Summary by Futu AI
Ping An Insurance completed the purchase of 106,896,000 H shares of the company through the secondary market for the 2024 long-term service plan from August 23 to September 20, 2024, accounting for 0.587% of the total share capital of the company. The total transaction amount was HKD 3.846 billion, with an average fill price of approximately HKD 35.85 per share. The funds for this share purchase came from employee accrued compensation. A total of 75,175 core talents participated in this plan, with directors, supervisors, and senior management holding 2,929,348 shares, accounting for 2.74% of the plan, and other employees holding 103,966,652 shares, accounting for 97.26%. According to the long-term service plan, participants can apply for plan benefits after retirement, and receive them after confirmation and payment of related taxes. Currently, Ping An Insurance has five executive directors including Ma Mingzhe and Xie Yonglin, four non-executive directors, and six independent non-executive directors.