Group 1 - The core point of the news is the appointment of Yu Hong as the General Manager and CEO of AIA Life Insurance, following the approval from the financial regulatory authority [1][2] - Yu Hong has extensive experience in the insurance industry, having worked for 27 years at Ping An Life, where she held various senior positions, including General Manager [2] - The management changes at AIA are part of the company's accelerated expansion in the mainland China market, with the establishment of multiple new branches and a significant increase in market reach [3] Group 2 - AIA Life Insurance has expanded its provincial branch network to 14, covering over 70% of the personal insurance market in mainland China [3] - In 2024, AIA Life Insurance reported a 20% increase in new business value, a 10% growth in annualized new premiums, and an 18% rise in total weighted premium income [4] - As of the end of the first quarter, AIA Life Insurance achieved an insurance business revenue of 29.424 billion yuan, a year-on-year increase of 13.69%, and a net profit of 2.247 billion yuan, reflecting a significant growth of 546.44% [4]