PICC GROUP (01339) plans to issue A-shares to raise no more than 15 billion yuan from the Ministry of Finance.

PICC GROUP (01339) announced that on September 6, 2026, the board of directors reviewed and approved the proposals regarding the general authorization for the issuance of shares by PICC GROUP Co., Ltd. and the proposal for the issuance of A-shares to specific entities. The recipients of this issuance will be the Ministry of Finance. The recipients intend to fully subscribe to the A-shares being issued by the company in cash. The number of A-shares to be issued will be determined by dividing the total amount of funds raised by the issuance price and, according to the general authorization provisions, shall not exceed 10% of the number of A-shares before this issuance. The scale of the funds raised in this issuance shall not exceed RMB 15 billion (including this amount), and after deducting relevant issuance expenses, all funds will be used to bolster the company's capital.