HONG KONG, Apr 1, 2026 - (ACN Newswire) - CTF Life announced today a new collaboration with The Hong Kong Mortgage Corporation Limited (HKMC), which aimed at offering customers an additional option for managing their wealth after retirement. By introducing referrals for the 'Policy Reverse Mortgage Programme' (PRMP) and the 'Reverse Mortgage Programme' (RMP)1, the partnership combines CTF Life’s retirement product with the HKMC’s reverse mortgage solutions to deliver more comprehensive retirement planning support that meets customers’ financial needs at every stage of life.

As Hong Kong’s population ages rapidly, the need for stronger retirement protection is growing. According to the latest projection2 from the Census and Statistics Department, the proportion of people aged 65 or above in Hong Kong is expected to rise significantly from 20.6% in 2021 to 36% in 2046, a clear sign of the city’s ageing trend. As citizens live longer and spend more years in retirement, their living expenses are set to rise, driving demand for stable, sustainable income and thoughtful financial planning. In support of the Government’s initiatives to encourage early retirement planning and promote the silver economy, CTF Life has partnered with the HKMC to promote the PRMP and the RMP. These two programmes aim to provide customers with a stable income to enhance the quality of retirement life, supporting them with diverse and reliable retirement solutions.

Man Kit Ip, Executive Director and Chief Executive Officer of CTF Life, said, “Hong Kong’s rapidly ageing population is driving demand for more comprehensive retirement planning solutions. We are pleased to partner with the HKMC to introduce the PRMP and the RMP through referrals, which complement CTF Life’s product suite to provide customers with stable income streams and an additional wealth management option in retirement, helping customers build well-rounded retirement solutions and reinforce our commitment to creating value beyond insurance.”

Colin Pou, Executive Director and Chief Executive Officer of The Hong Kong Mortgage Corporation Limited, said, “The PRMP and the RMP help retirees convert their life insurance policies or their residential properties into steady monthly payouts, generating lifelong streams of income, thereby enhancing the quality of their retirement lives. We are pleased to collaborate with CTF Life to introduce the PRMP and the RMP to more clients, and to jointly support the Government’s initiative to address the ageing society and promote silver economy.”

CTF Life’s @MyLove Insurance Plan II3 is an eligible life insurance product under the PRMP, allowing customers to use their insurance policies as collateral to apply for monthly or lump-sum payouts to meet their retirement financial needs. The plan provides life protection up to 100 years of age, together with extra accidental death benefit during the first 10 policy years, flexible premium payment options, premium prepayment options, a guaranteed cash value, plus annual dividend and terminal dividend to help customers further grow their wealth. At the same time, through the RMP, customers can convert property value into a stable cash flow. When combined with the ongoing protection provided by life insurance products, this enables a more flexible approach to asset utilisation and delivers dual, stable support for retirement wealth planning.

Notes:

1. The Policy Reverse Mortgage Programme and the Reverse Mortgage Programme are operated by HKMC Insurance Limited, a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited. For further information, please refer to The Hong Kong Mortgage Corporation Limited website:  www.hkmc.com.hk.

2. Census and Statistics: Hong Kong Population Projections for 2022 to 2046

3. @MyLove Insurance Plan II is an eligible life insurance plan under PRMP, but it does not necessarily mean that the customer's PRMP application will be approved. The eligibility of this product under the PRMP is based on the features of the product. The customer and the life insurance policy are still required to meet the eligibility criteria under PRMP before applying for the policy reverse mortgage loan.

Important Notice:

- The information contained in this press release is intended as a general summary of information for reference only. For more details, please refer to relevant product brochures, promotion leaflets, and policy documents. For details regarding the CTF Life @MyLove Insurance Plan II, please refer to the policy contract for details of the full terms and conditions.

- This press release does not contain the full provisions of the @MyLove Insurance Plan II, and the full terms can be found in the Policy documents. The @MyLove Insurance Plan II may serve as a standalone plan(s) without bundling with other type(s) of insurance product. Please refer to the main product brochure and policy terms and conditions, as well as the explanatory documents provided by your licensed insurance intermediary, to fully understand the details and complete terms and conditions regarding the mentioned definitions, fees, product features, exclusions, and compensation payment conditions related to @MyLove Insurance Plan II.

- Please refer to the product brochure for more information on @MyLove Insurance Plan II:  https://www.ctflife.com.hk/pdf/en/products/life-insurance/protection/life/@mylove-ii-insurance-plan-brochure.pdf

- For further details, please contact CTF Life’s Customer Service Hotline on +852 2866 8898.

- This press release is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell or a solicitation to buy or provision of any of our products outside Hong Kong. Chow Tai Fook Life Insurance Company Limited hereby declares that it has no intention to offer to sell, to solicit to buy or to provide any of its products in any jurisdiction other than Hong Kong in which such offer to sell or solicitation to buy or provision of any product of Chow Tai Fook Life Insurance Company Limited is illegal under the laws of that jurisdiction.

