China Life Asset Management Co., Ltd.

China Life Asset Management Co., Ltd. (referred to as "PICC Asset Management") was established on July 16, 2003, and is the first insurance asset management company in China approved by the State Council and the former China Insurance Regulatory Commission. It was initiated by People's Insurance Company (Group) of China Limited (stock code: 601319.SH, 1339.HK). The company currently manages assets exceeding one trillion RMB and possesses capabilities approved by the China Banking and Insurance Regulatory Commission for stock investment, unsecured bond investment, equity investment, infrastructure investment plan product innovation, real estate investment plan product innovation, derivatives utilization, and trust product investment. It is also qualified for foreign exchange business approved by the State Administration of Foreign Exchange, has been selected as a securities investment management institution for basic pension insurance funds, is authorized to issue investment and wealth management products, manage funds of qualified investors on a fiduciary basis, and conduct public fund business. As a major institutional investor in China's capital market, it adheres to value investment principles and aims to generate absolute returns for clients.