Announcement • Aug 12
China Reinsurance (Group) Corporation to Report First Half, 2026 Results on Aug 28, 2026 China Reinsurance (Group) Corporation announced that they will report first half, 2026 results on Aug 28, 2026 Upcoming Dividend • Jun 25
Upcoming dividend of CN¥0.069 per share Eligible shareholders must have bought the stock before 30 June 2026. Payment date: 21 August 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 6.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.4%). Declared Dividend • Jun 07
Dividend of CN¥0.069 announced Shareholders will receive a dividend of CN¥0.069. Ex-date: 30th June 2026 Payment date: 21st August 2026 Dividend yield will be 56%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 4.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 04
China Reinsurance (Group) Corporation, Annual General Meeting, Jun 26, 2026 China Reinsurance (Group) Corporation, Annual General Meeting, Jun 26, 2026, at 09:30 China Standard Time. Location: meeting room on 6th floor and 24th floor, china re building, no. 11 jinrong avenue, xicheng district, beijing., China Announcement • May 30
China Reinsurance (Group) Corporation Announces Committee Changes The board of directors of China Reinsurance (Group) Corporation at its meeting held on May 29, 2026, made adjustments to the composition of specialised committees of the Board in light of work requirements. The adjustments to the relevant specialised committees of the Board are as follows: Strategy and Sustainable Development Committee/Consumer Rights Protection Committee: Mr. Zhuang Qianzhi has been appointed as the Chairman of the Strategy and Sustainable Development Committee/Consumer Rights Protection Committee of the Board, effective from 29 May 2026; Ms. Zhu Xiaoyun has been appointed as a member of the Strategy and Sustainable Development Committee/Consumer Rights Protection Committee of the Board, effective from 29 May 2026. Audit Committee: Mr. Lyu Zhi has been appointed as a member and the vice Chairman of the Audit Committee of the Board, effective from the date on which he officially performs his duties as a director; Mr. He Xingda and Mr. Zhang Xueyong have been appointed as members of the Audit Committee of the Board, effective from the date on which they officially perform their duties as directors. Nomination and Remuneration Committee: Ms. Ye Mei has been appointed as a member and the Chairlady of the Nomination and Remuneration Committee of the Board, effective from 29 May 2026; Mr. He Xingda has been appointed as a member of the Nomination and Remuneration Committee of the Board, effective from the date on which he officially performs his duties as a director. Risk Management Committee: Mr. He Xingda has been appointed as a member and the Chairman of the Risk Management Committee of the Board, effective from the date on which he officially performs his duties as a director; Ms. Ye Mei has been appointed as the vice Chairlady of the Risk Management Committee of the Board, effective from 29 May 2026; Mr. Zhou Zheng has been appointed as a member of the Risk Management Committee of the Board, effective from 29 May 2026; Mr. Zhang Xueyong has been appointed as a member of the Risk Management Committee of the Board, effective from the date on which he officially performs his duties as a director; Mr. Zhuang Qianzhi ceases to serve as a member of the Risk Management Committee of the Board, effective from 29 May 2026. Related-Party Transactions Control Committee: Mr. Zhang Xueyong has been appointed as a member and the Chairman of the Related-Party Transactions Control Committee of the Board, effective from the date on which he officially performs his duties as a director; Mr. Lyu Zhi has been appointed as a member of the Related-Party Transactions Control Committee of the Board, effective from the date on which he officially performs his duties as a director; Ms. Ye Mei ceases to serve as the Chairlady and a member of the Related-Party Transactions Control Committee of the Board, effective from the date on which Mr. Zhang Xueyong officially performs his duties as a director. The ‘Strategy and Sustainable Development Committee under the Board’ shall be officially renamed the ‘Strategy and Sustainable Development Committee/Consumer Rights Protection Committee under the Board’ effective as of the date when the work rules take effect. Board Change • May 20
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Yaohui Jiang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 02
China Reinsurance (Group) Corporation Proposes Final Dividend for the Year Ended 31 December 2025, Payable on 21 August 2026 China Reinsurance (Group) Corporation recommends the payment of final dividend for the year ended 31 December 2025 of RMB 0.0691 per share (tax inclusive), totaling approximately RMB 2,935 million (the "2025 Final Dividend"). The 2025 Final Dividend is subject to the approval of shareholders of the Company at the 2025 annual general meeting, and is expected to be paid on Friday, 21 August 2026 to the shareholders of the Company whose names appear on the register of members of the Company on 8 July 2026, denominated and declared in Renminbi. Among them, the dividend for H shares will be paid in Hong Kong dollars, which shall be calculated at the average central parity rate of Hong Kong dollars against Renminbi in the interbank foreign exchange market for the last five business days up to and including the date of the 2025 annual general meeting published by China Foreign Exchange Trade System as authorised by the People's Bank of China. Announcement • Mar 12
China Reinsurance (Group) Corporation to Report Fiscal Year 2025 Results on Mar 30, 2026 China Reinsurance (Group) Corporation announced that they will report fiscal year 2025 results on Mar 30, 2026 Announcement • Mar 03
