China Life Insurance Company Limited Wuhan Branch

China Life: China Life Insurance Company Limited is China's largest life insurance company, a vice-ministerial-level central state-owned enterprise, and the first domestic financial insurance enterprise listed in three locations. Headquartered in Beijing, it has a registered capital of RMB 28.265 billion. In 2019, the group's consolidated operating revenue reached RMB 906.7 billion, with consolidated total assets exceeding RMB 4.5 trillion, ranking first among globally listed life insurance companies. It has been selected for the Fortune Global 500 and the World's 500 Most Influential Brands for 14 consecutive years. By the end of 2019, the company ranked 51st in the Fortune Global 500 and 11th among China's Top 500 Enterprises. With its long history, strong strength, leading professional competitive advantages, and world-renowned brand, the company has won the trust of a broad customer base and has consistently maintained a leading position in the domestic insurance market, earning it the reputation as the "mainstay" of China's insurance industry. Guangfa Bank: Guangfa Bank was established in September 1988 with a registered capital of RMB 11.408 billion. Approved by the State Council and the People's Bank of China, it is one of the earliest joint-stock commercial banks established in China. Guangfa Bank has 15 tier-one branches, 35 tier-two branches, and 6 directly affiliated sub-branches, as well as a Macau branch and a Hong Kong representative office, totaling over 500 business outlets. It has established correspondent banking relationships with 917 banks in 83 countries and regions worldwide, initially forming the framework of a major urban commercial bank. According to the rankings of the world's top 1,000 banks by the British magazine The Banker, Guangdong Development Bank was selected among the global top 500 banks for four consecutive years. On March 1, 2016, China Life Group signed relevant acquisition agreements with Citigroup and IBM Credit to acquire a total of 3.648 billion shares of Guangfa Bank held by the latter at a price of 6.39 yuan per share, with a total consideration of approximately 23.312 billion yuan. After the transaction was completed, the company held approximately 6.729 billion shares of Guangfa Bank, with its shareholding ratio increasing from 20% to 43.686%, becoming the single largest shareholder of Guangfa Bank.