Man Kit Ip, Executive Director and Chief Executive Officer of CTF Life and Colin Pou, Executive Director and Chief Executive Officer of The Hong Kong Mortgage Corporation Limited announced a new collaboration aimed at offering customers an additional option for managing their wealth after retirement.

CTF Life and The Hong Kong Mortgage Corporation Limited representatives at the collaboration kick-off ceremony.

(From left to right) Eleonore Chow, Chief Executive, Agency; Ellick Tsui, Executive Director and Deputy Chief Executive Officer and Chief Financial Officer; Man Kit Ip, Executive Director and Chief Executive Officer of CTF Life; Colin Pou, Executive Director and Chief Executive Officer of The Hong Kong Mortgage Corporation Limited; Kitty Lai, Senior Vice President (Operations) of The Hong Kong Mortgage Corporation Limited / Executive Director and Chief Executive Officer of HKMC Insurance Limited; and Angela Leung, Vice President (Marketing and Business Development) of The Hong Kong Mortgage Corporation Limited.

About CTF Life

Chow Tai Fook Life Insurance Company Limited (“CTF Life”) is proud of its rich, 40-year legacy in Hong Kong. CTF Life is a wholly-owned subsidiary of CTF Services Limited (“CTFS”) (Hong Kong Stock Code: 659) and one of the most well-established life insurance companies in Hong Kong. As a member of Chow Tai Fook Enterprises Limited, CTF Life consistently strengthens its collaboration with the Chow Tai Fook Group (“CTF Group” or “the Group”) ecosystem to support customers and their loved ones in navigating life’s journey with personalised planning solutions, lifelong protection and diverse lifestyle experiences. By leveraging the Group’s robust financial strength and strategic investments across the globe, CTF Life aspires to become a leading insurance company in Asia while continuously creating value beyond insurance.

Chow Tai Fook Life Insurance Company Limited (Incorporated in Bermuda with limited liability)

Compared to prior years, Fosun’s results have remained solid. However, pursuant to the principle of prudence, Fosun made one-off non-cash impairment provisions and value revaluations on certain real estate projects with impairment indicators and goodwill and intangible assets of certain non-core business segments, resulting in a book loss of RMB23.4 billion in 2025, of which real estate-related impairment accounted for approximately 55%, while impairment of non-core assets accounted for approximately 45%.

Fosun emphasized in the announcement that these provisions do not affect the Company’s overall operations and cash flow. However, Guo Guangchang, Chairman of Fosun International, offered a sincere apology in this year’s Letter to Shareholders, stating that “A loss is never desirable.” He further explained that, “Under the current market conditions, some of the projects we invested in years ago are now valued differently from what we expected at the time of investment. Accordingly, the Board has taken a prudent decision to complete this asset impairment, allowing Fosun to focus its resources and efforts more effectively on core, high-growth areas. At a time when the global economy is generating opportunities amid volatility and China’s innovation-driven industries are gaining growth momentum, deepening our strategic focus now allows us to optimize our asset structure and helps us secure a stronger position in key sectors, positioning Fosun as a leaner, healthier, and more sustainable company.”

In recent years, Fosun has steadily advance its strategy of “streamlining operations and strengthening the business, focusing on core businesses”, generating approximately RMB75 billion in cash returns from asset and business divestments. This round of impairments marks Fosun’s decisive step to clear accumulated risks on a one-off basis and shed “historical burdens”. While the book loss appears significant, from the capital market’s perspective, Fosun’s share price has rebounded more than 10% since the announcement of its results preview on 6 March, indicating the market has recognized and accepted its “risk clearance”.

In his Letter to Shareholders, Guo Guangchang described this asset impairment as “repairing the roof on a sunny day”. Fosun International’s results announcement offers a clear illustration. Fosun’s core businesses has continued to deliver steady profits, reflecting solid operating fundamentals. At the same time, its long-established innovation and globalization strategies have become the core growth drivers for the Company. Collectively, these achievements underpin Fosun’s confidence in proceeding with “risk clearance” at this stage.

Business fundamentals remain solid, pharmaceuticals and insurance segments deliver strong results

Let’s start with Fosun’s business fundamentals. In 2025, Fosun International’s four core subsidiaries generated RMB128.2 billion in revenue, accounting for 74% of the Group’s total revenue. This demonstrates the results of Fosun’s strategic adjustment of “focusing on core businesses”, effectively addressing prior market concerns over “diversification”.

Among them, Fosun Pharma, a core subsidiary of Fosun, achieved a net profit attributable to shareholders of the parent of RMB3.371 billion in 2025, representing a year-on-year increase of 21.69%. Fosun Pharma’s biopharmaceutical innovation platform, Henlius, recorded revenue of RMB6.667 billion and net profit of RMB827 million, delivering growth in both revenue and net profit for the third consecutive year.

