China Pacific Insurance (02601) plans to repurchase company's A shares.

China Pacific Insurance (02601) issued an announcement, stating that the company firmly believes that the fundamental long-term positive outlook of the Chinese economy remains unchanged, and is optimistic about the development prospects of the Chinese capital market. The company adheres to the investment philosophy of "value investment, long-term investment, prudent investment, and responsible investment," and sees long-term value in allocating to the Chinese equity market, leveraging the long-term investment advantage of insurance funds to be a patient capital in the market. The company increased its holdings in broad-based exchange-traded open-end index funds (ETFs) on April 7th, and plans to further leverage the long-term investment advantage of insurance funds by increasing investments in strategic emerging industries, advanced manufacturing, new types of infrastructure, and other areas to support the development of new productive forces, continuing to increase holdings of high-quality assets representing the future direction of China's economic development. Furthermore, based on the confidence in the company's future development and recognition of its value, in order to protect the interests of all shareholders and enhance investor confidence, Mr. Fu Fan, the Chairman of the Company, proposed on April 8th to repurchase some of the company's ordinary shares (A shares) with the company's own funds. The purpose of the share buyback includes but is not limited to maintaining the company's value and shareholder rights as permitted by laws and regulations, in order to enhance the company's long-term value. This matter is currently being planned, and the company will develop a reasonable and feasible share buyback plan, and will fulfill the approval procedures and timely disclosure obligations in accordance with relevant regulations. The share buyback will need to undergo the relevant approval procedures as per regulatory requirements before implementation. The final plan approved after the review may differ from the content of this announcement, so please refer to the plan approved by the company after completion of the approval process. There is uncertainty in the above matter, so investors are advised to be cautious of investment risks.