According to the China People's Insurance announcement, Beijing King & Wood Mallesons has issued a supplementary legal opinion on the company's issuance of A-shares to specific targets. From January 1, 2023 to June 30, 2026, the company and domestic branches imposed a total of 374 administrative penalties of more than 100,000 yuan, involving a single penalty of 146 million yuan. Another case stopped accepting new agricultural insurance business penalties. None of these were major offenses and did not constitute a substantial obstacle to issuance. As of June 30, 2026, the company was the defendant in 42 major lawsuits of 40 million yuan or more pending. The total amount involved was 7.905 billion yuan, accounting for 2.32% of the parent shareholders' equity ratio. It would not have a significant adverse impact on daily operations and financial conditions, and did not constitute an obstacle to issuance.

According to the China People's Insurance announcement, Beijing King & Wood Mallesons has issued a supplementary legal opinion on the company's issuance of A-shares to specific targets. From January 1, 2023 to June 30, 2026, the company and domestic branches imposed a total of 374 administrative penalties of more than 100,000 yuan, involving a single penalty of 146 million yuan. Another case stopped accepting new agricultural insurance business penalties. None of these were major offenses and did not constitute a substantial obstacle to issuance. As of June 30, 2026, the company was the defendant in 42 major lawsuits and arbitrations of 40 million yuan or more pending. The total amount involved was 7.905 billion yuan, accounting for 2.32% of the rights attributable to parent shareholders. It would not have a significant adverse impact on daily operations and financial conditions, and did not constitute an obstacle to issuance.