China Reinsurance (Group) Corporation Announces Change of Joint Company Secretaries, Effective February 28, 2026 China Reinsurance (Group) Corporation announced that, due to changes in work arrangements, Ms. Ng Sau Mei will cease to serve as a company secretary of the Company with effect from February 28, 2026. Mr. Cao Shunming and Ms. Chung Man Nar Mona have been appointed as joint company secretaries of the Company, effect from 28 February 2026. Mr. Cao Shunming, born in August 1974, is the Assistant President, the Chief Risk Officer and the Chief Compliance Officer of the Company. He holds a doctoral degree in law, and is an associate researcher. Prior to joining the Company, Mr. Cao worked in People’s Insurance Company of China, PICC Asset Management Company Limited and PICC Property and Casualty Company Limited. Mr. Cao served as the deputy general manager of risk management and legal and compliance department, the deputy general manager and general manager of the internal control, compliance and legal affairs department, the employee representative supervisor, the legal controller, the general manager of the risk management department, Compliance Chief of the Company, the chairman of the supervisory committee of Huatai Insurance Agency and Consultant Service Limited and the chairman of China Re Catastrophe Risk Management Company Ltd. Mr. Cao holds a lawyer qualification in the PRC. Ms. Chung Man Nar Mona is a director of company secretarial services department of TMF Hong Kong Limited, and an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom, responsible for providing company secretarial and compliance services to clients. Ms. Chung has over 25 years of experience in company secretarial industry, and possesses extensive knowledge and experience in corporate governance and compliance matters. Announcement • Jan 28
China Reinsurance (Group) Corporation Announces Abolishment of Board of Supervisors China Reinsurance (Group) Corporation announced that the Rules of Procedures of the Board of Supervisors of China Reinsurance (Group) Corporation and other corporate governance systems related to the Board of Supervisors shall be abolished accordingly, and Mr. Zhu Hailin, Mr. Zeng Cheng, Mr. Qin Yueguang and Mr. Li Jingye, being members of the Board of Supervisors, shall no longer serve as Supervisors or perform related duties of the Board of Supervisors. Each of Mr. Zhu Hailin, Mr. Zeng Cheng, Mr. Qin Yueguang and Mr. Li Jingye has confirmed that he has no disagreement with the Board and the Board of Supervisors and that there are no matters that should be brought to the attention of the shareholders of the Company. Announcement • Jan 02
China Reinsurance (Group) Corporation Appoints Zhu Xiaoyun as Vice Chairlady and President China Reinsurance (Group) Corporation announced that Ms. Zhu Xiaoyun, the executive director of the Company, is appointed as the vice chairlady of the fifth session of the Board of the Company. She shall formally assume office from December 31, 2025. Ms. Zhu’s term of office will expire upon the expiration of the term of the fifth session of the Board, and she may serve consecutive terms if she is re-elected upon the expiration of her term of office. Ms. Zhu Xiaoyun, born in August 1975, holds a master’s degree in economics and is an economist. She is an executive Director, Vice Chairlady and the provisional person-in-charge acting on behalf of the president of the Company. Ms. Zhu joined the Company in 1998 and had served as the deputy head of the office of the Board, the deputy head and head of the office, the head of the general office (party committee office), the head of the party committee organisation department, the general manager of Human Resources Department of the Company, as well as the Board Secretary, the Joint Company Secretary and the Vice President of the Company, the chairlady of China Property & Casualty Reinsurance Company Ltd., a director of Huatai Insurance Agency & Consultant Service Ltd., and a director of China Insurance Media Company Ltd. (currently known as China Financial Media Company Limited). The Board announced that Ms. Zhu is appointed as the president of the Company due to work requirement. She will formally assume office after her qualification as the president is approved by the National Financial Regulatory Administration until the expiration of the term of the fifth session of the Board, and she may serve consecutive terms if she is re-elected upon the expiration of her term of office. The biographical details of Ms. Zhu which are required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules are set out above. Announcement • Aug 15
China Reinsurance (Group) Corporation to Report First Half, 2025 Results on Aug 29, 2025 China Reinsurance (Group) Corporation announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jun 27
China Reinsurance (Group) Corporation Announces Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 22 August 2025 China Reinsurance (Group) Corporation announced final ordinary dividend of RMB 0.05 per share for the year ended 31 December 2024. Date of shareholders' approval: 27 June 2025, Ex-dividend date: 02 July 2025, Record date: 09 July 2025 and Payment date: 22 August 2025. Announcement • Jun 05
China Reinsurance (Group) Corporation, Annual General Meeting, Jun 27, 2025 China Reinsurance (Group) Corporation, Annual General Meeting, Jun 27, 2025, at 09:30 China Standard Time. Location: 24th floor, china re building, no. 11 jinrong avenue, xicheng district, beijing, prc., China Announcement • Mar 13
China Reinsurance (Group) Corporation to Report Fiscal Year 2024 Results on Mar 28, 2025 China Reinsurance (Group) Corporation announced that they will report fiscal year 2024 results on Mar 28, 2025 Announcement • Dec 27
