Group 1: Company Overview - Zhongying Life Insurance was established in 2003, co-funded by COFCO Capital and Aviva, one of the oldest and most influential insurance groups globally [1] - The company is known for its strong customer service experience, having received multiple industry service awards, and maintains a high level of customer loyalty [1] - Zhongying Life emphasizes value orientation, focusing on service quality and intrinsic value growth, with robust asset-liability management capabilities [1] Group 2: Business Performance - In the first quarter, Zhongying Life outperformed the industry across all three major channels, achieving a record high in Value of New Business (VNB) [3] - The company is actively adapting to market changes and new regulatory environments, accelerating transformation to achieve counter-cyclical growth [3] - Zhongying Life is enhancing its product structure by increasing the proportion of high NBM products, such as commercial annuities and other protection products [3] Group 3: Investment Strategy - Zhongying Life is improving its investment research capabilities and has successfully managed long-term bond allocations, achieving significant returns [4] - The company has established a risk management system for investments, covering various risk monitoring indicators and early warning thresholds [4] - Its investment performance ranks among the best in the industry, having received multiple awards for excellence in investment management [4]