Next, let’s take a look at Fosun’s most important overseas subsidiary, Fosun Insurance Portugal. In 2025, Fosun Insurance Portugal achieved strong growth in revenue and net profit. Its net profit attributable to owners of the parent amounted to EUR201 million, up 15.8% year-on-year, establishing it as a stable contributor to Fosun’s profitability. Fosun Insurance Portugal has benefited significantly from Fosun’s global ecosystem, expanding its presence from Portugal to overseas markets such as Europe, Latin America and Africa. In 2025, Fosun Insurance Portugal received its inaugural A rating from S&P Global, reflecting international recognition of its asset quality and risk resilience.

In Chinese mainland, Fosun’s two insurance companies have also performed well. Pramerica Fosun Life Insurance’s premium income for the year reached RMB13.28 billion, up 41.6% year-on-year, while net profit surged over 492% to RMB650 million. Meanwhile, Fosun United Health Insurance recorded insurance income of RMB7.84 billion in 2025, representing a year-on-year increase of 50.1%, with net profit reaching RMB139 million, marking five consecutive years of profitability.

Core drivers: innovation and globalization strategies

Fosun Pharma and Fosun Insurance Portugal embody Fosun’s two core strategies: innovation and globalization.

Since its establishment, Fosun has always regarded “innovation-driven research and development (R&D)” as its core strategy, and began its global expansion following its listing in Hong Kong. After years of intensive investment and exploration, innovation and globalization strategies have become the core driving forces behind Fosun’s development, consistently delivering results that generate “compounding returns” over time.

The biggest change for Fosun Pharma in 2025 was strong growth in its innovative drug breakthroughs. During the Reporting Period, Fosun Pharma’s revenue from innovative drugs reached RMB9.893 billion, representing a year-on-year increase of 29.59%, accounting for 33.16% of its pharmaceutical business revenue. Fosun Pharma had 16 indications of its 7 innovative drugs approved for marketing in China and overseas markets, while marketing applications for 6 innovative drug candidates were accepted.

During the Reporting Period, nearly 40 of Fosun’s innovative drug clinical trials were approved by regulatory authorities in China, the United States and Europe, while multiple core products entered key clinical phases, laying a solid pipeline foundation for subsequent commercial growth.

Henlius’ HLX43 remains the main focus of market interest. As a PD-L1-targeted antibody drug conjugate (ADC) with potential best-in-class characteristics and broad anti-tumor activity across multiple tumor types, HLX43 has shown significant advantages, with a favorable efficacy and safety profile in non-small cell lung cancer (NSCLC), gynecological tumors, esophageal squamous cell carcinoma (ESCC), and other indications. On 27 January 2025, it was approved for clinical trials in Chinese mainland, positioning it to become another landmark product for Fosun.

This year, Fosun’s international business development (BD) efforts for innovative drugs made a notable impression on the market. For example, at the beginning of 2026, Fosun Pharma entered into an agreement with Eisai Co., Ltd. in relation to HANSIZHUANG, with a potential total value of over USD300 million. At the end of 2025, Fosun Pharma’s subsidiary, Yao Pharma, signed a global exclusive licensing agreement with Pfizer, with a potential total value of over USD2 billion; Fosun Pharma Industrial entered into a strategic collaboration with biotechnology company Clavis Bio, with Fosun Pharma eligible to receive up to USD7.25 billion in payments.

In terms of globalization, Fosun has established a profound business presence in more than 40 countries and regions worldwide. Today, it has achieved comprehensive globalization across products, services, and brands. In 2025, Fosun’s overseas revenue reached RMB94.86 billion, accounting for 54.7% of total revenue, representing a year-on-year increase of 5.4 percentage points. Fosun’s globalization strategy has evolved from “acquiring globally” to “earning globally”.

Club Med, a subsidiary of Fosun Tourism Group, operates 67 resorts worldwide. During the Reporting Period, Club Med once again achieved record-high performance, with revenue reaching RMB18.07 billion, representing a year-on-year increase of 3.6%, while operating profit reached RMB1.44 billion, up 4.6% from 2024.

Hainan Mining, a subsidiary of Fosun, has now developed into a global resource + new energy company and has made remarkable strides in its global expansion. Hainan Mining’s model of “overseas resources + processing in Hainan” entered a substantive operational stage in 2025. Its Bougouni Lithium Mine in Mali produced 45,000 tons of lithium concentrate, with the first shipment of 30,000 tons arriving at Yangpu Port in Hainan in January 2026. Additionally, through its subsidiary Roc Oil and the newly acquired oilfield project in Oman, Hainan Mining has accelerated the building of a “minerals + energy” network spanning West Africa, the Middle East, and Southeast Asia.

International rating agencies affirm Fosun International’s rating outlook as “stable”

Fosun’s financial position remains the market’s primary focus.

