Friend Life responds to the approval of the establishment of an asset management company: Firmly optimistic about the long-term development and value of the Chinese market.

On June 18th, AIA Life Insurance Company Limited announced that it has obtained approval from the China Banking and Insurance Regulatory Commission to establish AIA Insurance Asset Management Co., Ltd. AIA Life stated that the approval for the establishment of AIA Insurance Asset Management not only demonstrates AIA Life's long-term commitment to the Chinese market, but also reflects the high level of openness of the Chinese financial industry. This move deepens AIA Life's development pace in China and becomes another important milestone in its continuous commitment to the Chinese market. AIA Insurance Asset Management aims to focus on improving the efficiency of the company's fund utilization, providing professional and refined investment management services for insurance assets, solidifying and expanding long-term investment capabilities, and providing strong support for AIA Life's insurance business to better serve Chinese customers.