Core Viewpoint - China Pacific Insurance (02601) is enhancing investor interaction by participating in the "2025 Shanghai Listed Companies Collective Reception Day and Mid-Year Performance Briefing" organized by regulatory and industry bodies [1] Group 1 - The event will be held online, allowing investors to participate via the "Panorama Roadshow" website [1] - The scheduled time for the event is September 19, 2025, from 15:00 to 17:00 [1] - Investors can submit questions until 14:00 on the same day to ensure targeted communication [1] Group 2 - Company executives will engage with investors regarding the company's 2025 semi-annual performance, governance, development strategy, and operational status [1] - The company encourages active participation from investors during the event [1]

Core Viewpoint - China Pacific Insurance (Group) Co., Ltd. is undergoing a significant change in its shareholder structure, with the transfer of state-owned shares aimed at optimizing capital layout and supporting the high-quality development of associated companies [1] Group 1: Shareholder Changes - Shanghai International Group Co., Ltd., a major shareholder holding over 5% of the company, plans to transfer 55.59 million A-shares (0.58% of total share capital) to Shanghai Jiushi Group Co., Ltd. and 10 million A-shares (0.10% of total share capital) to Shanghai Electric Group Co., Ltd. [1] - The share transfer is a non-compensatory transaction and does not involve a tender offer, with both parties having signed a transfer agreement [1] - The transfer of state-owned shares requires approval from the Shanghai State-owned Assets Supervision and Administration Commission [1]

Core Viewpoint - China Pacific Insurance (02601) is enhancing investor engagement by participating in the "2025 Shanghai Listed Companies Collective Reception Day and Mid-Year Performance Briefing" organized by regulatory and industry bodies [1] Group 1 - The event will be held online, allowing investors to participate via the "Panorama Roadshow" website [1] - The scheduled time for the event is September 19, 2025, from 15:00 to 17:00 [1] - Investors can submit questions until 14:00 on the same day to ensure focused communication [1] Group 2 - Company executives will address investor concerns regarding the 2025 mid-year performance, corporate governance, development strategy, and operational status [1] - The company encourages active participation from investors during the event [1]

Group 1 - The core point of the article is that Shanghai International Group Co., Ltd. plans to transfer its holdings of 55.59 million A-shares (0.58% of total share capital) of China Pacific Insurance (02601.HK) to Shanghai Jiushi (Group) Co., Ltd. and 10 million A-shares (0.10% of total share capital) to Shanghai Electric Group Co., Ltd. without compensation [1] - The transfer of state-owned equity is a non-compensatory action and does not involve a tender offer [1] - This change in shareholder equity will not result in the company losing its controlling shareholder or actual controller [1]

Core Viewpoint - China Pacific Insurance (Group) Co., Ltd. is undergoing a significant change in its shareholder structure due to the transfer of state-owned shares from Shanghai International Group to Shanghai Jiushi Group and Shanghai Electric Holding Group, aimed at optimizing the layout of state-owned capital in Shanghai [1] Group 1: Shareholder Changes - Shanghai International Group plans to transfer 55.59 million A-shares (0.58% of total share capital) to Jiushi Group and 10 million A-shares (0.10% of total share capital) to Electric Holding [1] - The transfer of state-owned shares is a non-compensatory action and does not involve a tender offer [1] - A non-compensatory transfer agreement has been signed between the transferring and receiving parties [1] Group 2: Regulatory Approval - The transfer of state-owned shares is subject to approval from the Shanghai State-owned Assets Supervision and Administration Commission [1]

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。 中國太平洋保險（集團）股份有限公司 CHINA PACIFIC INSURANCE (GROUP) CO., LTD. – 1 – 本 次 活 動 將 採 用 網 絡 遠 程 的 方 式 舉 行，投 資 者 可 登 錄「全 景 路 演」網 站 （http://rs.p5w.net）參 與 本 次 互 動 交 流，活 動 時 間 為2025年9月19日（週 五） 15:00-17:00。為 充 分 尊 重 投 資 者，提 升 交 流 的 針 對 性，投 資 者 可 於2025年 9月19日（週 五）14:00前訪問http://ir.p5w.net/zj/進 入 問 題 徵 集 專 題 頁 面。屆 時公司高管將在線就公司2025半 年 度 業 績、公 司 治 理、發 展 戰 略、經 營 狀 況 等 投 資 者 關 心 的 問 題，與 投 ...

