Ant Group reduces its stake in Zhongan Insurance H shares to 7.63% in response, stating that this is a normal investment decision and will not affect business cooperation.

The announcement from the Hong Kong Stock Exchange on June 24th showed that Ant Group reduced its holding of ZhongAn Insurance by over 33 million shares, reducing its H-share ownership to 7.63%. This is the second time Ant Group has reduced its holding in ZhongAn Insurance in the 12 years since investing in the company. In response, Ant Group stated that this reduction is a normal investment decision to optimize fund allocation efficiency, and will not affect the business cooperation between Ant Group and ZhongAn Insurance. Ant Group remains optimistic about the long-term development of ZhongAn Insurance. ZhongAn Insurance stated that the adjustment in shareholder structure will not affect the company's operations, and collaboration between the two parties will continue to explore innovation in areas such as insurance technology.