Introduction of Strategic Shareholder and Increase of Paid-up Capital

Taiping Reinsurance Company Limited (“TPRe”) has introduced Ageas Insurance International NV (“Ageas”), a wholly-owned subsidiary of ageas SA/NV, as a strategic shareholder on 27 November 2020. China Taiping Insurance Holdings Company Limited (“CTIH”) and Ageas hold approximately 75% and 25% of the issued share capital of TPRe respectively. TPRe remains to be an indirect non-wholly owned subsidiary of CTIH.

The paid-up capital of TPRe has been increased from HKD5,781,100,000 to HKD8,822,445,630 accordingly.