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。 中國太平洋保險（集團）股份有限公司 CHINA PACIFIC INSURANCE (GROUP) CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：02601） 证券代码：601601 证券简称：中国太保 公告编号：2025-051 海外監管公告 本 公 告 乃 依 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》第13.10B條的披 露 義 務 而 作 出。 茲 載 列 該 公 告 如 下，僅 供 參 考。 承董事會命 中 國 太 平 洋 保 險（集 團）股 份 有 限 公 司 傅 帆 董事長 香 港，2025年9月16日 於 本 公 告 日 期，本 公 司 執 行 董 事 為 傅 帆 先 生 和 趙 永 剛 先 生；非 執 行 董 事 為 黃 迪 南 先 生、王 他 竽 先 生、陳 ...

Core Viewpoint - The surge in "zero-interest" convertible bonds in the Hong Kong stock market reflects a trend of innovative capital tools aiding high-quality development, with major companies like China Pacific Insurance leading the way in low-cost financing and strategic empowerment [1][2]. Group 1: Zero-Interest Convertible Bonds Issuance - China Pacific Insurance recently completed a record issuance of 155.56 billion HKD in zero-interest convertible bonds, marking the largest scale of such bonds in history and the first overseas convertible bond issuance by a state-owned financial enterprise [1][2]. - Other companies, including Baidu, Alibaba, and China Ping An, have also announced similar issuances, indicating a broader trend among Hong Kong-listed firms to utilize zero-interest bonds for capital structure optimization and strategic transformation [2][3]. Group 2: Market Dynamics and Investor Sentiment - The zero-interest design alleviates financial pressure on companies, particularly in the current low-interest-rate environment, and helps maintain stable equity structures by reducing immediate dilution effects compared to direct stock issuance [3][4]. - High conversion premiums associated with these bonds reflect market confidence in future stock price growth, with examples showing premiums of 25% for China Pacific Insurance and up to 48% for Alibaba's bonds [4][5]. Group 3: Impact on Economic Development - The funds raised through zero-interest convertible bonds are primarily directed towards emerging industries, enhancing companies' capital strength and supporting their valuation potential [6][7]. - The issuance of these bonds not only provides low-cost financing and strengthens core capital but also attracts international capital, thereby improving corporate governance and supporting the overall vitality and international appeal of the Hong Kong stock market [6][7].

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。 中 國 太 平 洋 保 險（集 團）股 份 有 限 公 司 中國太平洋保險（集團）股份有限公司 CHINA PACIFIC INSURANCE (GROUP) CO., LTD. 傅 帆 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02601） 海外監管公告 本 公 告 乃 依 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》第13.10B條的披 露 義 務 而 作 出。 茲 載 列 該 公 告 如 下，僅 供 參 考。 承董事會命 董事長 香 港，2025年9月15日 於 本 公 告 日 期，本 公 司 執 行 董 事 為 傅 帆 先 生 和 趙 永 剛 先 生；非 執 行 董 事 為 黃 迪 南 先 生、王 他 竽 先 生、陳 然 先 生、周 東 輝 先 生、路 巧 玲 女 士 和John Rob ...

Core Viewpoint - The issuance of "zero-interest" convertible bonds by Hong Kong-listed companies has gained significant attention this year, with major firms like China Pacific Insurance achieving record-breaking fundraising amounts, indicating a trend towards innovative financing tools to optimize capital structure and support strategic transformation [1][2]. Group 1: Zero-Interest Convertible Bonds Issuance - China Pacific Insurance recently completed a HKD 155.56 billion zero-interest convertible bond issuance, marking the largest scale of such bonds in history and setting multiple records in the Asia-Pacific financial sector [1][2]. - Other companies, including Baidu, Alibaba, and China Ping An, have also announced similar issuances, reflecting a broader trend among Hong Kong-listed firms to utilize zero-interest bonds for capital raising [2][3]. Group 2: Benefits of Zero-Interest Bonds - The zero-interest design alleviates financial pressure on companies by eliminating interest payments during the bond's term, which is particularly advantageous in the current low-interest-rate environment [3][4]. - Compared to direct stock issuance, convertible bonds mitigate the immediate dilution of existing shareholders' equity, maintaining a stable ownership structure [3][4]. - The efficient approval process for these bonds allows companies to quickly secure financing to support business development [3]. Group 3: Market Dynamics and Investor Sentiment - The high conversion premiums associated with zero-interest bonds reflect market confidence in the future growth of the issuing companies, as seen in the significant premiums set during recent issuances [4][5]. - The current favorable capital market environment has attracted a high proportion of long-term investors, indicating strong recognition of the long-term value of leading companies [5][6]. Group 4: Impact on Economic Development - The funds raised through zero-interest convertible bonds are primarily directed towards emerging industries, enhancing the capital strength of companies and supporting high-quality economic development [7][8]. - The issuance of these bonds not only provides financial support but also helps improve corporate governance and attract international capital, thereby boosting the overall vitality and international appeal of the Hong Kong stock market [7][8].