根據香港聯合交易所有限公司證券上市規則（「上市規則」）、本公司的組織章程細則以及公司條例（香港法例第 622 章）（連同已於 2025 年 4 月 17 日生效的《2025 年公司（修訂）條例》），現謹此通知 閣下，本公司已採用以電子方式發佈公司通訊( 附 註 )之安排，即本公司將透過本公 司及披露易網站發佈所有未來的公司通訊，並僅會應要求才提供印刷本。 請注意，所有未來公司通訊的英文版和中文版將在本公司網站 www.ctih.cntaiping.com 及披露易網站 www.hkexnews.hk 上提供，以代替印刷 本。 徵集電子聯絡資料 (Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） (Stock code 股份代號：966) 通 知 信 函 各位登記股東： 中國太平保險控股有限公司（「本公司」） – 2025 年中期報告（「本次公司通訊文件」）之發佈通知 本公司的本次公司通訊文件備有中、英文版本，並已上載於本公司網站 www.ctih.cntaiping.com 和披露易網站 www.hkexnews.hk，歡迎瀏覽。 ...

CONTENT 目錄 Financial Statements 財務報告 | | Condensed Consolidated Statement of Profit or Loss 簡明綜合損益表 | | 3 | | --- | --- | --- | --- | | | Condensed Consolidated Statement of Profit or Loss and | | | | | Other Comprehensive Income 簡明綜合損益及其他綜合收益表 | | 4 | | | Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 | | 5 | | | Condensed Consolidated Statement of Changes in Equity 簡明綜合權益變動表 | | 7 | | | Condensed Consolidated Statement of Cash Flows 簡明綜合現金流量表 | | 9 | | | Notes to the Unaudited Condensed ...

（於香港註冊成立之有限公司） （股份代號：966） 董事名單與其角色和職能 | | 委員會 | 審計委員會 | 提名薪酬 | 風險管理 | 戰略與投資 | | --- | --- | --- | --- | --- | --- | | | | | 委員會 | 委員會 | 委員會 | | 董事 | | | | | | | 尹兆君先生 | | | | | C | | 李可東先生 | | | | M | M | | 那豔芳女士 | | | M | M | M | | 郭兆旭先生 | | | | M | | | 胡興國先生 | | M | | | M | | 張翠女士 | | M | | M | | | 周梁剛先生 | | | | | M | | 羅范椒芬女士 | | M | M | | | | 劉怡女士 | | C | | | | | 邵善波先生 | | M | C | | | | 蔡洪平先生 | | M | | C | | 附註： 尹兆君先生 董事長 李可東先生 副董事長及總經理 那豔芳女士 非執行董事 郭兆旭先生 胡興國先生 張翠女士 周梁剛先生 獨立非執行董事 羅范椒芬女士 劉怡女士 邵善波先生 蔡洪平先生 ...

那女士的履歷載列如下： 執行董事 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。 （於香港註冊成立之有限公司） （股份代號：966） 公告 委任執行董事及董事會附屬委員會成員變更 中國太平保險控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」） 謹此宣佈委任那豔芳女士（「那女士」）為本公司執行董事及提名薪酬委員會、風險管理委員 會、戰略與投資委員會成員，以及董事長尹兆君先生不再擔任本公司提名薪酬委員會成員， 由 2025 年 9 月 25 日起生效。 除上述所披露外，於本公告日期，那女士(i)與本公司任何董事、高級管理人員、主要股東或 控股股東（根據香港聯合交易所有限公司證券上市規則（「上市規則」）的定義）並無任何關 係；(ii)並無持有需要根據《證券及期貨條例》（香港法律第 571 章）第 XV 部作出申報之本 公司股份權益；及(iii)概無根據上市規則第 13.51(2)(h)至(v)條的規定須予披露的資料，或其 他與委任 ...

Core Viewpoint - China Taiping Insurance Group has released the "China Taiping Participation in the Guangdong-Hong Kong-Macao Greater Bay Area Construction White Paper (2025 Edition)", marking its second release since 2019, highlighting its commitment to the development of the Greater Bay Area [1] Group 1: Financial Contributions - The white paper outlines efforts in five key financial areas, including supporting high-level opening up and the construction of Hong Kong as an international financial center [1] - It emphasizes the issuance of catastrophe bonds and conducting research on catastrophe risks in Hong Kong as part of its financial services [1] Group 2: Specific Initiatives - The document details 25 initiatives, such as cross-border motor vehicle insurance services to enhance connectivity among the three regions of Guangdong, Hong Kong, and Macao [1] - It includes the "Hong Kong People Bay Area Pension Taiping Plan" and the "Cooperation in Traditional Chinese Medicine Technology Industrial Park in Hengqin" as part of its support for diverse development in Macao [1] Group 3: Strategic Goals - China Taiping aims to align with national policies and focus on serving the modernization of China, emphasizing the political and people-oriented nature of financial work [1] - The company is committed to high-quality development and aims to strengthen resource investment and innovation to support the Greater Bay Area's construction [1]

