ICBC-AXA Assurance Co., Ltd. Guangdong Branch

ICBC-AXA Assurance Co., Ltd. (hereinafter referred to as "ICBC-AXA Life") is jointly established by the world's largest bank by market value, Industrial and Commercial Bank of China (ICBC)①, the world's largest insurance group AXA Group②, and China Minmetals Corporation, a central enterprise listed among the Global Fortune 500. The company's shareholding structure is as follows: ICBC holds 60% of shares, AXA Group holds 27.5%, and China Minmetals Corporation holds 12.5%. Relying on the unparalleled strong capital strength and outstanding brand reputation of its shareholders, ICBC-AXA Life fully integrates the profound experience and solid foundation of its shareholder ICBC in China's financial sector, the world-leading risk management and insurance expertise of AXA Group, and the strong financial strength and rich local resources of China Minmetals Corporation. Adhering to a customer demand-oriented approach, the company provides customized and personalized insurance solutions and services to customers in the four key areas of life that require financial protection and wealth planning—children's education, retirement planning, family protection, and wealth management—through differentiated business strategies, product innovation advantages, and diversified sales channels, meeting the increasingly diverse needs of customers. Headquartered in Shanghai, ICBC-AXA Life has a registered capital of 5.705 billion yuan③, and its business scope currently covers more than 20 important provinces and cities nationwide. The company will accelerate development in a planned manner, operate steadily, and bring insurance protection and wealth planning services to customers in more markets. ① Based on the global market value statistics in 2012 ② Based on the 2010 net premium income ranking in "BestWeek" by AMBest in January 2012 ③ As of November 2013 Our Shareholders ■ICBC ICBC was established on January 1, 1984, with its headquarters in Beijing. In October 2005, it was wholly restructured into a joint-stock company. On October 27, 2006, it was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. Through continuous efforts and steady development, ICBC has entered the ranks of the largest banks, becoming the world's largest listed bank by market value, with the largest customer deposits and the highest profitability. It has a high-quality customer base, a diversified business structure, strong innovation capabilities, and market competitiveness. Through 17,125 domestic institutions, 383 overseas institutions, over 1,771 correspondent banks worldwide, as well as distribution channels such as online banking, telephone banking, and self-service banking, ICBC provides extensive financial products and services to 4.38 million corporate customers and 393 million individual customers, basically forming a cross-market, internationalized operating pattern with commercial banking as the mainstay, maintaining a leading position in the domestic commercial banking market. ICBC has always adhered to its business purpose of "customer-centric, service creates value," continuously improving financial service levels, enriching its brand connotation, and the brand image of "the bank by your side, a trustworthy bank" is deeply rooted in consumers' hearts, making it China's most favored banking brand and the world's most valuable financial brand. ICBC adheres to the organic integration of economic and social responsibilities, establishing a model of a responsible major bank in supporting economic and social development, protecting the environment and resources, and supporting social welfare activities. It has won awards such as the "Best Social Responsibility Institution Award" and the "People's Social Responsibility Award." ■AXA Group AXA Group is the world's leading insurance and asset management institution, with business operations in 57 countries, employing 160,000 employees and sales personnel, serving 102 million customers. In 2012, AXA's revenue (IFRS standards) reached 90.1 billion euros, core earnings (IFRS standards) were 4.25 billion euros, and assets under management amounted to 871 billion euros. AXA is a Fortune Global 500 enterprise, founded in 1816. In the 2013 Fortune Global 500 ranking, AXA ranked first among financial and insurance companies. AXA has been named among the "Top 100 Best Global Brands" by the leading brand strategy consulting firm Interbrand for five consecutive years and ranks first in the insurance industry. For over 20 years, AXA has consistently honored its commitment to contributing to the Chinese market. Currently, its business operations cover life insurance, property insurance, asset management, large-scale risk management and protection, and global assistance. ■China Minmetals Corporation China Minmetals Corporation is an international metals and minerals company, established in 1950. It is mainly engaged in the exploration, mining, smelting, processing, and trading of metal mineral products, as well as business in finance, real estate, and mining and metallurgy technology. In 2012, China Minmetals achieved operating revenue of 325 billion yuan and total profits of 8 billion yuan, ranking 169th globally in the Fortune 500, and 4th among metals companies. China Minmetals operates six business centers: non-ferrous metals, ferrous metals trading, ferrous metals mining, finance, real estate construction, and technology. Its main overseas institutions are spread across 28 countries and regions, it employs 177,000 people, and it controls eight domestic and overseas listed companies. Over the years, China Minmetals has consistently embraced the development philosophy of "cherish the finite, create the infinite," providing high-quality global services, and has gradually established its position as "China's most advantageous non-ferrous metal resources company, China's largest iron ore resource supplier, and China's largest steel product distribution service provider."