Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited disclaim responsibility for the contents of an announcement from PICC Property and Casualty Company Limited (「PICC P&C,」 stock code: 2328) dated 2 December 2025.

According to the document, PICC P&C observed abnormal changes in the price and trading volume of its H shares on 1 December 2025. The announcement states that the company operates in accordance with national laws and regulations and has noted market speculation regarding a member of its senior management, with verification of relevant information currently in progress.

PICC P&C indicates that it is not aware of any reasons for the unusual price or trading volume movements of its H shares, nor of any information requiring disclosure to avoid a false market. The company also confirms that there is no inside information requiring disclosure under Part XIVA of the Securities and Futures Ordinance.

The announcement advises shareholders and potential investors to exercise caution when dealing in PICC P&C securities.