Xinhua Insurance: approved to issue 10 billion yuan of perpetual bonds

On the evening of June 18th, Xinhua Insurance announced that it recently received approval from the China Banking and Insurance Regulatory Commission to publicly issue perpetual capital bonds in the national interbank bond market not exceeding 10 billion yuan. The company had previously received administrative licensing approval from the People's Bank of China to issue perpetual capital bonds in the national interbank bond market. The company will actively promote the relevant issuance work and fulfill its information disclosure obligations in a timely manner.