Core Viewpoint - Hongan Real Estate and Wang On Group have completed the purchase of a life insurance policy from Manulife Financial, which is intended to mitigate potential losses from the death of a key executive, Mr. Deng Haokang [1] Group 1: Insurance Policy Details - The insurance policy was purchased by Twist Pioneer, a wholly-owned subsidiary of Hongan Real Estate, with a total initial premium payment of approximately $4.85 million (around HKD 37.73 million) [1] - The policy is specifically for Mr. Deng Haokang, who is considered a key figure in the Hongan Real Estate Group [1] Group 2: Financial Implications - The boards of Hongan Real Estate and Twist Pioneer believe that the insurance policy may assist in refinancing and negotiating bank loan financing [1] - The policy is expected to generate positive returns starting from the end of the fourth year, with a guaranteed cash value of $4 million (approximately HKD 31.12 million) and non-guaranteed end-of-term dividends of about $1.124 million (approximately HKD 8.745 million) [1] - Additionally, from the end of the 25th year, the policy will provide a guaranteed cash value of $5 million (approximately HKD 38.90 million) [1]