ICBC-AXA Life

1. Company Introduction ICBC-AXA Life Insurance Co., Ltd. (hereinafter referred to as "ICBC-AXA Life") was officially established in July 2012. The company is jointly funded by powerful Chinese and foreign shareholders including Industrial and Commercial Bank of China, AXA Group of France, and China Minmetals Group, with a registered capital of RMB 12.505 billion. It specializes in life insurance, health insurance, accident insurance, and other insurance businesses. Headquartered in Shanghai, as of the end of 2021, the company has established 19 provincial branches, 1 direct central sub-branch, and 1 asset management subsidiary nationwide. In its operations, ICBC-AXA Life is customer-centric, leveraging the strong capital strength, renowned brand reputation, and complementary professional advantages of its shareholders to build a customer-needs-oriented "Product + Service" system, meeting the increasingly diverse needs of customers. At the same time, the company actively implements the regulatory requirement of "insurance should be insurance", adheres to the development strategy of "high-value growth", and aims to steadily achieve its vision of becoming a top-tier domestic insurance company with a credible reputation, scientific management, advanced culture, and good profitability, contributing more to the stable and healthy development of China's life insurance industry.
2. Our Shareholders
Industrial and Commercial Bank of China Limited
ICBC was established on January 1, 1984. On October 28, 2005, it was wholly restructured into a joint-stock limited company. On October 27, 2006, it successfully went public on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange on the same day. Through sustained efforts and steady development, it has entered the ranks of the world's largest banks, with a high-quality customer base, diversified business structure, strong innovation capability, and market competitiveness.
AXA China Company
AXA China Company is affiliated with AXA Group of France. AXA Group was founded in 1817, with a history of over 200 years. Its business operations cover life insurance, property insurance, asset management, large-scale risk management protection, and global assistance. It is a world-leading insurance and asset management institution.
Minmetals Capital Holdings Co., Ltd.
Minmetals Capital Holdings Co., Ltd. is a wholly-owned subsidiary of the listed company Minmetals Capital Co., Ltd., and is affiliated with China Minmetals Group. Its predecessor was Minmetals Investment Development Co., Ltd., established in 1999. It holds full financial business licenses covering trust, financial leasing, securities, futures, finance companies, banking, funds, and insurance.
China Minmetals Group
China Minmetals Group was established in 1950. It is a key state-owned backbone enterprise directly managed by the central government, with metal minerals as its core business, and is a pilot enterprise for state-owned capital investment companies. In 2021, it ranked 65th in the Fortune Global 500. (Note: The above introductions of shareholders are excerpted from the shareholders' official websites as of March 31, 2022.)