Amidst the powerful currents of globalization and a deeply restructuring geopolitical landscape, the pace at which Chinese companies are "going global" has never been more resolute, nor has it ever been more complex. Compliant employment, cross-border risks, cultural clashes, and emergency response are no longer peripheral challenges but core variables determining overseas success or failure. Against this backdrop, RENRUI HR (06919), a leading integrated human resources service and digital technology solutions provider in China, has announced the completion of its acquisition of Zhicheng Wealth Advisory Limited, a licensed insurance brokerage firm in Hong Kong. Following the acquisition, Zhicheng Wealth will be renamed "Ruibao International Wealth Management Limited." This move is far from a simple business expansion; it is a deliberate strategic leap: formally constructing a "global human resources + comprehensive risk protection" service ecosystem for companies going abroad, creating a one-stop, closed-loop solution for Chinese enterprises venturing overseas, spanning from human capital allocation to risk underwriting. This action evokes the development paths of global HR giants—whether Aon, Mercer, or Marsh McLennan—whose core competitiveness has long transcended traditional recruitment or payroll outsourcing, deeply embedding financial and protection services like insurance, risk management, health benefits, and wealth planning into the human resources value chain. Within these world-class enterprises, insurance and related risk management businesses typically contribute over 30% of revenue and represent the segments with the strongest client stickiness and most stable profits. RENRUI HR's current strategic placement aligns with this international paradigm, marking a critical step in the evolution of a local Chinese HR service provider into a high-level, comprehensive solutions provider. As an industry leader with over a decade of deep experience, RENRUI HR has built a complete service system covering general service outsourcing, digital technology and cloud services, professional recruitment, and digital operations. Particularly in the overseas expansion sector, the company has served numerous Chinese companies in their global布局, accumulating profound localization employment experience and cross-border compliance management capabilities. However, the previous service chain stopped at the configuration and management of "people"; genuine global operations require a "safety net"—this is precisely where the value of insurance and risk management lies. Zhang Jianguo, Chairman of RENRUI HR, has a keen insight into the opportunities and challenges within the globalization process of Chinese enterprises. He emphasized, "Currently, the globalization of Chinese enterprises is accelerating at an unprecedented pace. However, multiple risks—such as labor compliance, cross-border worker protection, geopolitical fluctuations, and emergency response—stand as formidable barriers on the path of overseas expansion, becoming critical bottlenecks restricting corporate development." From Zhang Jianguo's perspective, the core logic of this acquisition is to use the human resources network as a foundation, graft on professional insurance brokerage capabilities, and create a synergistic "1+1>2" effect. By offering customized "full-cycle human resources + all-scenario risk control" solutions, it not only reduces the management complexity of overseas operations for enterprises but also fortifies their risk resilience, enabling entrepreneurs to truly "dare to go global, successfully land, and develop stably." This synergistic value manifests in two key dimensions: First, seamless service integration enables "one-stop service." Leveraging RENRUI HR's global human resources service network, clients can access core services like overseas recruitment, employee dispatch, payroll and tax, and compliance consulting, while simultaneously integrating customized insurance product solutions such as group medical insurance, employer's liability insurance, cross-border work injury protection, and directors' and officers' liability insurance. There is no need to coordinate with multiple suppliers or repeatedly communicate requirements; human capital allocation and risk solutions are handled on the same platform by the same service team, significantly boosting efficiency and reducing coordination costs. Second, comprehensive risk coverage builds a "three-tier protection system." Based on a deep understanding of the pain points of companies expanding abroad, RENRUI HR precisely embeds insurance capabilities into critical scenarios: l Proactive Prevention: Averting potential legal and labor disputes through compliance diagnostics, employment structure optimization, and proactive insurance scheme design. l Incident Response: Providing fast claims channels and emergency support for events like overseas business travel accidents, sudden illnesses, and supply chain disruptions. l Financial Backstop: Hedging against major losses and ensuring sustainable business operations through tools like employer's liability insurance, D&O insurance, and political risk insurance. This integrated "HR + Insurance" model not only fills the risk control gap in traditional human resources services but also redefines the essence of "overseas expansion services"—elevating from mere operational support to a strategic risk governance partner. Industry observers note that RENRUI HR's acquisition of Zhicheng Wealth sets a benchmark for the industry. Under the broader trend of global human resources services evolving towards "comprehensive well-being and risk management," Chinese service providers have long focused on execution-level outsourcing, lacking high-value-added financial synergy capabilities. By taking the lead in breaking this mold, RENRUI HR not only strengthens its own competitive moat but also propels the entire industry's transformation from a "cost center" to a "value center." Looking ahead, RENRUI HR will use this acquisition as a pivot to further expand its service boundaries—extending from enterprise-level risk management to personal-level scenarios like health management, tax planning, and wealth protection, ultimately building a global well-being ecosystem that covers "enterprise-employee-family." This represents not just an upgrade in business model but a profound response to the mission of Chinese corporate globalization: ensuring that behind every brave Chinese enterprise stepping onto the world stage stands a trustworthy "full-cycle guardian."