China Reinsurance (Group) Corporation Announces Board Committee Changes China Reinsurance (Group) Corporation announced that, it has made adjustments to the composition of specialized committees of the Board in light of work requirements. The adjustments to the relevant specialized committees of the Board are as follows: Nomination and Remuneration Committee: Ms. Ye Mei, independent non-executive director of the Company, ceases to serve as a member of the nomination and remuneration committee of the Board, effective from the date on which Mr. Keung Yui Fai officially performs his duties as a director of the company; Mr. Keung Yui Fai has been appointed as a member of the nomination and remuneration committee of the Board, effective from the date on which he officially performs his duties as a director of the company. Risk Management Committee: Ms. Zhu Xiaoyun has been appointed as a member of the risk management committee of the Board, effective from the date on which she officially performs her duties as a director of the company. Related-Party Transactions Control Committee: Mr. Keung Yui Fai has been appointed as a member of the related-party transactions control committee of the Board, effective from the date on which he officially performs his duties as a director of the company. Announcement • Dec 02
China Reinsurance (Group) Corporation Announces Retirement of Ms. Wang Xiaoya as Non-Executive Director, the Vice Chairlady and Member of the Risk Management Committee, A Member of the Strategy and Sustainable Development Committee and A Member of the Audit Committee The board of directors of China Reinsurance (Group) Corporation announced that due to attaining the statutory retirement age, Ms. Wang Xiaoya ceases to be the non-executive director of the Company, the vice chairlady and a member of the risk management committee, a member of the strategy and sustainable development committee and a member of the audit committee under the Board. The retirement of Ms. Wang Xiaoya comes into effect from 2 December 2024 when the letter of retirement from Ms. Wang Xiaoya has been served on the Board. Announcement • Oct 09
China Reinsurance (Group) Corporation Approves Board Elections China Reinsurance (Group) Corporation at its EGM held on October 8, 2024 approved election of Zhu Xiaoyun as an executive director of the fifth session of the board of directors. The company also approved election of Mr. Keung Yui Fai as an independent non-executive director of the fifth session of the board of directors. Reported Earnings • Sep 02
First half 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.047 in 1H 2023) First half 2024 results: EPS: CN¥0.14 (up from CN¥0.047 in 1H 2023). Revenue: CN¥53.4b (up 16% from 1H 2023). Net income: CN¥5.73b (up 185% from 1H 2023). Profit margin: 11% (up from 4.4% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Sep 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings are forecast to decline by an average of 12% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Aug 30
China Reinsurance (Group) Corporation Announces Change of Joint Company Secretary The board of directors of China Reinsurance (Group) Corporation announced that due to change of her work commitment, Ms. Zhu Xiaoyun will cease to be the joint company secretary of the Company with effect from the date on which the successor to the joint company secretary assumes official duties. The Board announced that Mr. Liu Yuanzhang has been appointed as the joint company secretary of the Company. Mr. Liu Yuanzhang, born in February 1978, is the Assistant to President of the Company, and holds a master's degree in economics. Mr. Liu had served as the director of human resources department (party committee organisation department), assistant to the general manager/assistant to the director, deputy general manager/deputy director and general manager/director of the Company, and the chairman of Huatai Insurance Agency & Consultant Service Ltd., etc. He now concurrently serves as the human resources director and general manager of the human resources department of the Company. Mr. Liu has been the Assistant to President of the Company since March 2024. Announcement • Aug 15
China Reinsurance (Group) Corporation to Report Q2, 2024 Results on Aug 30, 2024 China Reinsurance (Group) Corporation announced that they will report Q2, 2024 results on Aug 30, 2024 Announcement • Jun 28
China Reinsurance (Group) Corporation Approves Final Dividend for the Year Ended December 31, 2023, Payable on August 23, 2024 China Reinsurance (Group) Corporation shareholders on June 28, 2024 approved to declare Final Dividend of RMB 0.042 per share for the Year Ended 31 December 2023. Payment date: 23 August 2024; Record date: 10 July 2024; Ex-dividend date: 03 July 2024. Declared Dividend • Jun 09
Dividend of CN¥0.042 announced Shareholders will receive a dividend of CN¥0.042. Ex-date: 3rd July 2024 Payment date: 23rd August 2024 Dividend yield will be 75%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 3.8% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 08
China Reinsurance (Group) Corporation, Annual General Meeting, Jun 28, 2024 China Reinsurance (Group) Corporation, Annual General Meeting, Jun 28, 2024, at 09:30 China Standard Time. Location: 24th floor, china re building, no. 11 jinrong avenue, xicheng district, beijing China New Risk • Mar 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 28
China Reinsurance (Group) Corporation Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 23 August 2024 China Reinsurance (Group) Corporation proposed final dividend for the Year Ended 31 December 2023 of RMB 0.042 per share. Payment date: 23 August 2024. Record date: 10 July 2024. Announcement • Mar 13
China Reinsurance (Group) Corporation to Report Fiscal Year 2023 Results on Mar 27, 2024 China Reinsurance (Group) Corporation announced that they will report fiscal year 2023 results on Mar 27, 2024 Announcement • Mar 05
China Reinsurance (Group) Corporation Appoints Jia Xiangxiang and Zhou Zheng as the Non-Executive Directors China Reinsurance (Group) Corporation announced at its EGM held on 4 March 2024 the appointment of Jia Xiangxiang and Zhou Zheng as the non-executive Directors of the fifth session of the Board. Announcement • Feb 29
