Ping An Insurance : Inside Information - Participation in the Restructuring of Peking University Founder Group Company Limited

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INSIDE INFORMATION

PARTICIPATION IN THE RESTRUCTURING OF

PEKING UNIVERSITY FOUNDER GROUP COMPANY LIMITED

This announcement is made by the board (the "Board") of directors of Ping An Insurance (Group) Company of China, Ltd. (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

In order to promote the construction of a health care ecosystem and to create a new engine for future value growth of the Company, the Board has approved the Company's participation in the substantive consolidated restructuring of Peking University Founder Group Company Limited (北大方正集團有限公司) ("Founder Group"), Founder Industry Holdings Co., Ltd. (方正產業控股有限公司), PKU Healthcare Industry Group Co., Ltd. (北大醫療產業集團有限公司), Peking University Founder Information Industry Group Co., Ltd. (北大方正信息產業集團有限公司) and Peking University Resource Group Limited (北大資源集團有限公 司) (the "Founder Group Restructuring") within the scope of its authorization.

On January 29, 2021, the Company was informed by the administrators (the "Administrators") of Founder Group that the consortium formed among Zhuhai Huafa Group Co. Ltd. ( 珠海華發集團有限公司) (representing the state-owned enterprises of Zhuhai Municipality), the Company and Shenzhen SDG Co., Ltd. (深圳市特發集團有限公司) has been selected as restructuring investor for the Founder Group Restructuring. The Administrators will subsequently proceed with the relevant work including the entering of the investment agreement and formulating the draft restructuring plan pursuant to relevant laws.

The draft restructuring plan is subject to the approval by the creditors at the creditors meeting of Founder Group as well as the adjudication and approval by the People's Court, so that uncertainties still remain. The Company will make timely disclosures based on the progress of participation in the Founder Group Restructuring.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares and other securities of the Company.

By order of the Board

Sheng Ruisheng

Joint Company Secretary

Shenzhen, PRC, January 29, 2021

As at the date of this announcement, the Executive Directors of the Company are Ma Mingzhe, Xie Yonglin, Tan Sin Yin, Yao Jason Bo and Cai Fangfang; the Non-executive Directors are Soopakij Chearavanont, Yang Xiaoping and Wang Yongjian; the Independent Non-executive Directors are Ge Ming, Ouyang Hui, Ng Sing Yip, Chu Yiyun and Liu Hong.