China Pacific Insurance Group granted an investment of 180 million yuan to Shanghai Guozhi Technology Co., Ltd.

The China Banking and Insurance Regulatory Commission recently approved China Pacific Insurance Group to use its own funds of 180 million yuan to invest in Shanghai Guozhi Technology Co., Ltd., with a shareholding ratio of 18%. The approval document requires the company to strictly comply with relevant laws and regulations in investing in Shanghai Guozhi Technology Co., Ltd. and its subsequent operation and management processes, establish and improve systems for risk isolation and related party transactions with Shanghai Guozhi Technology Co., Ltd., effectively prevent risks from spreading and conflicts of interest.