Core Viewpoint - Sunshine Insurance announced that its subsidiaries, Sunshine Life and Sunshine Asset Management, plan to increase capital in Sunshine Asset Management (Hong Kong) by up to HKD 250 million and HKD 750 million respectively, raising the total capital from HKD 100 million to HKD 1.1 billion, while maintaining their shareholding ratios at 25% and 75% [1][19][23]. Group 1: Capital Increase Details - The capital increase will be priced at HKD 1 per share, and the total capital of Sunshine Asset Management (Hong Kong) will rise to HKD 1.1 billion after the increase [5][26]. - The capital increase is proportionate to the existing shareholding ratios of Sunshine Life and Sunshine Asset Management, reflecting a fair and reasonable agreement [12][26]. - The payment for the capital increase will be made from internal resources of Sunshine Life and Sunshine Asset Management after obtaining necessary regulatory approvals [27][29]. Group 2: Rationale for Capital Increase - The capital increase is deemed necessary due to four main reasons: the inevitable trend of global insurance asset management business development, the internal demand for healthy and rapid growth in China's insurance industry, the need to reduce exposure to single market risks, and the proactive response to challenges in the era of globalization and large asset management [12][33]. - The board believes that the terms of the capital increase are fair and reasonable, aligning with the overall interests of the company and its shareholders [33]. Group 3: Regulatory Compliance - The capital increase constitutes a related party transaction under Hong Kong Listing Rules, as Sunshine Asset Management is a non-wholly owned subsidiary of the company [13][34]. - The capital increase exceeds the applicable percentage threshold but is exempt from independent shareholder approval requirements [34].
阳光保险附属公司拟向阳光资管香港增资不超10亿港元