19 September 2025

CHINA PACIFIC INSURANCE (GROUP) CO., LTD.

(A joint stock company incorporated in the People's Republic of China with limited liability)

Publication of Offering Circular of Bonds

China Pacific Insurance (Group) Co., Ltd (the "Company" or "CPIC") hereby makes this announcement on the offering circular dated 10 September 2025 (the "Offering Circular") in relation to the HK$15,556,000,000 zero coupon convertible bonds due 2030 (the "Bonds"). As disclosed in the Offering Circular, the Bonds are intended for purchase by professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange")) only and have been listed on the Hong Kong Stock Exchange on the basis.

The Offering Circular does not constitute a prospectus, notice, circular, brochure or advertisement offering to sell any securities to the public in any jurisdiction, nor is it an invitation to the public to make offers to subscribe for or purchase any securities, nor is it circulated to invite offers by the public to subscribe for or purchase any securities.

For the full content of the Offering Circular, please refer to https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0919/2025091900275.pdf.

By Order of the Board of Directors

       China Pacific Insurance (Group) Co., Ltd.

FU Fan

Chairman

About CPIC

CPIC is a joint stock company established under the laws of the People's Republic of China with limited liability.

CPIC's registered office is located at 1 South Zhongshan Road, Huangpu District, Shanghai, the People's Republic of China.