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                  About Ping An

                  Sustainable Businesses Integration

                  Ping An achieve the sustainable development goals through diverse businesses and various products.

                  Responsible Investment

                  Ping An incorporates responsible investment concepts into all investment activities to promote ESG integration in business development for stable returns

                  Ping An adheres to UNPRI’s ESG investment standards and relevant guidelines of domestic regulatory agencies, establish responsible investments through organizational structure and policy, investment strategy, applications and communication and promote the integration and development of ESG investments within Ping An.

                  Responsible Investment Strategy

                  Ping An actively follows the initiative of national regulatory agencies, pursues the best practices in the industry, acts in accordance with UN’s principles of responsible investment, and integrates the principles of responsible investment into various investment activities.

                  Responsible Investment

                  Investment Applications

                  From the perspective of investment risk management, the Group has gradually integrated ESG risks within the Group's investment risk management system. Ping An analyzes risks from climate change and social risk perspectives, and sets clear risk criteria according to their industry or regional asset portfolios for risk assessment. Currently, Ping An has responded to the G20 Financial Stability Board’s (FSB) initiative: to implemente governance, strategy, risk assessment, and goal setting disclosures according to TFCD’s framework.

                  For more details, please refer to the “Ping An Group Responsible Investment Policy”.

                  Underwriting Risk Management

                  Underwriting Risk Management

                  Ping An continues to research and monitor global climate change risks such as climate warming and extreme weather disasters/ events, and social change risks such as demographic changes, aging population, and high incidence of disease. Ping an manages and avoids risks in the underwriting process, integrats ESG risks within the Group's investment risk management system to achieve reasonable ESG risk pricing of insurance products.

                  Sustainable Insurance Product System

                  ESG related risks will encourage natural and market driven needs of developing new insurance products. For example, the increasing probability and frequency of extreme weather conditions and natural disasters bring a huge market for catastrophe insurance, and the change of population structure due to urbanization and aging also present a potential opportunity for developing insurance products for specifics groups of people. In addition, Ping An is also keen on developing inclusive financing insurance products for the less fortunate groups in need of risk coverage.
                  Ping An actively carries out joint research with peers and industry partners to continuously improve the diversity and professionalism of Ping An green insurance and inclusive insurance product offerings.

                  Ping An has developed a unique sustainable insurance product system that not only promotes the company’s own economic growth, but also serves the customers while benefiting the environment and the society.

                  Sustainable Insurance

                  Ping An takes environmental and social factors into insurance practice considerations, sets appropriate risk pricing, and continues to improve our sustainable insurance system.

                  As a responsible and diversified insurance company, Ping An is committed to integrate ESG concepts into our insurance businesses. This dedication is shown through und-erwriting risk management, namely setting proper risk pricing for insurance products and risk management of the insurer, and the sustainable insurance product system.

                  For more details, please refer to the “Ping An Group Sustainable Insurance Policy”.

                  Statement on Coal-related Business

                  Ping An underwrites and invest coal-related projects based on case-by-case assessment.

                  • Statement on Coal-related Business

                    Coal-related Business Commitment

                    Ping An actively responds to the initiative of national regulatory agencies and the United Nations Principles for Responsible Investment (UNPRI) to integrate responsible investment into all types of investment activities. Sustainable insurance system has also been built up in order to involve ESG factors into underwriting business. Ping An has been taking actions from 2015 to gradually reduce the coal investment percentage by 30% before 2030. Making strict underwriting restrictions for coal industry clients based on the environmental-friendly performance of each company, considering details including energy transition efficiency, corporate governance, and environmental damage risks. Ensure continued growth of clean energy and new energy industry both for the investment and underwriting business in the next decades.

                  For more details, please refer to the “Statement on Coal-related Business of Ping An Group”.

                  Information Security and AI Governance

                  Ping An implements the highest standard in regards to information security with strict privacy protection
                  and ethical governance for artificial intelligence applications.

                  Information Security and Privacy Protection

                  Privacy protection is our top priority in our information security management system, and also the bottom line of our management. We have developed the Data Management Measures, External Data Cooperation Management Measures and other procedures to ensure all policies are executed effectively. We have taken a series of data leakage prevention measures, including desensitization of sensitive information and authorization under the principle of “least privilege.”,etc..

                  For details, please refer to “Ping An Group Information Security policy” and “Ping An Group Privacy Protection Policy”.

                  AI Governance

                  Ping An follows the five ethical principles of "humanoriented, human autonomous, secure and controllable, fair and just, open and transparent." in all AI applications such as finance, heal-thcare, governance, transportation, real estate, and law. Ping An has also established a clear AI governance framework from data, algorithm and application perspectives for detailed ethical guidance and goals.

                  For more details, please refer to the “Ping An Group AI Ethics Governance Policy”.

                  Data Security and AI Governance

                  Responsible Product

                  Ping An adheres to the concept of bringing positive impact to the society in product development and promotion, and extends this responsibility onto the entire product lifecycle management.

                  • Responsible Product

                    Product Commitment

                    As an integrated financial service group, Ping An offers a wide range of products and services including insurance, banking, investment and technology. Ping An adheres to the principles of compliance, fairness, inclusiveness, and environmental protection during the life cycle of every product and service. Ping An does not engage in any products and services in violation of individual rights and freedom, or facilitate high emissions, high pollution, ecological destruction, or animals’ rights violations. We take no participation in monopoly, unfair competition, pyramid schemes, and terrorism; violations of applicable laws, regulations, or unethical conduct.


                  Sustainable Supply

                  Ping An aims to extend sustainability to the entire value chain and optimize management along with all partners.

                  Sustainable Supply Chain

                  Sustainability and risks not only involve the company itself, but also all players within the value chain. The goal of “sustainable supply chain“ is to achieve long term cooperation and win-win situations for all parties involved with proper business management and regulations. Ping An has many complex and involved relationships with its business and ecological partners. As the Group’s business development and cooperation intensify, upstream and downstream relationships within the entire supply chain will become even more complicated. Ping An has integrated ESG requirements into the closed-loop supply chain management from supplier selection, cooperation approval, process management, throughout to tracking and feedback. Ping An focuses on suppliers’ performance in ESG including environmental protection and employees’ rights.

                  Ping An manages the suppliers based on the principles of integrity, transparency, and compliance, and has established clear disciplinary actions and complaint mechanisms to maintain integrity and fairness.

                  For more details, please refer to the “Ping An Group Sustainable Supply Chain Policy”.

                  Employee Right and Welfare

                  Ping An promotes equality and diversity, ensures employee’s legal freedom and welfare, provides opportunities for development.

                  • Employee Rights

                    Ping An complies with the eight articles under “Universal Declaration of Human Rights” with well-established anti-discrimination regulations to eliminate unfair treatment, protect employee’s legal rights, and promote a diverse and friendly office environment by organizing various activities. At Ping An, each employee has the right of freedom of expression with a comprehensive channel of opinion collection and feedback, such as email, forum, labor union, etc. Ping An will not interfere with the right of employees to participate in any legal association or formation of associations.

                    We support the protection of individual rights, such as providing equal opportunities to disadvantaged groups, opposing any form of discrimination, bullying and harassment, and prohibiting the usage of child and forced labor.

                    Employee Rights
                  • Employee Welfare

                    Ping An gives each employee the right to participate in various forms of training, giving employees full room for progress and development. Employees are guaranteed corresponding medical and insurance coverages. We conduct employee satisfaction surveys on a regular basis, and improve existing conditions based on the survey results to create a better corporate environment.

                  For more details, please refer to the “Ping An Group Employee and Agent Rights and Benefits Policy”.