Core Viewpoint - Morgan Stanley's report indicates that China Taiping's stock has fallen 18% since the mid-year results announcement on August 28, underperforming the market due to weakened investor confidence in its beta strategy theme [1] Summary by Relevant Sections Stock Performance - China Taiping's stock has experienced a cumulative decline of 18% since the announcement of its mid-year results on August 28, which is significantly lower than the market performance [1] Analyst Rating - Morgan Stanley maintains a "Reduce" rating for China Taiping, highlighting two major downside risks that could persist until the end of the year: unadjusted earnings forecasts and a bleak yield outlook [1] Price Target Adjustment - The target price for China Taiping has been revised from HKD 8.2 to HKD 9.4, with the timeframe for this target extended to June of the following year [1]

Group 1 - The core viewpoint of the article is the progress report on the rectification of issues identified during the inspection of China Taiping Insurance Group, emphasizing the importance of political loyalty and responsibility in implementing corrective actions [1][2][3]. Group 2 - The company has strengthened its ideological understanding by conducting various learning sessions focused on Xi Jinping's important thoughts on party building and self-revolution, recognizing that rectification is an opportunity for reform and problem-solving [2][3]. - The company has reinforced responsibility implementation by holding meetings to convey central decisions, developing rectification plans, and ensuring that all departments and subsidiaries are accountable for their respective rectification responsibilities [3][4]. - A systematic approach to rectification has been adopted, combining key and comprehensive rectification efforts, with a focus on collaboration and supervision from various levels of the organization [4]. Group 3 - The company is committed to implementing major decisions from the central government, enhancing its role as a central financial enterprise in Hong Kong, and actively participating in national strategies such as the Greater Bay Area initiative [5][6]. - The company aims to improve its governance capabilities by optimizing management structures, enhancing compliance controls, and strengthening risk identification and prevention mechanisms [8][11]. Group 4 - The company is focused on enhancing its talent pool and grassroots party organization, emphasizing the selection of capable leaders and the development of young talent to strengthen its overall leadership [9][10]. - The company is dedicated to addressing common issues proactively, such as reducing the administrative burden on grassroots levels and improving political capabilities through continuous learning and evaluation of strategic plans [10][12]. Group 5 - The company plans to maintain a long-term commitment to rectification tasks, ensuring that all issues are addressed thoroughly and effectively, while also focusing on the application of rectification results to promote high-quality development [11][14].

Core Viewpoint - The Central Commission for Discipline Inspection has initiated a comprehensive inspection and rectification process for China Taiping Insurance Group, emphasizing the importance of political responsibility and the implementation of corrective measures to enhance governance and operational efficiency [1][2]. Group 1: Responsibility and Governance - China Taiping's Party Committee is guided by Xi Jinping's thoughts and has committed to implementing the decisions from the 20th National Congress and the Central Financial Work Conference, enhancing political awareness and responsibility in rectification efforts [2][3]. - The Party Committee has established a systematic approach to rectify issues, including holding meetings to discuss and implement corrective actions, and ensuring that all departments and subsidiaries are accountable for their respective responsibilities [3][4]. Group 2: Systematic Rectification - The Party Committee emphasizes a combination of targeted and comprehensive rectification, ensuring that key issues are addressed while also promoting overall improvement across the organization [4]. - A robust mechanism for supervision and evaluation has been established, integrating rectification efforts into performance assessments to ensure accountability [5]. Group 3: Implementation of Central Policies - China Taiping is actively implementing major decisions from the Central Government, focusing on enhancing its role as a central financial enterprise in Hong Kong and participating in significant national strategies such as the Greater Bay Area initiative [6]. - The company is committed to supporting rural revitalization and increasing investments in key sectors, including technology and small and micro enterprises, to align with national development goals [6]. Group 4: Party Governance and Anti-Corruption Measures - The Party Committee has revised its responsibility framework for strict governance, focusing on enhancing supervision and accountability, particularly for key leadership positions [7][8]. - Continuous efforts are being made to strengthen the anti-corruption framework, including regular training and education on compliance with the Central Eight Regulations [8][9]. Group 5: Future Work Arrangements - The company plans to deepen the implementation of the 20th National Congress and Central Financial Work Conference directives, focusing on enhancing governance capabilities and risk management [14][15]. - There is a commitment to ongoing improvement in governance structures and processes, ensuring that the Party's leadership is integrated into all aspects of corporate governance [9][10].

Core Insights - Goldman Sachs has raised its net profit forecasts for China Taiping from 2025 to 2027 by 9% to 16% [1] - The forecast for book value has been increased by 1% to 3% [1] - The new business value (VONB) forecast has been adjusted upward by 9% to 13% [1] Financial Performance - The increase in net profit forecasts is primarily attributed to improved profitability of core subsidiaries [1] - The upward adjustment in VONB forecasts is due to enhanced profit margins resulting from product repricing [1] Ratings and Price Target - Despite the upward revisions, Goldman Sachs maintains a "Sell" rating on China Taiping [1] - The target price has been raised from HKD 11.8 to HKD 12.6 [1]

Core Viewpoint - Goldman Sachs updated its profit forecasts for China Taiping, raising the net profit predictions for 2025 to 2027 by 9% to 16%, primarily reflecting better-than-expected performance from core subsidiaries, partially offset by increased losses in other businesses [1] Group 1 - The forecast for book value has been increased by 1% to 3% [1] - The value of new business (VONB) predictions has been raised by 9% to 13%, mainly due to improved profit margins following product repricing last year and this year [1] - Goldman Sachs raised the target price for China Taiping from HKD 11.8 to HKD 12.6, reflecting the increase in profit forecasts, but maintained a "sell" rating [1]