China Reinsurance (Group) Corporation Appoints Ye Mei as Member of the Nomination and Remuneration Committee China Reinsurance (Group) Corporation announced that Ms. Ye Mei has been appointed as a member of the nomination and remuneration committee of the fifth session of the board, with a term of office commencing from 29 February 2024 until the expiration of the term of the fifth session of the Board. As stated in the announcement of the Company dated 27 December 2023, Ms. Ye Mei has been appointed as a member of the audit committee, a member of the risk management committee, and a member and the chairlady of the related-party transactions control committee of the fifth session of the Board with effect from 27 December 2023. Announcement • Dec 27
China Reinsurance (Group) Corporation Announces Appointment of Ye Mei as Member of the Audit Committee, A Member of Risk Management Committee, and Member and Chairlady of Related-Party Transactions Control Committee The board of directors of the China Reinsurance (Group) Corporation announced that Ms. Ye Mei has been appointed as a member of the audit committee, a member of the risk management committee, and a member and the chairlady of the related-party transactions control committee of the fifth session of the Board, with a term of office commencing from 27 December 2023 until the expiration of the term of the fifth session of the Board. Announcement • Dec 20
China Reinsurance (Group) Corporation Officially Approves the Appointment of Ms. Ye Mei as Independent Non-Executive Director China Reinsurance (Group) Corporation dated 3 March 2023 in relation to, among other things, the election of Ms. Ye Mei as an independent non-executive director of the fifth session of the board of directors of the company. The appointment of Ms. Ye Mei in relation to the above position shall be effective upon her qualification as a director being approved by the National Administration of Financial Regulation and the implementation of the procedural requirements stipulated in the articles of association of the company. The Board announced that the company received the approval from the National Administration of Financial Regulation on the qualification of Ms. Ye Mei on 12 December 2023. Pursuant to such approval, the National Administration of Financial Regulation approved the qualification of Ms. Ye Mei as a director of the Company. On 20 December 2023, the company officially appointed Ms. Ye Mei as an independent non-executive director of the Company, and Ms. Ye Mei officially started to perform her duties on such date until the expiry of the term of the fifth session of the Board and is eligible for re-election upon expiry of her term of office. Reported Earnings • Aug 31
First half 2023 earnings released: EPS: CN¥0.047 (vs CN¥0.04 in 1H 2022) First half 2023 results: EPS: CN¥0.047 (up from CN¥0.04 in 1H 2022). Revenue: CN¥49.6b (down 41% from 1H 2022). Net income: CN¥2.01b (up 20% from 1H 2022). Profit margin: 4.1% (up from 2.0% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Aug 30
China Reinsurance (Group) Corporation Announces Appointment of Members of Board Committees for the Fifth Session of the Board and Appointment of President On 29 August 2023, China Reinsurance (Group) Corporation held a Board meeting to elect the members of Board committees for the fifth session of the Board as follows: Strategy and Investment Committee: Chairman: He Chunlei; Members: Zhuang Qianzhi, Wang Xiaoya, Li Bingquan, Yang Changsong; Audit Committee: Chairman: Dai Deming, Vice chairman: Li Bingquan Members: Wang Xiaoya, Jiang Bo; Nomination and Remuneration Committee: Chairlady: Jiang Bo, Vice chairman: Yang Changsong, Members: Li Wenfeng, Dai Deming; Risk Management Committee: Chairlady: Jiang Bo Vice chairlady: Wang Xiaoya Members: Zhuang Qianzhi, Li Bingquan; Related-Party Transactions Control Committee Vice chairman: Li Wenfeng Member: Dai Deming. APPOINTMENT OF PRESIDENT: On 29 August 2023, Mr. Zhuang Qianzhi was appointed as the president of the Company, with a term of office consistent with that of the fifth session of the Board. Please refer to the Circular and the Annual Report for the biographical details of Mr. Zhuang Qianzhi and other information disclosed pursuant to Rule 13.51(2) of the Listing Rules. Announcement • Aug 17
China Reinsurance (Group) Corporation Provides Earnings Guidance for the First Half Year of 2023 China Reinsurance (Group) Corporation provided earnings guidance for the first half year of 2023. Based on the preliminary estimates made by the Company, it is estimated that the net profit attributable to the equity shareholders of the parent company of the Group for the first half year of 2023 may increase by approximately 260% to 360% as compared to the corresponding period for the year 2022. Announcement • Aug 15
China Reinsurance (Group) Corporation to Report First Half, 2023 Results on Aug 29, 2023 China Reinsurance (Group) Corporation announced that they will report first half, 2023 results on Aug 29, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of CN¥0.014 per share at 2.8% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 22 August 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.5%). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.15 in FY 2021) Full year 2022 results: EPS: CN¥0.04 (down from CN¥0.15 in FY 2021). Revenue: CN¥168.3b (up 2.6% from FY 2021). Net income: CN¥1.87b (down 71% from FY 2021). Profit margin: 1.1% (down from 3.9% in FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year. Announcement • Feb 11
China Reinsurance (Group) Corporation Provides Earnings Guidance for the Year Ended December 31, 2022 China Reinsurance (Group) Corporation provided earnings guidance for the year ended December 31, 2022. Based on the preliminary estimates made by the Company, it is estimated that the net profit of the Group attributable to the equity shareholders of the parent company for the year 2022 may decrease by approximately 60% to 70% as compared to the corresponding period for the year 2021. The estimated decrease in results of the Group for the year 2022 was mainly due to: (i) the year-on-year decrease in investment income as the capital market experienced significant fluctuations as affected by the factors such as the resurgence of the COVID-19 pandemic, geopolitical conflicts and macroeconomic pressure; and (ii) larger loss in investment of certain non-holding enterprise. Announcement • Dec 08