According to Fosun International’s results announcement, during the Reporting Period, cash, bank balances and term deposits amounted to RMB61.1 billion; unutilized banking facilities amounted to RMB144.6 billion; total debt to total capital ratio was 57%. Fosun has maintained a healthy financial position, with ample cash reserves. International rating agencies have broadly affirmed Fosun International’s rating outlook as “stable”.

Guo Guangchang stated in his Letter to Shareholders that, at present, Fosun’s core businesses remain solid, liquidity position is robust, and banking relationships remain stable. The Company’s major shareholder and management team have announced plans to increase their holdings in the shares of the Company and the Company will also proceed with a share buyback program. With Fosun’s core businesses continuing to grow and strategic plans firmly on track, “We are confident in our ability to support a return of the share price to fair value and better protect the long-term interests of our shareholders.”

In addition to its results announcement, Fosun announced that it is committed to increasing its dividend payout ratio, targeting an increase from the current 20% to 35% for the 2026  financial year. Based on the accumulated distributable profit of the Company, the dividend for the 2026 financial year is expected to be not less than HKD1.5 billion.

We can reasonably expect that this round of “strategic streamlining” will inject greater certainty into Fosun’s future business growth.

In this year’s Letter to Shareholders, Guo Guangchang also disclosed Fosun’s medium-term financial goals: “We strive to gradually restore annual profit to the RMB10 billion level; at the group level, we aim to generate RMB60 billion in cash returns, reduce total debt to below RMB60 billion, and strive to achieve an investment-grade rating.” He stated that, “Fosun has always stayed true to its original aspiration: to do the right things, the difficult things and the things that take time to develop. For Fosun’s future, we do not seek short-term gains; we seek to build a foundation for lasting success.”

HONG KONG, Mar 31, 2026 - (ACN Newswire) - AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced its annual results for the year ended 28th February 2026 ("FY2025/26" or the "Reporting Year").

During the Reporting Year, revenue of the Group increased by 3.8% year-on-year to HK$1,825.4 million (FY2024/25 or the “Previous Year”: HK$1,759.3 million), as domestic consumption gradually recovered and effective marketing initiatives were implemented to boost sales. Meanwhile, with cost-to-income ratio decreasing to 44.5% (FY2024/25: 46.6%), operating profit before impairment losses and impairment allowances rose 8.7% to HK$957.7 million (FY2024/25: HK$881.2 million). Owing to the Group’s effective portfolio management mechanism, impairment losses and impairment allowances decreased by 5.5% during the Reporting Year. Consequently, profit for the year was up 16.9% to HK$468.2 million (FY2024/25: HK$400.5 million).

The Board has recommended a final dividend of 33.0 HK cents per share (FY2024/25: 25.0 HK cents per share), bringing the total dividend for FY2025/26 to 58.0 HK cents per share, representing a dividend payout ratio of 51.9%.

In response to the uncertain market conditions, the Group adopted a prudent portfolio management strategy in FY2025/26, which involved balancing customer base expansion with credit risk mitigation. The Group recorded steady overall sales growth of 7.7% compared with Previous Year, driven mainly by successful targeted marketing programmes and effective tele-marketing activities. Gross advances and receivables balance increased by 8.0% to HK$7,912.7 million as at 28th February 2026. Effective credit risk monitoring further improved asset quality, with the percentage of doubtful (“Stage 2”) and loss (“Stage 3”) receivables to gross advances and receivables decreased to 3.9% as at 28th February 2026 from 4.2% as at 28th February 2025.

In terms of operational digitalisation and card security, the Group continued to enhance its “AEON HK” mobile application (“Mobile App”), including the introduction of in-app authentication for e-commerce transactions and a card-on/off security feature. The Group also integrated loan application functions from various channels, including the Mobile App, to offering customers a more seamless and secure experience.  

In addition, the Group commenced the “One AEON Point” project, an integrated loyalty platform designed to unify reward points to customers, initially across AEON’s various businesses. Regarding information technology, the Group completed the Internet Protocol Contact Center (“IPCC”) project to enhance its call centre operations.

Meanwhile, the Group made significant progress in its sustainability initiatives, including launching its first “AEON Green Personal Loan” and securing a HK$300 million sustainability-linked syndicated bank loan. The Group also obtained its first Corporate Sustainability Assessment (“CSA”) score from S&P Global ESG Rating, which placed the Group ahead of over 80% of its global peers.

Looking ahead to 2026, the Group will prioritise sales and quality receivables growth through local and online spending, with a key strategic focus being the launch and implementation of the “One AEON Point” platform. Serving as the cornerstone of the “AEON EcoZone”, “One AEON Point” will drive cross-business synergy, elevate the value proposition of the Group’s financial services with retail partners, and attract a larger customer base. 

