PICC (02601) Shareholder International Group transferred a total of 65.59 million shares of the company to Jiushi Group and Electric Control Holdings for free.

date
15/09/2025
Zhixin Finance APP News, China Taiping (02601) announced that on September 15, 2025, the company received a notice from Shanghai International Group Limited (hereinafter referred to as "International Group"), a shareholder holding more than 5% of the company's shares, regarding the gratuitous transfer of state-owned shares of China Pacific Insurance (Group) Co., Ltd. in order to support the optimization and structural adjustment of Shanghai state-owned capital layout, and to support the high-quality development of Shanghai Jiushi (Group) Co., Ltd. (hereinafter referred to as "Jiushi Group") and Shanghai Electric Holdings Group Co., Ltd. (hereinafter referred to as "Electric Holdings"). The International Group intends to gratuitously transfer its 55.59 million shares of A shares (accounting for 0.58% of the company's total share capital) to Jiushi Group, and its 10 million shares of A shares (accounting for 0.10% of the company's total share capital) to Electric Holdings.