New China Life Increases Stake in Guotai Haitong H Shares to 20.24%, Triggering a Disclosure Threshold

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New China Life Insurance increased its holdings of Guotai Haitong H shares by 9,959,600 shares through centralized competitive trading on the secondary market on September 29, 2026, representing approximately 0.28% of Guotai Haitong's issued H share capital. The participant in this stake increase was New China Asset Management, while New China Asset Management Hong Kong did not take part. Before this change, New China Life held 235,151,920 Guotai Haitong H shares through New China Asset Management, about 6.71% of its H share capital, and 464,501,200 shares through New China Asset Management Hong Kong, about 13.25% of total H shares. New China Life and its concert parties together held 699,653,120 shares, about 19.96% of H share capital. After the change, New China Life and its concert parties together held 709,612,720 Guotai Haitong H shares, about 20.24% of the listed company's H share capital. As of September 29, 2026, the book balance of New China Life's holdings in Guotai Haitong H shares was 8.97 billion yuan, accounting for 0.48% of New China Life's total assets at the end of the previous quarter. As of June 30, 2026, the book balance of New China Life's equity assets was 440.275 billion yuan, accounting for 24.34% of the company's total assets at the end of the previous quarter. Earlier on September 29, New China Life also disclosed that on September 22 it increased its holdings in AVIC Science and Technology Industry H shares by 16.876 million shares, about 0.27% of AVIC Science and Technology Industry's issued H share capital. After the increase, its total holdings were about 321 million shares, with its stake rising from 4.89% to 5.17%, triggering a disclosure threshold. This year, the enthusiasm for insurer stake disclosures has cooled markedly. As of October 9, five insurance companies had disclosed stakes in listed companies nine times, compared with more than 30 disclosures by 13 insurers in the same period last year.

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New China Life Insurance Co Ltd
601336
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New China Life disclosed increased equity holdings in Guotai Haitong and AviChina H shares, with the Guotai Haitong position at 0.48% of its total assets.