Alongside customer-focused initiatives, the Group will strengthen Artificial Intelligence (“AI”) adoption across the entire customer journey to deliver more seamless, efficient and personalised services. The Group will further streamline its credit assessment processes by shortening electronic Know-Your-Customer (“eKYC”) screening time and embedding additional application scoring for automated credit card and personal loan approvals. At the same time, digital communication tools such as WhatsApp will be adopted to enhance customer interaction. In parallel, the Group will revamp its customer service operations by centralising the management and tracking of customer enquiries across all channels, thereby enabling a faster response to meet customer expectations.

Mr. Wei Aiguo, Managing Director of AEON Credit, said, "Throughout FY2025/26, we remained dedicated to delivering exceptional credit services and expanding our customer base through innovative and tailored financial solutions. We are encouraged by our ability to drive growth and deliver a robust financial performance despite lingering market uncertainties. Guided by our purpose of ‘bringing finance closer to everyone’, we aim to enhance customers’ everyday experiences by offering peace of mind and building long-term trust throughout their financial journey. We will continue to maintain our asset quality, maximise returns and create shared values for the community, in line with our position as a trusted financial partner.”

About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)

AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the finance business, which includes the issuance of credit cards, personal loan financing, card payment processing services and insurance intermediary business in Hong Kong, and microfinance business in Mainland China.

For more information, please visit the company’s website at www.aeon.com.hk.

TOKYO and TAIPEI, Mar 31, 2026 - (ACN Newswire) - JCB Co., Ltd., the only international payment brand originating from Japan, together with its international operations subsidiary, JCB International Co., Ltd. (collectively, “JCB”), today announced that JCB-branded credit cards issued by Union Bank of Taiwan and Bank SinoPac will, for the first time outside Japan, support JCB Contactless payments via Google Pay, starting from March 31, 2026.

About Google Pay

Google Pay is a contactless mobile payment service available on Android™ smartphones and other compatible devices. By adding credit cards or other payment methods, users can make payments conveniently using their smartphones and other devices. With built-in authentication, transaction encryption, and fraud protection, Google Pay helps keep your money and personal information safe.

> Learn more about Google Pay (URL)

Google Pay requires the Google Wallet app to be downloaded.
Android, Google Pay, and Google Wallet are trademarks of Google LLC.

About JCB Contactless Payments

JCB Contactless is a contactless payment solution that enables cardmembers to complete payments simply by tapping their JCB Contactless-enabled cards, or smartphones with JCB Cards registered, on compatible contactless terminals. JCB Contactless can be used at a wide range of merchants and public transportation systems in Japan and overseas.

For payments above a certain amount, cardmembers may be required to verify their identity by providing a signature or by inserting the card and entering a PIN, depending on the transaction conditions.

> Learn more about JCB Contactless

About Union Bank of Taiwan and Bank SinoPac

Union Bank of Taiwan and Bank SinoPac provide comprehensive financial services in Taiwan, including the issuance of credit and debit cards.
JCB has partnered with Union Bank of Taiwan since 2000 and with Bank SinoPac since 1998 to issue JCB-branded credit cards, and both banks have issued a substantial number of JCB Cards in the Taiwanese market.

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 71 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 175 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact
Anna Takeda
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@info.jcb.co.jp

Performance Summary:

- Revenue increased by 41% to HK$6.230 billion, setting a new record high

- Net profit after tax surged by 287% to HK$1.345 billion

- Total assets increased by 18% to HK$153.50 billion

- Scale of financial products business increased by 18% to HK$ 47.40 billion

- ROE increased by 6.4 p.p. to 8.7%

- Recommended a final dividend HK$ 0.02, total dividends HK$ 0.07 with payout ratio of 50% and dividend per share increasing by 119%

Business Highlights:

- Corporate finance business achieved best-ever performance, revenue surged by 133%

- 7 IPOs and 34 placing projects in Hong Kong stocks, ranking 1st in the market by number of placing projects

- 294 bond issuances, with total issuance scale grew by 34%

- OTC product trading volume soared, becoming one of the main sources of commission income

- Ranked 1st among Chinese securities firms in trading volume of HKEX Exchange-traded derivatives

- Asset management business scale grew by 49%, with revenue soaring by 1.2 times

- Ranked 1st among Chinese peers in the lead underwriting amount of ESG bonds

- Received Moody's "Baa2" and S&P's "BBB+" long-term issuer ratings for ten consecutive years, with a "stable" outlook

- MSCI ESG rating upgraded to AAA, the highest level, and achieving operational carbon neutrality for the third consecutive year 

HONG KONG, Mar 25, 2026 - (ACN Newswire) – Guotai Junan International Holdings Limited (“GTJAI” or the “Company”, the “Group”, stock code: 1788.HK), a company of Guotai Haitong Group, adhered to a prudent and pragmatic business philosophy, maintained the bottom line of risk control, focused on its core businesses and achieved comprehensive high-quality growth across all business segments with remarkable operating results. During the year, the Group’s revenue hit a record high, increased significantly by 41% YOY to HK$6.23 billion. Profit attributable to ordinary equity holders surged significantly by 287% YOY to HK$1.345 billion, representing a leapfrog improvement in profitability. The Board recommended a final dividend of HK$0.02 per share for the year ended 31 December 2025, together with the paid interim dividend of HK$0.05 per share, the total dividends for the year amounting to HK$0.07 per share, representing a payout ratio of 50% and dividend per share increasing by 119%.

