The China Banking and Insurance Regulatory Commission adjusts the risk factors of insurance companies' related businesses.

The China Banking and Insurance Regulatory Commission issued a notice regarding the adjustment of risk factors for insurance company-related businesses. After research, the following matters regarding risk factors for insurance company-related businesses are notified as follows: 1. The risk factor for holding Shanghai and Shenzhen 300 Index constituent stocks and CSI Dividend Low Volatility 100 Index constituent stocks for more than three years by insurance companies has been adjusted from 0.3 to 0.27. The holding period is determined based on the weighted average holding time for the past six years. 2. The risk factor for holding shares of companies listed on the Sci-Tech Innovation Board for more than two years by insurance companies has been adjusted from 0.4 to 0.36. The holding period is determined based on the weighted average holding time for the past four years. 3. The risk factor for insurance companies providing export credit insurance and China Export Credit Insurance Corporation's overseas investment insurance business has been adjusted from 0.467 to 0.42 for premiums, and from 0.605 to 0.545 for reserve funds. 4. Insurance companies should improve internal controls, accurately measure the holding time of investment stocks, and continuously improve their long-term capital investment management capabilities. 5. Insurance companies should strengthen solvency management, accurately measure various risk capital requirements, and ensure that all solvency data is true, accurate, and complete. 6. Inconsistencies between other documents regarding the above business risk factors and this notice shall be based on this notice.