On December 27, 2024, ZA ONLINE Property Insurance signed a supplemental agreement with Ping An Asset Management, extending the 2021 Asset Management Agreement until December 31, 2027. According to the new agreement, Ping An Asset Management will continue to provide asset management services to ZA ONLINE, including managing the entrusted assets in custodial Accounts held at independent third-party Banks. The new agreement constitutes a continuing connected transaction, as Ping An Asset Management is a subsidiary of Ping An Insurance, a major Shareholder of ZA ONLINE. The highest applicable percentage rate for the transaction ranges from 0.1% to 5%, and is subject to the reporting, announcement, and annual review requirements under Chapter 14A of the Listing Rules, but is exempt from Shareholder approval. The annual cap for the...Show More

On December 27, 2024, ZA ONLINE Property Insurance signed a supplemental agreement with Ping An Asset Management, extending the 2021 Asset Management Agreement until December 31, 2027. According to the new agreement, Ping An Asset Management will continue to provide asset management services to ZA ONLINE, including managing the entrusted assets in custodial Accounts held at independent third-party Banks. The new agreement constitutes a continuing connected transaction, as Ping An Asset Management is a subsidiary of Ping An Insurance, a major Shareholder of ZA ONLINE. The highest applicable percentage rate for the transaction ranges from 0.1% to 5%, and is subject to the reporting, announcement, and annual review requirements under Chapter 14A of the Listing Rules, but is exempt from Shareholder approval. The annual cap for the years 2025 to 2027 is set at RMB 0.16 billion, significantly higher than past transaction amounts, reflecting the Board of Directors' optimistic expectations for future investment returns. The Board of Directors believes that the new agreement is entered into on normal commercial terms, is fair and reasonable, and is in the overall interests of the company and Shareholders. Ping An Asset Management ranks among the top in the asset management field and has extensive experience, particularly in long-term investments, which will contribute to the continuous stability of the company's investment performance.