ZhongAn Online P & C Insurance : ANNOUNCEMENT IN RELATION TO KEY SOLVENCY-RELATED INDICATORS
October 30, 2019 at 07:37 am EDT
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眾 安 在 綫 財 產 保 險 股 份 有 限 公 司
ZHONGAN ONLINE P & C INSURANCE CO., LTD.*
(A joint stock limited company incorporated in the People's Republic of China with limited
liability and carrying on business in Hong Kong as "ZA Online Fintech P & C")
(Stock Code: 6060)
ANNOUNCEMENT IN RELATION TO
KEY SOLVENCY-RELATED INDICATORS
This announcement is made by ZhongAn Online P & C Insurance Co., Ltd. (the "Company") pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
According to the solvency margin requirements of the former China Insurance Regulatory Commission ("former CIRC"), the Company is required to disclose a summary of its solvency report on its official website (www.zhongan.com) and the website of the Insurance Association of China (www.iachina.cn).
The following unaudited data of the Company is disclosed in the said summary:
Solvency margin ratio indicators
As at September 30, 2019
RMB ten thousand
(except for percentages)
Actual capital
1,504,036.09
Core capital
1,504,036.09
Minimum capital
270,808.35
Comprehensive solvency margin ratio (%)
555.39%
Core solvency margin ratio (%)
555.39%
Note: Comprehensive solvency margin ratio = actual capital/minimum capital;
Core solvency margin ratio = core capital/minimum capital.
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Key operation indicators
For the third quarter of 2019
RMB ten thousand
Insurance business income
403,440.65
Net profit
-40,142.40
As at September 30, 2019
RMB ten thousand
Net asset
1,408,112.23
The above financial information was prepared in accordance with the Chinese Accounting Standards for Business Enterprises and the relevant requirements of the former CIRC. Such information has not been audited. Investors should exercise caution not to unduly rely on such information.
Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.
By Order of the Board
ZhongAn Online P & C Insurance Co., Ltd.
Yaping Ou
Chairman
Shanghai, the PRC, October 30, 2019
As at the date of this announcement, the board of directors of the Company comprises three executive directors, namely Mr. Yaping Ou (chairman), Mr. Jin Chen and Mr. Hugo Jin Yi Ou, five non-executive directors, namely Mr. Xinyi Han, Mr. Jimmy Chi Ming Lai, Mr. Guoping Wang, Mr. Xiaoming Hu and Mr. Fang Zheng, and five independent non-executive directors, namely Mr. Shuang Zhang, Ms. Hui Chen, Mr. Li Du, Mr. Yifan Li and Mr. Ying Wu.
For identification purposes only and carrying on business in Hong Kong as "ZA Online Fintech P & C"
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ZhongAn Online P & C Insurance Co. Ltd. published this content on 30 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 11:36:01 UTC
ZhongAn Online P & C Insurance Co., Ltd. is a China-based online insurance company. The Company provides insurance services include lifestyle consumption insurance, consumer finance insurance, health insurance, auto insurance and travel insurance. The Companyâs products include shipping return policy, online payment security insurance, account security insurance, phone accident policy, phone screen crack policy, Baobei Open Platform, Mashanghua, individual health insurance, group health insurance plans, flight accident and delay policy and among others.