HSBC Insurance: Regarding the sale of our insurance business in Singapore, no final decision has been made yet.

Recently, media reports have suggested that Allianz from Germany may become the top buyer for HSBC's insurance business in Singapore, and the related transaction may be announced soon. This potential sale of assets is part of its ongoing efforts to optimize its business portfolio. A spokesperson for HSBC Insurance responded to journalists from Interface News, stating that HSBC declines to comment on market rumors. HSBC's life insurance business in Singapore is currently undergoing a strategic evaluation, and no final decision has been made yet. HSBC is committed to making Singapore a hub for international wealth management and corporate business, making it a key part of HSBC's overall strategy and a focus for investment and development within the group.