Xinhua Asset Management Co., Ltd.

Xinhua Asset Management Co., Ltd. (hereinafter referred to as the "Company") was approved by the China Insurance Regulatory Commission in May 2006 with a registered capital of RMB 500 million. It is one of the first professional insurance asset management institutions in China, formerly the investment management center of New China Life Insurance Co., Ltd., and its controlling shareholder is New China Life Insurance Co., Ltd.
With regulatory approval, the Company's business scope includes: managing and utilizing proprietary funds and insurance funds; entrusted fund management services; consulting services related to fund management; and other asset management businesses permitted by national laws and regulations. In recent years, the Company's investment returns have ranked among the top in the industry, making it an important participant in the money market. In December 2013, the Company established a Hong Kong subsidiary to expand its overseas investment platform. As of the end of 2025, the assets under management approached RMB 2 trillion, with investment returns ranking among the top in the industry, increasingly becoming one of the major large institutional investors in domestic and international capital markets, including stock, fund, and bond markets.