Ping An Insurance of China : DISTRIBUTION OF INTERIM DIVIDEND AND CLOSURE OF REGISTER OF MEMBERS

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DISTRIBUTION OF INTERIM DIVIDEND AND

CLOSURE OF REGISTER OF MEMBERS

1. RESOLVED DISTRIBUTION OF INTERIM DIVIDEND

On August 27, 2020, the board of directors (the "Board") of Ping An Insurance (Group) Company of China, Ltd. (the "Company") has resolved to distribute an interim dividend (the "Interim Dividend") of RMB0.80 (tax inclusive, equivalent to HKD0.896405) per share (the "Share") in cash for the half year ended June 30, 2020.

According to the Articles of Association of the Company, the Board was authorized by the general meeting of the Company to distribute the Interim Dividend, which will be denominated and declared in Renminbi. The Interim Dividend for A Shares will be paid in Renminbi and the Interim Dividend for H Shares will be paid in Hong Kong dollars. The relevant exchange rate is the average central parity rate of Renminbi to Hong Kong dollars as announced by the People's Bank of China for the week prior to the date of this announcement (RMB0.892454 equivalent to HKD1.00). The Company has appointed Bank of China (Hong Kong) Trustees Limited as the receiving agent in Hong Kong (the "Receiving Agent") and will pay to the Receiving Agent the Interim Dividend declared for payment to the holders of H Shares (the "H Shareholders"). The Interim Dividend will be paid by the Receiving Agent and relevant cheques will be dispatched to the shareholders by ordinary post at their own risk.

According to the Detailed Rules for Implementation of Share Repurchase by Listed Companies promulgated by the Shanghai Stock Exchange (上海證券交易所《上市公司回購股份實施細則》) and other relevant regulations, the A Shares registered in the Company's repurchased securities account, after the trading hours on the record date of the holders of A Shares (the "A Shareholders") for the Interim Dividend (see below), shall not be entitled to the distribution of the Interim Dividend.

1. EXPECTED TIMETABLE

The expected timetable for the distribution of the Interim Dividend as set out below is indicative only. The expected timetable is subject to change, and any such change will be announced in a separate announcement by the Company as and when appropriate.

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Closure of the register of members
Record date of the A Shareholders for the
Interim Dividend	Tuesday, September 15, 2020
Latest time for lodging transfers of the H
Shares to qualify for entitlement to the
Interim Dividend	4:30 p.m. on Thursday, September 17, 2020
	Friday, September 18, 2020 to
Closure of the register of the H Shareholders	Wednesday, September 23, 2020
for the Interim Dividend	(both days inclusive)
Record date of H Shareholders for the
Interim Dividend	Wednesday, September 23, 2020

During the above closure periods, no transfer of H Shares will be registered. To qualify for the Interim Dividend, all properly completed transfer documents together with the relevant share certificates must be lodged for registration with the H Share registrar of the Company, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong no later than the aforementioned latest time.

Payment/distribution
Payment of the Interim Dividend for A
Shares	Wednesday, September 16, 2020
Payment of the Interim Dividend for H
Shares	Friday, October 23, 2020

The Company will withhold the enterprise income tax and the individual income tax as required by law when it distributes the dividend in cash to shareholders as listed on the Company's register of members of H Shares on Wednesday, September 23, 2020. The Company assumes no liability and will not deal with any dispute over income tax withholding triggered by failure to submit proof materials within the stipulated time frame, and H Shareholders shall either personally or appoint a representative to attend to the procedures in accordance with the applicable tax regulations and relevant provisions of the PRC. The detailed arrangements of withholding the enterprise income tax for the overseas non-resident enterprises and withholding the individual income tax for the overseas individual shareholders are set out in the section headed "Significant Events" contained in the announcement of unaudited results for the six months ended June 30, 2020 of the Company, and all investors are requested to read that part carefully. Shareholders are recommended to consult their tax advisors on tax implications involving Mainland China, the Hong Kong Special Administrative Region and other countries and regions regarding their holding and disposal of the H Shares.

By order of the Board

Sheng Ruisheng

Joint Company Secretary

Shenzhen, PRC, August 27, 2020

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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.

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