Sunshine Insurance Group Company Limited (Stock Code: 6963) announced that on February 9, 2026, the Board of Directors approved a connected transaction involving a proposed capital increase in Sunshine Asset Management (HK) Limited (Sunshine AMC (HK)). Sunshine AMC (HK) is a subsidiary of Sunshine Asset Management Corporation Limited (Sunshine AMC), which is itself a non-wholly owned subsidiary of Sunshine Insurance Group.
According to the announcement, Sunshine Life Insurance Corporation Limited (Sunshine Life), a subsidiary of Sunshine Insurance Group, alongside Sunshine AMC, plans to invest not more than HK$250 million and HK$750 million respectively in Sunshine AMC (HK). The total registered share capital of Sunshine AMC (HK) would increase from HK$100 million to HK$1,100 million. The respective shareholding percentages—25% held by Sunshine Life and 75% held by Sunshine AMC—will remain unchanged.
The announcement states that Sunshine AMC (HK) was established to carry out asset management operations, including advising on securities and providing asset management services. As of December 31, 2025, Sunshine AMC (HK) recorded total assets of approximately HK$42.28 million and net assets of around HK$34.68 million. For the years ended December 31, 2023 and December 31, 2024, Sunshine AMC (HK) recorded audited net losses of HK$13.60 million and HK$17.47 million, respectively; the unaudited figure for the year ended December 31, 2025 shows a net loss of HK$29.98 million.
Sunshine Insurance Group views the capital increase as aligned with the trend of global allocation for insurance assets and as beneficial for mitigating single-market risk exposure. The directors concluded that the transaction is on fair commercial terms and in the interests of both the company and its shareholders. Under the Hong Kong Listing Rules, the highest applicable percentage ratio for the transaction exceeds 0.1% but is less than 5%. Therefore, it is subject to announcement and reporting requirements but exempt from independent shareholders’ approval. The capital increase is expected to take effect upon obtaining necessary approvals from relevant regulatory authorities, including the National Financial Regulatory Administration.