China Ping An Guo Xiaotao: It is expected that the overall capital market will improve this year and a certain amount of gold investment has been allocated to achieve expected returns.

Facing recent fluctuations in the stock market, Guo Xiaotao, Executive Director and Co-CEO of Ping An, stated at today's earnings conference that although there is much uncertainty this year and short-term volatility in the capital market, he expects the overall capital market to improve this year. Guo Xiaotao pointed out that patient capital needs to be aligned with the direction of national development, and new productive forces, infrastructure development, and healthcare are all certainty factors that will guide the direction of long-term asset allocation. Regarding gold investment, Guo Xiaotao said that Ping An has been actively allocating a certain amount of gold since the beginning of last year, and the investment return from gold has reached the expected effect. In the future, gold will also be considered as one of the asset categories, and the trend will continue to be monitored.