China Pacific Insurance (02601) shareholders, International Group, have transferred a total of 65.59 million shares of the company to Jiushi Group and Electrical Holdings for free.

China Pacific Insurance (02601) announced that on September 15, 2025, the company received a notice from Shanghai International Group Limited (hereinafter referred to as "International Group"), a shareholder holding more than 5% of the company's shares, regarding the free transfer of state-owned shares of CHINA TAIPING Insurance (Group) Co., Ltd. in order to support the optimization and structural adjustment of Shanghai's state-owned capital layout, and to support the high-quality development of Shanghai Jiushi (Group) Co., Ltd. (hereinafter referred to as "Jiushi Group") and Shanghai Electric Group Holding Limited (hereinafter referred to as "Electric Holding"). International Group intends to transfer its holdings of 55.59 million A-shares of the company (accounting for 0.58% of the total share capital) to Jiushi Group free of charge, and to transfer its holdings of 10 million A-shares of the company (accounting for 0.10% of the total share capital) to Electric Holding free of charge. This change in shareholder equity is a free transfer of state-owned equity and does not involve a tender offer. The transferor and transferee have already signed a free transfer agreement. At the same time, according to relevant regulations such as the "Regulations on the Supervision and Administration of State-owned Equity in Listed Companies", this free transfer of state-owned equity still needs to be approved by the Shanghai State-owned Assets Supervision and Administration Commission.