Taiping Life Insurance Co., Ltd. Hunan Branch

Taiping Life Insurance Co., Ltd. (hereinafter referred to as "Taiping Life") is a professional life insurance company under China Taiping Insurance Group Co., Ltd. (hereinafter referred to as "China Taiping"), and is one of the medium-to-large life insurance companies in China. China Taiping has an 89-year brand history and is a centrally managed financial and insurance group with its management headquarters in Hong Kong. As the main force in China Taiping's strategic development, Taiping Life relies on China Taiping's comprehensive and diversified business platform to provide insurance products covering life, accident, health, annuity and many other types through channels such as individual agency, bank-postal agency, telephone sales, and online sales, offering customers comprehensive insurance protection and one-stop, all-inclusive financial wealth management services. The company is headquartered in Shanghai, with registered capital of RMB 10.03 billion. It has currently established 37 branches and more than 1,100 third- and fourth-level institutions, with a service network basically covering the whole country. The "Taiping" brand was founded in Shanghai in 1929. In 1956, according to unified national arrangements, it specialized in overseas business. In 2001, it re-entered the domestic market. In November 2001, China Taiping (then "China Insurance Co., Ltd.") took Taiping Life as the operating entity and fully resumed domestic personal insurance business. On December 5, Taiping Life officially opened. Since resuming business, Taiping Life has successfully embarked on a path of reform, innovation and professional development: closely adhering to the business philosophy of "operating with heart and serving with integrity," it has created a corporate operation and business development model with Taiping characteristics; strengthened its core competitive advantage characterized by "innovation" and established a "customer-centric" operation and management system; persisted in introducing talent with high standards and strict requirements, cultivating a competitive workforce; and unwaveringly adhered to the concept of "sustainable value growth," continuously optimizing its business structure, steadily improving quality indicators, and constantly enhancing corporate embedded value. In recent years, keeping pace with the Group's implementation of the "Premium Strategy," Taiping Life has focused on building itself into a "*distinctive and promising premium life insurance service provider." The company's business scale and value have grown steadily, and business quality has consistently remained at a * level. In 2017, the company's original insurance premium income for the year exceeded RMB 100 billion, total assets exceeded RMB 390 billion, valid insurance amount at period end exceeded RMB 5.8 trillion, total customers served exceeded 43 million person-times, and cumulative claim payments and survival benefits paid to customers exceeded RMB 72 billion, fully giving play to the function of commercial insurance as a pillar of the social security system. In 2018, Fitch Ratings assigned Taiping Life an "A+" rating for the third consecutive year, with a "Stable" outlook. As a member company of a centrally managed insurance group, Taiping Life also actively assumes corporate social responsibility in public welfare and charity fields such as education charity, green environmental protection, poverty alleviation, and disaster relief. The company's brand image and corporate reputation have been highly recognized by customers, employees and society.