Recently, China Insurance Security Fund Co., Ltd. ("the Company" for short

below) publicly listed and transferred in Beijing Financial Assets Exchange,

and successfully transferred the shares (worth of RMB6 billion and accounting

for 39.19%) it holds in China United Insurance Holding Company, the strike

price aggregates up to RMB14.405 billion, proving a premium of 99.97% over

the asset valuation. The Company thus realized secure and stable exist of

CISF, marking the Company successfully fulfills its task of risk disposal of

China United Insurance Holding Company. 
 

Pursuant to relevant provisions, the said share transfer should be approved by

the regulatory authority.