Building Strength, Unveiling Wealth Management 2.0

In 2025, the Group fully implemented the Wealth Management 2.0 strategy. Centered on “client needs as the core, customized services as the feature, and digital capabilities as the support”, the Group completed the comprehensive upgrade of the “Platform + Products” model. During the year, OTC product transactions grew rapidly, becoming one of the main sources of commission income. Notably, commissions from structured notes and OTC options both sharp increased over 100% YOY. Product trading volume and the number of participating clients increased by more than 50% respectively as compared to 2024, making this a core pillar for the high-quality development of Group’s wealth management business. Meanwhile, the Group deepened its layout in fintech and inclusive finance, completed the digital and intelligent upgrade of its trading platform, and saw a substantial growth in the number of active users of "Junhong Global ", which effectively drove the increase in the scale of client assets under custody.

In 2025, the Group’s asset management business achieved growth in both scale and revenue, with assets under management increasing by 49% YOY and revenue sharply increased by 1.2 times. The annualized return of the investment grade bond fund Class I reached 8.96%, ranking among the top of its Chinese peers. The annualized return of the US dollar money market fund Class A2 reached approximately 4.38%, firmly placing it in the first tier of similar products.

Scaling New Heights in Corporate Finance

With synergistic collaboration with its parent company, Guotai Haitong Securities Co., Ltd., in 2025, the Group continued to deepen and upheld its focus of equity financing business in cutting-edge sectors such as new technology, robotics, and artificial intelligence, recording its best-ever performance. During the year, the Group completed seven IPO sponsorship projects, ranking among the top Chinese investment banks in terms of number of deals, with total fundraising amount hitting over HK$16 billion. A total of 25 IPO applications (excluding confidentially submitted applications) were submitted. Notably, CIG Shanghai (stock code: 6166.HK), solely sponsored by the Group, set a record as the largest IPO of communication equipment industry in the history of the A-share and Hong Kong stock markets; OneRobotics (Shenzhen) (stock code: 6600.HK) was listed as the first company in the smart home robotics sector; and Hesai Group (stock code: 2525.HK), co-sponsored by the Group, was the largest US-listed Chinese concept stock returning for a Hong Kong listing project in terms of fundraising scale since 2022. In addition, during the year, the Group completed 34 secondary market placement projects, ranking the first in the market in terms of the number of projects.

In 2025, the Group participated in a total of 294 offshore bond issuance projects, with a total issuance scale of approximately HK$522.1 billion, representing a YOY increase of 34%. According to the bond platform of DMI, among Chinese securities firms, the Group ranked the third in terms of offshore bond primary underwriting scale, and the second in terms of Chinese offshore bond lead underwriting scale. The Group’s services covered various types of bond issuers, including large state-owned enterprises, financial institutions, and local governments, maintaining a leading position in the industry.

Growing Institutional Business, Market-leading Solutions

The Group has continued to provide one-stop cross-border, cross-asset and cross-market services for institutional investors. Leveraging the opportunities brought by connectivity mechanisms such as the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, it has deepened collaboration with its parent company, integrated the advantages of domestic and overseas resources, and enhanced its product design and trading capabilities. As at the end of 2025, the scale of financial products held on behalf of clients rose 17.7% YOY to HK$47.4 billion, with steady growth in net income. In the Hong Kong stock derivatives market, the Group’s trading volume of exchange-traded derivatives recorded significant YOY growth, ranking among the leading Chinese securities firms.

Green at Core, Low-carbon in Action

The Group upholds the philosophy of “Finance for the Country, Finance for the People, and Finance for the Good”, integrating ESG principles into daily operations and management. In green finance, the Group continued to deepen its presence in the ESG bond market. During the year, it completed 86 ESG bond issuances with a total financing size of approximately HK$204.4 billion, up 25% YOY, ranking the first among Chinese securities firms in DMI’s offshore Renminbi ESG bond league tables, underscoring its leading position in green finance.

For low-carbon operations, the Company achieved operational carbon neutrality for the third consecutive year by offsetting its 2024 Scope 1 and Scope 2 greenhouse gas emissions through verified carbon standard forestry carbon assets, demonstrating its strong commitment to climate action.

The Company’s ESG ratings from MSCI, Wind, and SynTao Green Finance are all industry-leading. Among them, the Company has achieved the highest AAA grade in the MSCI ESG rating, while its S&P Global ESG score outperforms 81% of global peers.

Looking ahead to 2026, Guotai Junan International will adhere to the principle of seeking progress while maintaining stability, proactively respond to market changes, focus on improving the quality and efficiency of core businesses, deepen the client-centric philosophy, build a full-cycle comprehensive financial service system covering institutional, corporate and individual clients, continue to provide precise, diversified and efficient one-stop financial solutions, and promote the high-quality development of various businesses to a new level.

