China Life Property & Casualty Insurance Co., Ltd. (hereinafter ‘China Life P&C’), established on December 30, 2006, is a core member of the China Life Group. Its registered capital is RMB 18.8 billion, and its scope of operation includes property damage insurance, liability insurance, credit insurance, guarantee insurance, short-term health insurance and accident injury insurance, the reinsurance business of the above businesses, as well as the insurance funds use business allowed by national laws and regulations, and other businesses approved by the China Banking and Insurance Regulatory Commission. China Life P&C is steadfastly focused on sound and fast development. It conscientiously implements the decisions and deployment of the Party and the State on the reform and development of the insurance industry, fully draws on the comprehensive management advantages of the China Life Group, and is proactively adapting to the new norm of China’s economic development. It grasps opportunities in the property insurance industry and implements an innovationdriven developmental strategy in efforts to build a valuable, reputable, powerful, promising and first-rate property insurance company. We have now steadily grown to become an influential competitor in the property insurance market.