Brief Introduction to Changjiang Pension Insurance Management Cantabile Lifetime Group Plan

According to the requirements of the "Measures for the Administration of Pension Insurance Management Business" (China Insurance Regulatory Commission Issue No. [2015]73), "Notice of the China Insurance Regulatory Commission on strengthening the implementation of the'Measures for the Administration of Pension Insurance Management Business'" (CIRC LifeInsurance No.[2016]99), "Notice of the China Insurance Regulatory Commission on Further Strengthening the Supervision over theAdministration of Pension Insurance Management Business" (CIRC Life Insurance No. [2016]230), Changjiang Pension InsuranceManagement Cantabile Lifetime Group Plan was launched on the basis of the experience of the product of Changjiang Pension Trustee Management Cantabile Lifetime ("2012 Pension Insurance Productof the Year" by China Insurance News). The product was registered on Dec 30, 2016, and approved for launch in the market.

As the product manager, Changjiang Pension Insurance Co. Ltd. provides scheme design, investment management, account services, information inquiry and disclosure, treatmentcollection and other management services to group clients. The product adopts the product andportfolio level dual trust mode in the operation, to ensure the safety of the entrusted asset. And the product-level trustee is Shanghai Pudong Development Bank Co., Ltd.

With the trust mode operation, the product has created a clear account system that is easy to understand, offering a full range of investment options to the clients. At the same time, exclusive investment managers are dedicated to various investment portfoliosunder the product, providingexcellent and robust return on investment. Compared with enterprise annuity, the contribution, attribution, collection and payment of pension insurance product is more flexible, which canmeet the needs of the group clientsfor the establishment of welfare plans, incentive fund plans and long-term incentive plans, etc.