China Reinsurance (Group) Corporation Announces Board Changes China Reinsurance (Group) Corporation announced that the appointment of Mr. He Chunlei as the Chairman of the board of directors of the company; and the appointment of Mr. He Chunlei as the chairman of the Strategy and Investment Committee of the Board. The appointment of Mr. He Chunlei in relation to the above positions shall be effective upon his Chairman's qualification being approved by the China Banking and Insurance Regulatory Commission and the implementation of the procedural requirements set out in the articles of association of the company. The Board announced that, on 5 December 2022, the Company received the approval for the qualification of Mr. He Chunlei from the CBIRC. According to such approval, the CBIRC approved Mr. He Chunlei's qualification as the Chairman of the Company. The Company officially appointed Mr. He Chunlei as the Chairman of the Company on 7 December 2022, and Mr. He Chunlei officially performs his duties as the Chairman and the chairman of the Strategy and Investment Committee of the Board from that date, until the expiration of the term of the fourth session of the Board. He may serve consecutive terms if he is re-elected upon the expiration of his term of office. The company also announced that the appointment of Mr. Zhuang Qianzhi as the Vice Chairman of the Company. His appointment shall take effect after Mr. He Chunlei ceases to be the Vice Chairman of the Company and the implementation of the procedural requirements set out in the Articles of Association. The Board further announces that as Mr. He Chunlei has duly performed his duties as the Chairman and ceased to be the Vice Chairman of the Company since 7 December 2022, the Company officially appointed Mr. Zhuang as the Vice Chairman of the Company on 7 December 2022, and Mr. Zhuang officially performs his duties as the Vice Chairman of the Company from that date, until the expiration of the term of the fourth session of the Board. He may serve consecutive terms if he is re-elected upon the expiration of his term of office. Announcement • Dec 02
China Reinsurance (Group) Corporation Receives Approval from CBIRC for Appointment of Zhu Hailin as Supervisor The board of directors of China Reinsurance (Group) Corporation announced that the Company received the approval for the qualification of Mr. Zhu Hailin from the CBIRC on 28 November 2022. According to such approval, the CBIRC approved Mr. Zhu Hailin's qualification of being a supervisor of the Company. The Company officially appointed Mr. Zhu Hailin as a supervisor of the Company on 1 December 2022, and Mr. Zhu Hailin officially performs his duties from that date, until the expiration of the term of the fourth session of the Board of Supervisors. He may serve consecutive terms if he is re-elected upon the expiration of his term of office. Meanwhile, Mr. Zhu Hailin officially performs his duties as the chairman of the fourth session of the Board of Supervisors and the chairman of the Performance Supervision and Inspection Committee of the Board of Supervisors since 1 December 2022. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Bo Jiang was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
China Reinsurance (Group) Corporation Announces Board Changes China Reinsurance (Group) Corporation (the Company) dated 29 August 2022 and 27 September 2022 in relation to, among others, (i) the election of Mr. Yang Changsong as a non-executive director of the fourth session of the board of directors of the Company; and (ii) the appointment of Mr. Yang Changsong as a member of the Strategy and Investment Committee and a member and the vice chairman of the Nomination and Remuneration Committee of the Board. The appointment of Mr. Yang Changsong in relation to the above positions shall be effective upon his director's qualification being approved by the China Banking and Insurance Regulatory Commission (the CBIRC) and the implementation of the procedural requirements set out in the articles of association of the Company. The Board announced that the Company received the approval for the qualification of Mr. Yang Changsong from the CBIRC on 3 November 2022. According to such approval, the CBIRC approved Mr. Yang Changsong's qualification of being a director of the Company. The Company officially appointed Mr. Yang Changsong as a non-executive director of the Company, a member of the Strategy and Investment Committee and a member and the vice chairman of the Nomination and Remuneration Committee of the Board on 8 November 2022, and Mr. Yang Changsong officially performs his duties from that date, until the expiration of the term of the fourth session of the Board. He may serve consecutive terms if he is re-elected upon the expiration of his term of office. The Board further announced that Mr. Wen Ning has tendered his resignation as the non-executive director of the Company, a member of the Strategy and Investment Committee, a member and the vice chairman of the Nomination and Remuneration Committee of the Board due to work re-arrangement. The resignation comes into effect from 8 November 2022 when the letter of resignation from Mr. Wen Ning has been served on the Board. Mr. Wen Ning confirms that he has no disagreement with the Board and there is no other matter that should be brought to the attention of the shareholders of the Company. As of November 8, 2022, the executive directors of the Company are Mr. He Chunlei and Mr. Zhuang Qianzhi, the non-executive directors of the Company are Mr. Yang Changsong, Ms. Wang Xiaoya, Mr. Liu Xiaopeng and Mr. Li Bingquan, and the independent non-executive directors of the Company are Mr. Hao Yansu, Mr. Li Sanxi, Ms. Mok Kam Sheung and Ms. Jiang Bo. Announcement • Nov 02
