Core Points - China Ping An announced the completion of its 2025 Long-term Service Plan through the secondary market, acquiring 74.615 million H-shares, representing 0.412% of the total share capital, with a total transaction amount of 3.875 billion yuan, at an average price of approximately 51.87 yuan per share [1][5] - A total of 83,024 core talents voluntarily participated in the 2025 Long-term Service Plan [1] Shareholding Structure - Directors, supervisors, and senior management hold 1,882,031 shares, accounting for 2.52% of the 2025 Long-term Service Plan [3][5] - Other employees hold 72,732,969 shares, accounting for 97.48% of the 2025 Long-term Service Plan [4][5] - The total shareholding under the 2025 Long-term Service Plan is 74,615,000 shares, representing 100% of the plan [5] Plan Details - Participants in the Long-term Service Plan can only apply for the vesting of their plan rights upon retirement from the company, subject to confirmation and payment of relevant taxes [5] - The Long-term Service Plan was first introduced in October 2018 and has been regarded as a significant talent incentive program in the industry, considered an "upgraded version" of the core personnel shareholding plan launched in 2014 [5]

Group 1 - The core point of the news is that Ping An Insurance has completed its 2025 long-term service plan by purchasing 74.615 million H-shares, totaling approximately 3.875 billion RMB, with participation from around 83,024 employees [1][2] - The shares purchased represent 0.412% of the total share capital, with an average transaction price of approximately 51.87 RMB per share [2] - Since the launch of the long-term service plan seven years ago, a total of 486,800 employees have participated, contributing nearly 28.8 billion RMB, and acquiring 351 million A-shares and 182 million H-shares [1][4] Group 2 - The long-term service plan is designed to strengthen the alignment of interests between the company and its employees, ensuring that employees are motivated to contribute to the company's sustainable development [4][5] - The plan has a broader coverage compared to the previous core personnel stockholding plan, with 83,024 participants in the long-term service plan compared to 2,263 in the core personnel plan, making it nearly 37 times larger [4] - The distribution of dividends under the long-term service plan varies among employees based on their contributions to the company, reflecting a value-oriented approach [5]