Dadi Shidai

China Continent Property & Casualty Insurance Co., Ltd. was established on October 20, 2003, and is a direct property and casualty insurance company under China Reinsurance (Group) Corporation. The controlling shareholder of China Continent Insurance, China Re Group, was initiated and established by the Ministry of Finance of the People's Republic of China and Central Huijin Investment Co., Ltd. China Continent Property & Casualty Insurance Co., Ltd. (hereinafter referred to as the "Company") obtained the qualification for personal loan guarantee insurance upon approval by the China Insurance Regulatory Commission in January 2015, and formally established the Personal Loan Guarantee Insurance Business Division (hereinafter referred to as the "Individual Loan Business Division") on March 23, 2015. Relying on the strong capital strength, professional management, and extensive brand influence of China Continent Insurance and its parent company China Re Group, the Individual Loan Business Division, through the business model of "Dadi Shidai insurance + capital channel loans," rapidly achieved expansion of institutions and business scale, promoting the development of the company's nationwide personal loan guarantee insurance business (hereinafter referred to as "individual loan business"). In 2015, the Individual Loan Business Division completed the preparatory work for 15 branches and 25 stores, with 23 stores carrying out individual loan business, exceeding the annual premium plan and achieving a good start, and was awarded the honorary title of "Outstanding Contribution Team" by China Re Group. The Individual Loan Business Division has always adhered to the core values of "compliance, integrity, and efficiency" and the business philosophy of "risk control first, innovative development, and scale expansion," actively fulfilling the social responsibility of "realizing the dreams of the public and creating social value" with a professional team, quality services, and innovative products, providing the public with convenient, fast, safe, and formal loan channels. Currently, the Individual Loan Business Division has been approved to access the central bank's credit information inquiry system, which will on one hand help improve the business risk control level and operational efficiency, and on the other hand, contribute to enriching the data volume of the central bank's credit information system and improving the personal credit reporting system. In terms of organizational structure, the Individual Loan Business Division is divided into headquarters and branches. According to the characteristics of the individual loan business, the headquarters has established 12 functional departments, including four front-office departments: Regional Management Department, Institutional Development Department, Sales Management Department, and Training Department; four middle-office departments: Risk Management Department, Approval Management Department, Collection Management Department, and Support Center; and four back-office departments: Product/Channel/Resource Department, Information Technology Operations Department, Planning and Finance Department, and General Management Department, thereby achieving unified line management for branches. As of the end of 2018, the Individual Loan Business Division had established 185 institutions nationwide, with business covering more than 110 cities across the country. Facing the new journey, the Individual Loan Business Division will continue to innovate products, technologies, and models on the basis of steady development to provide customers with a better service experience. All employees of the Individual Loan Business Division will also adhere to the divisional spirit of "entrepreneurship, innovation, and creating brilliance," unswervingly and diligently striving forward.