China Reinsurance (Group) Corporation Announces Management Changes The board of directors of China Reinsurance (Group) Corporation announced that due to work requirement, Mr. Zhuang Qianzhi (Mr. Zhuang), the executive director of the company, is appointed as the vice chairman of the fourth session of the Board. He shall officially perform his duties from the date on which Mr. He Chunlei ceases to serve as the vice chairman of the Company and the fulfillment of the procedures stipulated in the articles of association of the Company (the "Articles of Association") until the expiration of the term of the fourth session of the Board, and he may serve consecutive terms if he is re-elected upon the expiration of his term of office. Mr. Zhuang Qianzhi currently serves as an executive director and the vice president of the company. He is a senior economist. Before joining the Company, Mr. Zhuang served as the deputy manager of the financial advisory division of the investment banking department and the senior manager in the securities pledged loan division of the business department under the head office of China Construction Bank Corporation (a company listed on the Shanghai Stock Exchange and listed on the main board of The Stock Exchange of Hong Kong Limited; the deputy general manager of the investment banking department, the general manager of strategy department and risk management department and the head of the general office of China Jianyin Investment Ltd.; an executive director and the vice president of Southwest Securities Co. Ltd.; the chairman of the board of directors of JIC Technology Investment Co. Ltd., and the assistant to the president of China Jianyin Investment Ltd. Mr. Zhuang has been the vice president of the company since April 2021 and he has been an executive director of the Company since August 2021. Mr. Zhuang holds a doctoral degree in economics. The Board announced that Mr. Zhuang is appointed as the president of the company due to work requirement, and he shall officially perform his duties after his qualification as the president is approved by the China Banking and Insurance Regulatory Commission and the fulfillment of the procedures stipulated in the Articles of Association until the expiration of the term of the fourth session of the Board, and he may serve consecutive terms if he is re-elected upon the expiration of his term of office. From 1 November 2022, Mr. Zhuang shall act as the provisional person-in-charge acting on behalf of the president of the Company, until the date when Mr. Zhuang officially performs his duties as the president of the company. Mr. He Chunlei ceases to serve as the president of the Company due to work arrangement with effect from 1 November 2022. Mr. He Chunlei confirms that he has no disagreement with the Board, and there are no other matters that should be brought to the attention of the shareholders of the company. Announcement • Sep 28
China Reinsurance (Group) Corporation Announces Executive Appointments China Reinsurance (Group) Corporation announced that Upon the approval at the First EGM of 2022, Mr. Yang Changsong was appointed as a non-executive Director of the fourth session of the Board. Mr. Yang Changsong will officially perform his duty after his qualification as a Director is approved by the CBIRC and the procedural requirements set out in the Articles of Association are performed. Also announced that, Mr. Zhu Hailin was appointed as a Shareholder representative Supervisor of the fourth session of the Board of Supervisors. In addition, immediately upon the conclusion of the First EGM of 2022, the Company held meetings of the Board of Supervisors and the Performance Supervision and Inspection Committee of the Board of Supervisors, and elected Mr. Zhu Hailin as the chairman of the fourth session of the Board of Supervisors and the chairman of the Performance Supervision and Inspection Committee of the Board of Supervisors respectively. Mr. Zhu Hailin will officially perform his duty after his qualification as a Supervisor is approved by the CBIRC and the procedural requirements set out in the Articles of Association are performed. Announcement • Sep 16
China Reinsurance (Group) Corporation Announces Resignation of Executive Director and Appointment of Chairman of the Board and Chairman of Specialized Committee of the Board The board of directors of China Reinsurance Corporation announces that Mr. Yuan Linjiang has tendered his resignation as the chairman of the Board, theexecutive director, the chairman and a member of the Strategy and Investment Committee of the Board of the Company due to work re-arrangement. The resignation comes into effect from 15 September 2022 when the letter of resignation from Mr. Yuan Linjiang has been served on the Board. Mr. Yuan Linjiang confirms that he has no disagreement with the Board, and there are no other matters that should be brought to the attention of the shareholders of the Company. The Board announced that, Mr. He Chunlei is appointed as the chairman of the fourth session of the Board (the "Chairman of the Board"), duties of which shall be officially performed by him upon the approval of his qualification as the Chairman of the Board by the China Banking and Insurance Regulatory Commission and the performance of the procedural requirements set out in the Articles of Association of the Company. His term of office will end on the expiration of the term of the fourth session of the Board. He may serve consecutive terms if he is re-elected upon expiration of his term of office. Before Mr. He Chunlei officially performs his duties as the Chairman of the Board, he shall act on behalf of the legal representative of the Company and Chairman of the Board for a term commencing from 15 September 2022 and ending on the date when Mr. He Chunlei officially performs his duties as the Chairman of the Board. In addition, Mr. He Chunlei is appointed as the chairman of the Strategy and Investment Committee of the fourth session of the Board of the Company due to work requirement, with effect from the date when he officially performs his duties as the Chairman of the Board. Mr. He Chunlei, born in April 1965, and has a doctoral degree in economics. He is currently a vice chairman of the Board, an executive director and the president of the Company. Before joining the Company, Mr. He served in the Economic Research Institute of the Academy of Social Sciences of Shaanxi Province, and the economics post-doctorate mobile station of the Chinese Academy of Social Sciences. Reported Earnings • Aug 31
