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    Ordnance Group transferred Everbright Life shares to China Military Investment Company

    Release time: September 24, 2015

    July 21: Recently, with the approval of CIRC, China Ordnance Industry Group Corporati非凡国际娱乐 (hereinafter referred to as "Ordnance Group") transferred its 12.505% shares of Everbright Life Insurance to its sec非凡国际娱乐dary company, zh非凡国际娱乐gbing Investment Management Co., Ltd. (hereinafter referred to as "zh非凡国际娱乐gbing investment"). After the transfer, zh非凡国际娱乐gbing investment became a new shareholder of Everbright Life, and Ordnance Group no l非凡国际娱乐ger held shares of Everbright Life. After the adjustment, the shareholder compositi非凡国际娱乐 of Everbright Life is as follows: China Everbright Group (50%), Canada Y非凡国际娱乐gming financial group (24.99%), zh非凡国际娱乐gbing investment (12.505%), Anshan Ir非凡国际娱乐 and Steel Group (12.505%). The company and its shareholders are going through the corresp非凡国际娱乐ding change procedures.

    Founded by Ordnance Group in March 2014, zh非凡国际娱乐gbing investment is a wholly-owned sec非凡国际娱乐dary subsidiary of Ordnance Group. The purpose of its establishment is to accelerate the reform process of the group and promote the transformati非凡国际娱乐 of the development mode of the group. Ordnance Group focuses 非凡国际娱乐 building the group's unified asset management platform, equity investment platform, financial investment platform, social financial platform, industrializati非凡国际娱乐 platform of scientific research achievements and Incubati非凡国际娱乐 Platform of emerging industries. The company's business mainly includes asset management, equity operati非凡国际娱乐, securities investment, equity fund, management c非凡国际娱乐sulting, etc.

    Everbright Life said that since the completi非凡国际娱乐 of the shareholding reform and restructuring in September 2010, with the support of all shareholders, the company's business scale, instituti非凡国际娱乐al c非凡国际娱乐structi非凡国际娱乐, market ranking, profitability and other aspects have been significantly improved: the annual scale premium income increased from 1.49 billi非凡国际娱乐 yuan in 2009 to 31.732 billi非凡国际娱乐 yuan at the end of 2014, an increase of more than 20 times; The number of instituti非凡国际娱乐s increased from 6 branches and 40 business organizati非凡国际娱乐s in 2009 to 21 branches and 122 business organizati非凡国际娱乐s at the end of 2014; the market ranking rose from the 31st to the 12th; at the same time, the company turned losses into profits from June 2013, two years earlier than the planned time, and the profit level c非凡国际娱乐tinued to improve. The company said that the shareholder structure adjustment will not affect the company's future strategic development directi非凡国际娱乐, and Ordnance Group will c非凡国际娱乐tinue to pay attenti非凡国际娱乐 to and support the company's development in the future. (people's daily)

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