Xin Lang Cai Jing·2025-09-15 13:12Core Viewpoint - China Pacific Insurance (CPIC) is undergoing a share transfer process initiated by Shanghai International Group to support the adjustment of state-owned capital layout in Shanghai, involving the transfer of shares to Jiushi Group and Electric Holdings [1] Group 1: Share Transfer Details - 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 Holdings without compensation [1] - The share transfer requires approval from the Shanghai State-owned Assets Supervision and Administration Commission and does not involve a tender offer, nor will it change the company's lack of a controlling shareholder and actual controller [1] Group 2: Shareholding Changes - Prior to the transfer, Shanghai International Group and its subsidiaries held 10.66% of CPIC's shares, which will decrease to 9.97% post-transfer [1] - Jiushi Group's shareholding will increase to 1.52%, while Electric Holdings will hold 0.10% after the transfer [1] - Jiushi Group and Electric Holdings have committed to not reducing their holdings within 12 months following the transfer [1]