Core Points - China Ping An has completed its 2025 long-term service plan by purchasing 74.615 million H-shares, totaling 3.875 billion RMB, with participation from approximately 83,024 employees, including over ten executives [2][3] - The shares acquired represent 0.412% of the total share capital, with an average transaction price of approximately 51.87 RMB per share [3] - The long-term service plan allows employees to claim their rights upon retirement, ensuring a long-term alignment of interests between the company and its employees [3] Employee Participation and Incentives - The long-term service plan has been implemented for seven consecutive years, significantly increasing employee participation from around 30,000 in the initial years to approximately 80,000 in recent years [5][7] - The plan is designed to strengthen the binding of company and employee interests, encouraging core talents to remain with the company and ensuring a stable talent pipeline [6] - Differences in dividend amounts received by employees are based on their contributions to the company, reflecting a value-oriented approach [6] Historical Context - The long-term service plan is considered an upgrade to the core personnel stock ownership plan initiated in 2014, with a broader coverage and more detailed conditions [6] - The core personnel plan had only 2,263 participants, while the long-term service plan includes 83,024 participants, nearly 37 times more [6] - The funding for the long-term service plan comes from employees' payable salary amounts, contrasting with the core personnel plan, which relied on salary and performance bonuses [6]