First half 2022 earnings released: EPS: CN¥0 (vs CN¥0.094 in 1H 2021) First half 2022 results: EPS: CN¥0 (down from CN¥0.094 in 1H 2021). Revenue: CN¥83.9b (up 1.6% from 1H 2021). Net income: CN¥1.68b (down 58% from 1H 2021). Profit margin: 2.0% (down from 4.9% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.6%, compared to a 27% growth forecast for the Insurance industry in Germany. Announcement • Aug 30
China Reinsurance (Group) Corporation Announces Change in the Composition of Specialized Committees of the Board The board of directors of China Reinsurance (Group) Corporation announced that, it has made adjustments to the composition of specialised committees of the Board in light of work requirements. Except for Mr. Yang Changsong, those adjustments shall take effect from 29 August 2022. References are made to the announcement dated 22 July 2022 and the circular dated 12 August 2022 (the "Circular") of the Company, respectively, regarding, among other things, the election of Mr. Yang Changsong as a non-executive director of the fourth session of the Board. Mr. Yang Changsong shall officially perform his duty and serve as relevant members of the specialised committees of the Board upon the approval of his appointment as a director by the shareholders' general meeting of the Company, and upon the approval of his qualification as a director by the China Banking and Insurance Regulatory Commission and the performance of the procedural requirements set out in the articles of association of the Company. His term of office will end on the expiration of the term of the fourth session of the Board. For the biographical details of Mr. Yang Changsong and other information disclosed as required by Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, refer to the Circular. Save as disclosed herein, there has been no change of such information as at the date of this announcement. Strategy and Investment Committee: Mr. Yang Changsong has been appointed as a member of the Strategy and Investment Committee of the Board. Audit Committee: Mr. Wen Ning, a non-executive director of the Company, ceases to serve as a member of the Audit Committee of the Board; Ms. Jiang Bo, an independent non- xecutive director of the Company, ceases to serve as the vice chairlady of the AuditCommittee of the Board; Mr. Li Bingquan, a non-executive director of the Company, has been appointed as a member and the vice chairman of the Audit Committee of the Board. Nomination and Remuneration Committee: Mr. Yang Changsong has been appointed as a member and the vice chairman of the Nomination and Remuneration Committee of the Board. Risk Management Committee: Mr. Li Bingquan, a non-executive director of the Company, ceases to serve as a member of the Risk ManagementCommittee of the Board; Ms. Wang Xiaoya, a non-executive director of the Company, has been appointed as a member and the vice chairlady of the Risk Management Committee of the Board; Mr. Hao Yansu, an independent non-executive director of the Company, has been appointed as a member of the Risk Management Committee of the Board. Announcement • Aug 13
China Reinsurance (Group) Corporation to Report First Half, 2022 Results on Aug 29, 2022 China Reinsurance (Group) Corporation announced that they will report first half, 2022 results on Aug 29, 2022 Announcement • Aug 03
China Reinsurance (Group) Corporation Provides Earnings Guidance for the Year 2022 China Reinsurance (Group) Corporation provided earnings guidance for the year 2022. For the year, the company expects net profit of the Group attributable to the equity shareholders of the parent company for the first half year of 2022 may decrease by approximately 40% to 50% as compared to the corresponding period for the year 2021. The preliminary estimated financial information of the Group for the first half year of 2022 set out in this announcement have not been audited or reviewed by the Company's auditors. Announcement • Jun 24
China Reinsurance (Group) Corporation Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 18 August 2022 China Reinsurance (Group) Corporation proposed final dividend of RMB 0.045 (HKD 0.05271) per share for the year ended 31 December 2021. Record date is 04 July 2022 and payment date is 18 August 2022. Ex-dividend date is 27 June 2022. Date of shareholders' approval is 23 June 2022. Upcoming Dividend • Jun 20
Upcoming dividend of CN¥0.045 per share Eligible shareholders must have bought the stock before 27 June 2022. Payment date: 18 August 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (5.2%). Announcement • May 06
China Reinsurance (Group) Corporation, Annual General Meeting, Jun 23, 2022 China Reinsurance (Group) Corporation, Annual General Meeting, Jun 23, 2022, at 09:30 China Standard Time. Location: meeting room on 24th Floor, China Re Building No. 11 Jinrong Avenue, Xicheng District Beijing China Agenda: To consider and approve the report of the board of directors for the year 2021; to consider and approve the report of the board of supervisors for the year 2021; to consider and approve the final financial accounts report for the year 2021; to consider and approve the profit distribution plan for the year 2021; to consider and approve the investment budget for fixed assets for the year 2022; to consider and approve the 2022-2024 three-year rolling capital plan; to consider and approve the engagement of statutory financial reporting auditors and related fees for the year 2022; to consider and approve the external donations for the year 2022; and to consider other business issues. Announcement • May 02
