SUNSHINE INS (06963) announced that, in accordance with relevant guidelines, the company's board of directors reviewed and approved a proposal on August 1, 2025, to apply for a full H-share circulation scheme. This would convert up to approximately 3.52 billion unlisted domestic shares (representing approximately 30.60% of the company's total share capital) into H-shares of the company (the "Full H-Share Circulation").

Upon obtaining all relevant approvals (including approvals from mainland China financial regulatory authorities and The Stock Exchange of Hong Kong Limited) and compliance with all applicable laws, rules and regulations, some or all of the unlisted domestic shares held by shareholders participating in the Full H-Share Circulation will be converted into H-shares of the company. The company will apply to The Stock Exchange of Hong Kong Limited for the listing of and permission to deal in such H-shares on the Main Board (the "Conversion and Listing").

According to the Articles of Association of Sunshine Insurance Group Co., Ltd., the Full H-Share Circulation and the Conversion and Listing do not require approval by the company's shareholders' meeting.

As of the date of this announcement, the company has not yet submitted applications for the Full H-Share Circulation to domestic financial regulatory authorities or The Stock Exchange of Hong Kong Limited, and the detailed implementation plan for the Full H-Share Circulation has not been finalized.