Summary by Futu AI
China Ping'an Insurance (Group) Co., Ltd. (“Ping'an China”) announced on 21 May 2024 that the 22nd Meeting of its 12th Board of Directors has approved the implementation plan for the 2024 Long Term Service Plan (Revised Version). The scheme involved 75,175 core talent volunteering and involved a total of RMB353,966.98 million, which came from employee compensation amounts. In this scheme, directors, supervisors and senior managers invested a total of USD 9,700 million, accounting for 2.74% of the total scheme, while other employees contributed USD 344,266.98 million, accounting for 97.26%. The shares are sourced from the Company's H Shares Tier II marketable shares. The Company will purchase shares in accordance with the implementation plan and fulfill its obligation to disclose information in a timely manner. The current Executive Directors include Ma Mingzhe, Xie Yonglin and Cai Fangfang.