China People's Insurance Company announced that today it received the “Exchange Review Opinions on the Issuance of Shares by China People's Insurance Group Co., Ltd. to Specific Targets” issued by the Shanghai Stock Exchange, believing that the company's application to issue shares to specific targets complies with the issuance conditions, listing conditions, and information disclosure requirements. The issue of issuing A-shares to specific targets requires registration with the approval of the China Securities Regulatory Commission before it can be implemented. There is uncertainty about whether consent can be obtained for registration and when it will finally be obtained.

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