PICC Life Insurance Company Limited Changsha Central Sub-Branch

PICC Life Insurance Company Limited (abbreviated as "PICC Life") is a national life insurance company approved by the State Council and the China Insurance Regulatory Commission, primarily initiated and established by People's Insurance Company (Group) of China Limited (abbreviated as "PICC"). The company is headquartered in Beijing with a registered capital of 8.8 billion yuan. Its main businesses include life insurance, health insurance, accident insurance, life reinsurance, and investment operations. PICC Life fully leverages PICC's outstanding advantages in brand, network, customer resources, and industry experience. Through the group's comprehensive operational platform and by drawing on advanced international management techniques and experience, it promotes the formation and continuous enhancement of its core competitiveness. In the rapidly developing and vibrant Chinese financial and insurance market, opportunities and challenges always coexist, and PICC Life's development has a long and arduous road ahead. Standing at a new starting point, PICC Life will be guided by the Scientific Outlook on Development, focus on PICC's leapfrog development direction, fully rely on the group's overall competitive advantages, adhere to the path of scaled and efficient operations, seize opportunities, forge ahead, pioneer and innovate, accelerate development, and strive to build the company into a modern first-class insurance enterprise with a sound governance structure, effective business development, strong risk control, adequate solvency, strong comprehensive competitiveness, and distinctive PICC characteristics. We will vigorously cultivate a corporate culture of "people-oriented, harmonious and enterprising," focus on people's livelihood, provide sincere service, honor commitments, strictly abide by norms, and repay the country, give back to society, and serve the people with our proactive actions and outstanding performance. We sincerely hope that the vast number of insurance consumers and friends from all sectors of society will consistently care for, support, and assist PICC Life, and work together tirelessly to improve the insurance protection of the people and promote the development of China's insurance market. On November 18, 2005, PICC Life Insurance Company Limited was officially established, opening a brand new page in the history of PICC's development. In 2007, PICC Life successfully implemented capital increase and restructuring, increasing its registered capital to 2.7 billion yuan, and completed a nationwide institutional layout in an unconventional manner. Its development foundation became more solid and its development platform significantly broadened, marking an important milestone in the company's development process. PICC Life adheres to the corporate mission of "People's Insurance, Benefiting the People," is people-oriented, provides honest services, operates in compliance with regulations, and pursues scientific development. It has established a centralized management model, formed diversified sales channels, developed a sound product system, and built a strong support service platform to provide customers with personalized products and services. PICC Life Insurance Company Limited courageously undertakes social responsibilities, actively engages in public welfare causes, and strives to expand the coverage, penetration, and influence of insurance throughout society. PICC Life adheres to the path of scaled and efficient development and promotes unconventional leapfrog development. Based on the whole country and looking to the world, it strives to build itself into a modern first-class insurance enterprise with a sound corporate governance structure, rapid and effective business development, adequate solvency, strong risk control, strong comprehensive competitiveness, and distinctive PICC characteristics.