Prudential and CITIC Provide Growth Capital to CITIC-Prudential Life

Prudential and CITIC each invested RMB 1.25 billion at a 50/50 shareholding ratio to increase the capital of their joint venture, CITIC-Prudential Life Insurance Co., Ltd., by RMB 2.5 billion. After the capital increase, the registered capital of CITIC-Prudential Life Insurance will rise from RMB 2.36 billion to RMB 4.86 billion, with the shareholding structure remaining unchanged. The capital increase is still subject to relevant regulatory approvals.