Xinhua Insurance approved to increase capital of 154 million Hong Kong dollars to Xinhua Asset Management

On November 21, the website of the China Banking and Insurance Regulatory Commission announced that it has approved China Life Insurance Co., Ltd. to use its own funds to subscribe for an additional 25 million shares of New China Asset Management Co., Ltd., increasing its capital by HK$154,448,135.32. The company should strictly comply with relevant laws and regulations to complete the capital increase. It should also strengthen its management of New China Asset Management Co., Ltd., strictly adhere to the requirements of related transactions, and effectively prevent risks.