Two batches of Great Wall Life Insurance shares totaling 60 million shares have been relisted on the Beijing Equity Exchange at a 10% discount compared to their previous listing price.

The sellers are China MCC22 Group Corp., Ltd. (MCC22 Group) and China Construction Second Engineering Bureau Third Construction Co., Ltd. (CCEB Third Construction), each offering 30 million shares at a base price of 35.83 million yuan (1.19 yuan per share). The disclosure period runs from November 17 to November 21.

Notably, both shareholders are founding members of Great Wall Life. This relisting comes just one month after their initial offering, with the base price reduced by 3.98 million yuan (10%). If successful, both shareholders will fully exit their positions in the insurer.

Great Wall Life stated that the share sale aligns with China's policy requiring state-owned enterprises to divest non-core financial assets. The company emphasized that the small stake involved (0.4386% each) won't affect its governance or operations.

Founded in 2005 with 300 million yuan capital, Great Wall Life has since expanded its registered capital to 6.84 billion yuan, diluting the founding shareholders' stakes. MCC22 Group and CCEB Third Construction had previously attempted to exit in 2021 and 2022 respectively.

The insurer's current shareholder structure includes 21 entities, with Beijing Huarong Comprehensive Investment Co. holding 30.33% as the largest shareholder. Together with two affiliated companies, they control 55.16% of shares.

Meanwhile, Great Wall Life announced the approval of Ren Qinghe as new vice president and financial officer. The 55-year-old CPA brings extensive financial experience from parent companies.

Financially, the insurer reported 21.46 billion yuan in premium income and 156 million yuan net profit for the first three quarters of 2025. Its investment yield of 4.65% ranks among the industry's top performers.

The company has been active in equity investments, making four significant acquisitions this year in utilities and energy sectors, including CHINA WATER, DATANG RENEW, Qinhuangdao Port Co.,Ltd., and China Suntien Green Energy Corporation Limited. Its latest move increased its stake in China Suntien Green Energy to 12.34% through a 36.54 million HKD purchase.