For the full announcement, please visit:
https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0325/2026032500353.pdf

Disclaimer:

This presentation does not constitute an offer or invitation to purchase or subscribe for any securities or financial instruments or the provision of any investment advice, and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto, nor does this presentation constitute a recommendation regarding the securities or financial instruments of the Company.

This presentation contains certain forward-looking statements with respect to the financial conditions, results of the operations and business of the Company and certain plans and objectives of the management of the Company. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such forward-looking statements were based on assumptions regarding the Company’s present and future strategies and the political and economic environment in which the Company will operate in the future. Reliance should not be placed on these forward-looking statements, which reflect the view of the Company’s management as of the date of this presentation only. There can be no assurance that future results or events will be consistent with any such forward-looking statements. 

About GTJAI

Guotai Junan International (Stock Code: 1788.HK), a subsidiary of Guotai Haitong Group, is the market leader and first mover for internationalization of Chinese Securities Company as well as the first Chinese securities broker listed on the Main Board of The Hong Kong Stock Exchange through initial public offering. Based in Hong Kong with subsidiaries in Singapore, Vietnam and Macau, GTJAI’s business covers major markets around the world, offering high-quality and diversified comprehensive financial services for clients' overseas asset allocation. Core business includes wealth management, institutional investor services, corporate finance services, investment management and other business. GTJAI has been assigned “Baa2” and “BBB+” long term issuer rating from Moody and Standard & Poor respectively, as well as an MSCI ESG “AAA” rating, Wind ESG “A” rating and SynTao Green Finance “A” rating in ESG. Additionally, its S&P Global ESG score leads 81% of its global peers. The controlling shareholder, Guotai Haitong Securities (Stock Code: 601211.SH/ 2611.HK), is the comprehensive financial provider with a long-term, sustainable and overall leading position in the China’s capital markets. For more information about GTJAI, please visit https://www.gtjai.com

Value Creation Capability Continues to Rise, with Notable Progress in Business Transformation

The continued enhancement of value creation capability was a key highlight of Sunshine Insurance’s performance in 2025. During the Reporting Period, the Company’s total premium income reached RMB150.72 billion (all amounts in RMB unless otherwise stated), while net profit attributable to equity owners of the parent amounted to RMB6.31 billion, and embedded value steadily increased to RMB120.78 billion. Overall, the Company’s key performance indicators remained solid, and its operating quality continued to improve.

Meanwhile, Sunshine Insurance has continuously optimized its business structure with outstanding performance in its life insurance business. It has deepened its “One Body, Two Wings” strategy and advanced the transformation of its sales team and product structure. In its individual insurance business, variable-returns products and protection-type products together accounted for more than half of the portfolio. The property and casualty insurance business also achieved sustained structural optimization: the proportion of non-automobile insurance premiums rose to 46.1%, the share of household auto premiums to the automobile insurance increased by 2.6 percentage points year-on-year, marking remarkable results from business transformation.

Continuous Innovation in Customer Management System, Leading Reputation and Customer Loyalty

Refined customer management and innovative products and services form the core competitiveness of Sunshine Insurance. In 2025, adhering to the “people-centered” value orientation, the Company accurately addressed the full life-cycle needs of its customers and further consolidated its customer base.

Addressing the unique needs of the silver-haired demographic, Sunshine Life Insurance launched 12 dedicated products under the “Better Life”series, delivering innovative breakthroughs in product design, eligible age, benefit payout structures and supporting services. The Company also upgraded its home-based elderly care services, which now cover 232 cities nationwide. Meanwhile, Sunshine Property & Casualty (P&C) Insurance introduced auto insurance claims service robot, enabling round-the-clock online response and full-process support throughout the claims journey. It also launched several Pro-version short-term health insurance products, effectively facilitating the conversion of single auto insurance customers into customers with comprehensive insurance coverage. The proportion of personal auto insurance customers purchasing non-auto insurance products reached 63.1%, representing a year-on-year increase of 5.3 percentage points. Additionally, the Company further advanced its “Partnership Action” risk management services, extending dedicated services to the onshore wind power sector and providing “professional + technology-enabled” risk solutions to 35,000 corporate clients. As a result, its service reputation and customer loyalty continued to lead the market.

Accelerating Technological Innovation, Achieving Comprehensive Improvements in Operational Efficiency

Technological innovation has become a new quality productivity driver for Sunshine Insurance’s high-quality development. In 2025, the Group comprehensively advanced the implementation of its “Robotics Engineering” and “Data Engineering” initiatives, with a large number of core AI applications successfully deployed. Sunshine Life independently developed an “AI Customer Management Assistant,” capable of second-level response times and quickly generating personalized customer management plans. The system has now been deployed across six major business platforms.

