#China #Hong Kong #Insurtech #Fintech Innovations #ZhongAn Online

ZhongAn Online Secures $500 Million for Strategic Expansion

On July 4, 2025, ZhongAn Online P & C Insurance Co., Ltd. ('ZhongAn') announced the successful completion of its H share placement, raising approximately HK$3.92 billion (around US$500 million). This milestone marks ZhongAn’s first equity financing since its IPO in 2017, highlighting the company's ambitious growth strategy.

A total of 215 million new H shares were issued at an attractive HK$18.25 per share. This placement represents roughly 12.76% of the company's expanded share capital. It stands out as a significant achievement in the financial sector, being the largest primary placement executed by a fintech company globally in 2025, the largest for any insurance company in Hong Kong over the past decade, and the largest equity placement in Hong Kong's financial domain in the last three years.

Allocation of Proceeds

The funds raised from this placement are strategically allocated to bolster ZhongAn’s existing operations and cultivate new avenues for growth. The breakdown of the net proceeds will be as follows:

• - 60% will be dedicated to enhancing the company's insurance underwriting and asset management segments;
• - 30% will support investments in fintech innovations, ensuring ZhongAn remains at the forefront of digital transformation in the insurance space;
• - The remaining 10% will be utilized for general corporate purposes.

The Board of Directors at ZhongAn expressed that the successful placement is a transformative step in the company's evolution. With the infusion of capital, the company is set to advance its dual-engine strategy—which aims to drive core insurance growth while simultaneously scaling technology-driven solutions. They emphasized a disciplined approach to deploying these funds, aspiring to unlock synergies at the nexus of finance and technology. This, in turn, is expected to deliver sustainable value to stakeholders.

Investor Confidence in ZhongAn’s Vision

ZhongAn’s successful fundraise underscores robust investor confidence in the company’s vision to redefine the insurance landscape through digital innovation. Since its inception as the first internet-based InsurTech firm in China, ZhongAn has continuously leveraged cutting-edge technology and innovative business models to improve its offerings.

Operating on a dual-engine 'Insurance + Technology' strategy, the company integrates technology across the entire insurance value chain. This model facilitates significant advancements in underwriting, distribution, and service innovation, while simultaneously revealing new efficiencies and opportunities. By tapping into the digital lifestyles of users through proprietary platforms and collaborations with ecosystem partners, ZhongAn aims to provide innovative and accessible insurance solutions that adapt to changing protection needs within the market.

As ZhongAn continues to evolve and redefine industry standards, it positions itself favourably within a competitive landscape, ready to harness the potential of both finance and technology to meet the needs of its clients and stakeholders. In an era where digital transformation dictates success, ZhongAn's strategic growth through this H share placement places it on a promising trajectory for the future.

[For further inquiries, please contact the ZhongAn Investor Relations Team.]