On June 12th, Geelong announced that China Taiping (00966.HK), a subsidiary of the company, plans to repurchase no more than 15 billion yuan of outstanding capital supplementary bonds, and has received a reply from the relevant regulatory authorities. The regulatory authorities have no objection to Taiping Life's repurchase of capital supplementary bonds issued in 2021 and 2022 in accordance with market-oriented principles.

This repurchase will further optimize the capital structure of the company and Taiping Life. The company and Taiping Life will actively communicate with relevant parties including regulatory authorities, custodians, and bondholders, steadily promote repurchase work, and effectively protect the legitimate rights and interests of bondholders.