SUNSHINE INS (06963) has announced that on February 9, 2026, its board of directors approved a capital increase agreement. The agreement involves the company's subsidiary, Sunshine Life Insurance, along with Sunshine Asset Management and its affiliate, Sunshine Asset Management (Hong Kong). All parties have reached a consensus on the key terms of the agreement. Accordingly, Sunshine Life Insurance and Sunshine Asset Management intend to inject up to HKD 250 million and HKD 750 million, respectively, into Sunshine Asset Management (Hong Kong). Following this capital injection, the total share capital of Sunshine Asset Management (Hong Kong) will increase from HKD 100 million to HKD 1.1 billion. The shareholding proportions of Sunshine Life Insurance and Sunshine Asset Management in Sunshine Asset Management (Hong Kong) will remain unchanged at 25% and 75%, respectively. The capital increase is considered necessary for four primary reasons: it aligns with the inevitable trend of global insurance asset management business development; it meets the inherent demands of the healthy and rapid growth of China's insurance industry; it addresses the practical need to reduce exposure to single-market risks; and it represents a proactive response to the challenges of globalization and the era of major asset management.