China Reinsurance (Group) Corporation Announces Resignation of Xiong Lianhua as Chairlady of the Board of Supervisors The board of directors of China Reinsurance (Group) Corporation announced that, due to work rearrangement, Ms. Xiong Lianhua has tendered her resignation as the chairlady of the board of supervisors of the Company (the "Board of Supervisors"), a Supervisor and the chairlady of the Performance Supervision and Inspection Committee of the Board of Supervisors. The resignation will come into effect from 29 April 2022 when the letter of resignation from Ms. Xiong Lianhua has been served on the Board of Supervisors. Reported Earnings • May 01
Full year 2021 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in FY 2020) Full year 2021 results: EPS: CN¥0.15 (up from CN¥0.13 in FY 2020). Revenue: CN¥164.0b (down 2.5% from FY 2020). Net income: CN¥6.36b (up 11% from FY 2020). Profit margin: 3.9% (up from 3.4% in FY 2020). The increase in margin was driven by lower expenses. Combined ratio: 106.6% (up from 104.4% in FY 2020). Over the next year, revenue is forecast to grow 6.8%, compared to a 20% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Bo Jiang was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 29
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥164.0b (down 2.5% from FY 2020). Net income: CN¥6.36b (up 11% from FY 2020). Profit margin: 3.9% (up from 3.4% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 4.3%, compared to a 20% growth forecast for the insurance industry in Germany. Announcement • Mar 29
China Reinsurance (Group) Corporation Proposes Final Dividend for the Year Ended 31 December 2021, Payable on 18 August 2022 China Reinsurance (Group) Corporation proposed final dividend of RMB 0.045 per share for the year ended 31 December 2021. Record date is 04 July 2022 and payment date is 18 August 2022. Recent Insider Transactions • Oct 13
Insider recently bought €1.1m worth of stock On the 8th of October, Chiu Fai Choi bought around 11m shares on-market at roughly €0.10 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Sep 01
First half 2021 earnings released: EPS CN¥0.094 (vs CN¥0.058 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: CN¥82.5b (down 17% from 1H 2020). Net income: CN¥4.01b (up 63% from 1H 2020). Profit margin: 4.9% (up from 2.5% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Executive Departure • Aug 04
Non-Executive Director Xiuli Lu has left the company On the 30th of July, Xiuli Lu's tenure as Non-Executive Director ended after 6.6 years in the role. We don't have any record of a personal shareholding under Xiuli's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 4.33 years. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.13 (vs CN¥0.14 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥168.1b (up 18% from FY 2019). Net income: CN¥5.71b (down 5.6% from FY 2019). Profit margin: 3.4% (down from 4.2% in FY 2019). The decrease in margin was driven by higher expenses. Combined ratio: 104.4% (up from 99.9% in FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Apr 27
China Reinsurance (Group) Corporation Recommends the Payment of Final Dividend for the Year Ended December 31, 2020 The Board of China Reinsurance (Group) Corporation recommended the payment of final dividend for the year ended December 31, 2020 of RMB 0.041 per share (tax inclusive), totalling approximately RMB 1,742 million. The 2020 Final Dividend is subject to the approval of shareholders of the Company at the 2020 annual general meeting, and is expected to be paid to the shareholders on August 20, 2021 whose names appear on the register of members of the Company as at July 6, 2021 and will be denominated and declared in Renminbi, while the dividend for H shares will be paid in Hong Kong dollars, which shall be calculated at the average central parity rate of Hong Kong dollars against Renminbi in the interbank foreign exchange market for the last five business days up to and including the date of the 2020 annual general meeting published by China Foreign Exchange Trade System as authorised by the People's Bank of China. Reported Earnings • Mar 30
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥168.1b (up 18% from FY 2019). Net income: CN¥5.71b (down 5.6% from FY 2019). Profit margin: 3.4% (down from 4.2% in FY 2019). The decrease in margin was driven by higher expenses. Announcement • Mar 13
China Reinsurance (Group) Corporation to Report Fiscal Year 2020 Results on Mar 29, 2021 China Reinsurance (Group) Corporation announced that they will report fiscal year 2020 results on Mar 29, 2021 Announcement • Feb 26
China Reinsurance (Group) Corporation Announces Resignation of Ren Xiaobing as Executive Director, Member of the Strategy and Investment Committee and Member of the Risk Management Committee, Vice President, Compliance Controller, and Chief Risk Officer The board of directors of China Reinsurance (Group) Corporation announced that Mr. Ren Xiaobing has tendered his resignation as the executive director of the company, a member of the Strategy and Investment Committee and a member of the Risk Management Committee under the Board due to adjustment of work arrangement. The resignation will come into effect from 25 February 2021 when the letter of resignation from Mr. Ren Xiaobing has been served on the Board. In addition, Mr. Ren Xiaobing ceased to serve as the vice president, compliance controller, chief risk officer of the company and other positions from 25 February 2021. Executive Departure • Feb 26
VP, Compliance Controller, Chief Risk Officer & Executive Director has left the company On the 25th of February, Xiaobing Ren's tenure as VP, Compliance Controller, Chief Risk Officer & Executive Director ended after 5.7 years in the role. We don't have any record of a personal shareholding under Xiaobing's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total profits of CN¥5.20b, up 10.0% from the prior year. Total revenue was CN¥162.1b over the last 12 months, up 17% from the prior year. Announcement • Aug 16
China Reinsurance (Group) Corporation to Report First Half, 2020 Results on Aug 28, 2020 China Reinsurance (Group) Corporation announced that they will report first half, 2020 results on Aug 28, 2020 
