Ping An Insurance Concludes 2026 Long-Term Service Plan Share Purchase

Deep News05-21 18:25

Ping An Insurance (Group) Company of China, Ltd. has announced the completion of its H-share purchases under the 2026 Long-Term Service Plan through the secondary market. The company acquired a total of 73,849,000 shares, representing approximately 0.408% of the total share capital. The total transaction value amounted to about 4.032 billion yuan, with an average purchase price of around 54.54 yuan per share. The funding for these share purchases originated entirely from employees' designated salary contributions. A total of 71,374 employees participated voluntarily in the plan. Among the shares acquired, directors and senior management hold 1,859,757 shares, accounting for 2.52% of the total, while other employees hold 71,989,243 shares, representing 97.48%. According to the plan's terms, participants are eligible to apply for the vesting of their equity rights upon retirement from the company, ultimately receiving the benefits after settling the relevant taxes and fees.

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