. 委員會的組成應符合適用於本公司的法律及法規，包括香港聯合交易所有限公司證券 上市規則（「上市規則」）（經不時修訂）的任何適用規定。 2.2. 委員會包括由本公司董事組成的至少三名成員（因董事辭任導致成員少於三名除外）。 5. 報告程序 6. 權限 – 4 – 4.1. 委員會應可全面接觸管理層，並可邀請 ...

（於中華人民共和國註冊成立的股份有限公司，並以「ZA Online Fintech P & C」在香港經營業務） （股份代號：6060） 董事名單及董事的職責與職能 本公告發佈之日，眾安在綫財產保險股份有限公司（「本公司」）董事（「董事」）會（「董 事會」）的成員載列如下： 執行董事 姜興先生 李高峰先生 非執行董事 眾安在綫財產保險股份有限公司 ZHONGAN ONLINE P & C INSURANCE CO., LTD.* 尹海先生 （董事長） 歐亞平先生 史良洵先生 張爽先生 歐晉羿先生 獨立非執行董事 鄭慧恩女士 陳詠芝女士 蔡朝暉先生 歐偉先生 – 1 – 附註： C：相關董事會委員會的主任 M：相關董事會委員會的成員 承董事會命 眾安在綫財產保險股份有限公司 董事長 尹海 中國上海，2025年11月28日 – 2 – 自本公告發佈之日，本公司董事會委員會成員載列如下： 戰略與投資 決策委員會 提名與薪酬 管理委員會 審計與 消費者權益 保護委員會 風險管理 與關聯交易 控制委員會 姜興先生 M 李高峰先生 M 尹海先生 C 歐亞平先生 M 史良洵先生 M 張爽先生 M 歐晉羿先生 M 鄭慧恩女士 ...

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份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。 眾安在綫財產保險股份有限公司 ZHONGAN ONLINE P & C INSURANCE CO., LTD.* （於中華人民共和國註冊成立的股份有限公司，並以「ZA Online Fintech P & C」在香港經營業務） （股份代號：6060） 選 舉 董 事 長； 尹先生的履歷詳情載列如下： 尹海，52歲，自2023年12月起出任本公司董事長。尹先生於2022年11月加入本公 司。彼亦是非執行董事及本公司董事會戰略與投資決策委員會主任。尹先生擁有北 京外國語學院英語學士學位及北京大學民商法碩士學位。尹先生曾任中國銀行股份 有限公司（一家於香港聯合交易所有限公司「( 聯交所」（股份代號： ) 03988）及上海證 券交易所（股份代號：601988）上市的公司）總行資金部交易員、總行資金部策略分 – 1 – 析師、倫敦分行資本市場部外匯交易主管、華泰資產管理有限公司總監、華泰財產 保險有限公司營銷總 ...

"凌晨1点47分，我妈在浴室摔倒，我却只能在北京的出租屋里对着手机干瞪眼。"一位年过三十的大厂 员工李先生把这段经历发在小红书，引发7.3万点赞。评论区里，满是同龄人的同款叹息。 风险预防+实时守护，给远方子女一份安心 除经济补偿外，"爸妈安康保·骨折险"更注重构建"预防-监测-响应"完整闭环。在风险预防层面，产品提 供含骨密度检测的中老年体检套餐，可早期预警骨质疏松风险；同时赠送中老年行动辅助设备（助浴 凳），从物理层面降低浴室跌倒概率。在风险监测环节，配备WIFI版智能一键报警器，支持拉绳、按 键及语音识别报警，解决老人跌倒后无法及时求助的核心痛点。 "异地尽孝"已成为当代年轻人的现实写照。在小红书，该话题浏览量超5亿，每月新增笔记过万。高赞 内容将远程尽孝标配总结为：可视门铃+智能药盒+一键报警器+陪诊服务+家庭群打卡。 近日，众安保险洞察到这一社会痛点，推出"爸妈安康保·骨折险"，聚焦独居老人的安全保障与照护真 空，为异地子女提供切实可行的解决方案。 爸妈安康保双重保障破解独居父母照护难题 随着我国老龄化程度持续加深，65岁以上老年人口已超1.9亿，独居老人比例逐年攀升。"父母年纪大 了，最怕他们在家 ...

本报讯 （记者杨笑寒）近日，众安在线财产保险股份有限公司（以下简称"众安保险"）推出"爸妈安康 保·骨折险"，聚焦独居老人的安全保障与照护真空，将保障重心从"财务补偿"升级为"全流程保障"，覆 盖"意外—治疗—康复—预防"四个环节，产品投保与理赔流程支持子女远程为父母办理。 众安保险表示，从财务补偿到风险预防，从经济赔偿到服务闭环，众安"爸妈安康保·骨折险"不仅为老 人提供了保障，更为无数异地家庭带来一份可感的安心。 财产保障方面，产品责任覆盖房屋主体、室内装潢、水管爆裂、家用电器损坏、室内盗抢及电信诈骗盗 刷等常见独居风险。 人身保障方面，老人若因意外骨折住院，可一次性获赔付限额2万元，并享有每日80元住院津贴，最长 180天。进入手术康复阶段后，无论是否达到伤残评级，均可启动"百日守护"计划，提供合计不超过100 天的护工服务。 ...

