CITIC Prudential Guangdong Branch

CITIC Prudential Life Insurance Co., Ltd. (formerly CITIC-Prudential Life Insurance Co., Ltd.) was established in Guangzhou in 2000, jointly initiated by CITIC Group and Prudential plc. In November 2017, the company officially announced its renaming to CITIC Prudential Life Insurance Co., Ltd. Currently, the headquarters of CITIC Prudential Life is located in Beijing, with a registered capital of 2.36 billion RMB. Adhering to the business philosophy of "Listening to You, Trusting in Us", since its inception, CITIC Prudential Life has carried out a series of effective work in product development, business expansion, institutional growth, channel construction, and risk management, quickly establishing and improving its internal control and corporate governance mechanisms, and actively operating in the Chinese life insurance market with excellent market performance and outstanding professional operations. In line with national development strategies and regulatory requirements, CITIC Prudential Life adheres to a regional development strategy that balances scale and efficiency, and combines speed with depth. As of July 2018, the company has established 18 branches in Guangdong, Beijing, Jiangsu, Shanghai, Hubei, Shandong, Zhejiang, Tianjin, Guangxi, Shenzhen, Fujian, Hebei, Liaoning, Shanxi, Henan, Anhui, Sichuan, and Suzhou, with branches in 78 cities and nearly 50,000 employees and insurance agents. As of the end of June 2018, the company's total assets exceeded 69.2 billion RMB. Since its establishment, CITIC Prudential Life has been attentive to customer feedback, continuously launching products and services that meet customer needs. Currently, the company's products cover areas such as protection, savings, investment, pension, and medical care. In the "Internet+" era, CITIC Prudential Life keenly captures customer needs, providing electronic services across all business processes through its official WeChat, official website, and business personnel service terminal systems, allowing customers to experience convenient insurance services anytime, anywhere without leaving home. With professional business experience, mature management mechanisms, and a customer-first service philosophy, CITIC Prudential Life is providing rich, thoughtful, fast, and high-quality insurance services to over 1.6 million customers nationwide. From 2016 to 2017, in the service evaluation results published by regulatory authorities, CITIC Prudential Life received an A rating for two consecutive years. While seizing opportunities in industry development, CITIC Prudential Life closely follows its corporate and risk strategies, guided by the China Risk-Oriented Solvency System (C-ROSS), gradually establishing a comprehensive risk management system based on effective corporate governance, risk appetite guidance, a balance between risk and efficiency, capital management as the core, and the principle of creating value together. From 2016 to 2017, regulatory authorities conducted Solvency Risk Management Capability (SARMRA) assessments under C-ROSS, and the company ranked among the top life insurance companies twice. Since the first quarter of 2016, the company has been rated as an "A-class company" in the comprehensive risk rating (classified supervision) for nine consecutive quarters. In terms of credit rating, China Chengxin International Credit Rating Co., Ltd., a member of Moody's Investors Service, rated CITIC Prudential Life's 2018 entity credit as AA+ with a stable outlook, marking the fourth consecutive year the company has received an AA+ rating. This rating affirms the strong support of both shareholders, as well as the company's rapid development pace, continuously improving business structure and quality, prudent investment management style, steadily increasing profitability, and good risk management capabilities. As a responsible corporate citizen, CITIC Prudential Life has always been attentive to social needs, proactively assuming social responsibility, advocating the public welfare theme of "Listening and Caring", and establishing the "CITIC Prudential Care Fund" to actively support the development of education, child safety, health, and environmental protection in China. To date, CITIC Prudential Life has donated nearly 20 million RMB to public welfare causes, collected over 210,000 excellent books for children in impoverished areas, and has long provided free insurance education and career planning consultation lectures to the public. CITIC Prudential Life will continue to listen attentively to all voices, serve customers with dedication, strive to give back to society, forge ahead, and continuously create new brilliance.