Investment Rating - The investment rating for ZhongAn Online P&C Insurance is "Buy" with a target price of HK$24.00, representing an expected share price return of 46.4% [5]. Core Insights - The company aims to maintain a combined ratio (CoR) of approximately 95-96% in its domestic P&C insurance business, with significant growth opportunities identified in health, innovative, and auto insurance sectors [2]. - The customer base of ZA Bank has expanded to 1.2 million, with expectations to break even in FY25E, driven by the launch of H-share trading services and a focus on retail customers [3]. - Management anticipates notable improvement in FY25E net profit due to stabilized profitability in domestic underwriting, breakeven of ZA Bank, and increased investment returns [4]. Summary by Sections Domestic P&C Insurance Business - Management expects ample opportunities in health insurance driven by regulatory support and product offerings, pet insurance expansion, and rapid growth in auto insurance due to online purchase penetration and expense rationalization [2]. - The CoR for auto insurance was reported at 91% in 1H25, attributed to a higher mix of household vehicles [2]. ZA Bank - ZA Bank's customer base grew from approximately 1 million to 1.2 million, with plans to target foreign passport holders in 2026E [3]. - The number of wealth management accounts exceeded 300,000, and customer acquisition costs have significantly decreased [3]. Financial Performance - Management expects a notable improvement in FY25E net profit, driven by the stabilization of the domestic underwriting business and narrowing losses in the technology segment [4].

Core Insights - The recent default incident involving Baibaokun has attracted significant public attention, highlighting issues within the company's operational model and financial stability [1][3]. Company Overview - Baibaokun was established in October 2020 by ZhongAn Technology, aiming to create a data-driven algorithmic insurance platform that leverages technology to meet digital health needs and offers a "help buy" model for users [1]. - The company operates by selling rights, offering excess recharge cards, and providing redeemable points to attract users [3]. Financial Issues - Since September, multiple users have reported that the recharge cards provided by Baibaokun are not being honored, leading to over 40 complaints by November 18, with amounts ranging from thousands to tens of thousands of yuan [3]. - The legal representative and CEO, Li Xuefeng, has been taken into police custody, with the involved amount potentially exceeding 100 million yuan [3]. Shareholder Structure - Baibaokun is operated by Baibao (Shanghai) Technology Co., with its top five shareholders including ZhongAn Information Technology Service Co. (24.68%), Li Xuefeng (21.33%), and others [3]. - ZhongAn Information Technology Service Co., established in 2016, is a wholly-owned subsidiary of ZhongAn Insurance, which is backed by major shareholders including Ping An Insurance, Tencent, and Ant Group [4]. Management Background - Li Xuefeng, the second-largest shareholder and CEO of Baibaokun, has a background with ZhongAn Technology and has previously worked at J.P. Morgan, Amazon, Southeast Rongtong, and Alibaba [4]. - ZhongAn Insurance stated that while it invested in Baibaokun through intangible asset valuation, it did not participate in the actual management of the company [4].

Core Insights - The average car insurance premium among 67 companies for the first three quarters is 2079 yuan, with a median of 1836.89 yuan, indicating significant structural differentiation in pricing strategies across different types of insurers [2][4] - The highest car insurance premium reported is 5700 yuan by Modern Insurance, while the lowest is 850 yuan by Dubang Insurance, reflecting a competitive market with a concentration of premiums between 1000 yuan and 3000 yuan, which accounts for 74.7% of the total [1][2] - The future of car insurance pricing is expected to be influenced significantly by the growth of the new energy vehicle (NEV) insurance market, driven by policy optimization, reduced repair costs, and advancements in risk control technology [1][4] Industry Overview - The car insurance market shows a notable structural balance under competitive conditions, with 28 companies reporting premiums above the industry average [2] - 25 companies experienced a year-on-year increase in car insurance premiums, while 36 companies saw a decline, indicating varied performance across the sector [2] - The NEV insurance market is becoming a core driver for premium growth, with the number of NEVs in China reaching 36.89 million by mid-2025, accounting for 10.27% of the total vehicle population [4][6] New Energy Vehicle Insurance - NEV insurance premiums are currently high due to the elevated costs of core components and repair expenses compared to traditional fuel vehicles, leading to increased claims rates [4][6] - The insurance industry is facing challenges with underwriting losses in NEV insurance, with a reported loss of 5.7 billion yuan in 2024, necessitating higher premiums to balance costs [4][6] - Recent regulatory changes aim to enhance the quality and efficiency of NEV insurance, promoting collaboration between car manufacturers and insurers to improve risk pricing [5][6]

Core Viewpoint - The "Baibaokun redemption crisis" has gained significant attention on social media, with users expressing concerns about the inability to redeem their purchased benefits for JD.com gift cards [1][4]. Company Overview - Baibaokun is a health service search engine under Baibao (Shanghai) Technology Co., Ltd., primarily focused on advertising and customer acquisition [1]. - The company has been operational for five years but has recently encountered serious issues [2]. Operational Issues - The original office location was vacated by September, indicating potential operational shutdown [3][5]. - Users in various online groups are reporting difficulties in redeeming their gift cards, with some claiming they have not received the full amount promised [4]. Business Model - Baibaokun's business model involves selling benefit products with high return rates in the form of JD.com gift cards, which has attracted users seeking financial incentives [7][8]. - For example, a product priced at 2,690 yuan offers a return of 500 yuan in gift cards for each of the six installments, effectively providing a free insurance policy along with additional value [7]. User Engagement and Incentives - The platform also offers a points system where users can earn points through purchases and referrals, further incentivizing engagement [10][11]. - Many users have accumulated significant numbers of gift cards, leading to concerns about the platform's ability to fulfill these promises [8]. Legal and Regulatory Concerns - Legal experts suggest that Baibaokun's operations may constitute illegal fundraising or investment fraud due to the characteristics of its business model, which resembles a Ponzi scheme [12]. - The platform's promise of high returns and the structure of its financial operations raise red flags regarding compliance with financial regulations [12]. Corporate Response - Zhong An Insurance, which initially backed Baibaokun, has reportedly transferred all shares of the operating company and claims to be a victim in this situation [14][15]. - The legal implications of this transfer and the responsibilities of Zhong An Insurance in relation to Baibaokun's operations are still under scrutiny [15].