Sunshine P&C has also launched a Claims Service Robot, leveraging a dedicated customer claims service group model to create a fully online, end-to-end service loop covering claim reporting, intelligent loss assessment, and claim payment. Customer inquiry response times have been shortened from minutes to seconds, claims inspection efficiency has improved by 20% compared with traditional models, and the customer satisfaction rate has reached 98%, significantly enhancing both service responsiveness and the overall claims experience.

In terms of data engineering, Sunshine Insurance has innovatively built a siphon-style database, integrating the entire process of data collection, analysis, and application. This enables a self-driven, closed-loop operation of data, allowing data to truly become the “source of vitality” that drives business growth.

Overall, the strong performance in 2025 serves as a vivid testament to Sunshine Insurance’s deepened strategic transformation and focus on high-quality development, and is also a significant result of technological innovation empowering its core insurance business. Looking ahead, the Company will remain committed to its founding mission of “bringing more sunshine to people,” further strengthening its core capabilities, deepening its engagement in people’s livelihood security, proactively aligning with national strategies, and delivering premium, more efficient and more human-centered insurance services to customers, thereby contributing Sunshine’s strength to the high-quality development of the industry.

At the strategic level, Sunshine Insurance has, since 2023, been fully implementing its “New Sunshine Strategy” of “Technological Sunshine, Valuable Sunshine, and Caring Sunshine ”, guiding its development with strategic determination. This strategy integrates technological empowerment, value creation, and customer service throughout the entire business process, gradually building a differentiated competitive advantage.

In terms of “Technological Sunshine”, Sunshine Insurance created a form of new quality productivity in insurance with distinctive Sunshine characteristics with “Robotics Engineering ” and “Data Engineering” as its core initiatives. In terms of “Robotics Engineering ”, the Company advanced the deployment of its “AI+” strategy across 12 business segments in three key areas: sales, services, and management. A large number of core AI applications have been successfully implemented, significantly optimizing user experience while improving quality, efficiency, and operational management capabilities. In terms of “Data Engineering ”, the Company innovatively established a “siphon-style database”, connecting the entire process of data collection, analysis, and application to create a self-driven closed-loop data operation system. This enables data to truly become the “source of vitality” driving business growth. The Company also focuses on unlocking data value throughout the entire customer lifecycle, promoting deep scenario-based applications and enabling the large-scale release of data value.

In terms of “Valuable Sunshine”, Sunshine Life focused on profit-source management and asset-liability matching, and steadily advanced the management of the “three margins”. Adhering to coordinated development across multiple business lines, it deepened the “One Body, Two Wings” strategy, continuously optimized its product structure, and accelerated the transformation of its sales force. Sunshine Property and Casualty (P&C) continued to take the “Mortality Table Project” as a core initiative to enhance its capabilities in risk pricing, resource allocation and cost management, further strengthening the foundation for sustainable development. In terms of asset management, the Group adheres to the philosophy of long-term investment and value investment, with asset-liability coordination as the core principle. The Group continued to optimize its investment portfolio structure and steadily enhanced its capability to achieve scientific matching and dynamic coordination between assets and liabilities, striving to obtain stable returns across economic cycles. At the same time, the Group fully leverages the characteristics and advantages of insurance funds as “patient capital”, aligns closely with the strategic direction of the “15th Five-Year Plan”, and actively advances the “five priorities” in the financial sector.

In terms of “Caring Sunshine”, focusing on the needs of the silver-haired demographic, Sunshine Life Insurance launched 12 dedicated products under the “Better Life” series, delivering innovative breakthroughs in product design, eligible age, benefit payout structures and supporting services. In addition, the Company comprehensively upgraded its home-based elderly care services, effectively enhancing the sense of gain, happiness, and security among senior customers. Sunshine P&C Insurance introduced auto insurance claims service robot, enabling round-the-clock online response, intelligent guidance, and full-process support throughout the claims process, significantly improving the service experience for auto insurance claims customers. The Company also continued to deepen the implementation of the “Partnership Action” risk management service, with dedicated services further expanded to cover the onshore wind power sector, thereby further enhancing the capability and quality of its risk management services.

Benefiting from the ongoing implementation of the “New Sunshine Strategy” and the comprehensive development of its core capabilities, in 2025 Sunshine Insurance’s three core businesses—life insurance, property & casualty insurance, and asset management—worked in synergy, achieving comprehensive improvement in operational efficiency and effectiveness, continuously strengthening core competitiveness, and maintaining steady and robust high-quality development.

Overall, guided by the “New Sunshine Strategy”, Sunshine Insurance achieved coordinated growth in scale, value and efficiency in 2025, while continuously improving the quality and effectiveness of its operations. Looking ahead, Sunshine Insurance will remain committed to the core mission of insurance, further advance the implementation of the “New Sunshine Strategy”, promote the coordinated development of its diversified businesses, and steadily embark on a new journey of high-quality development, contributing more Sunshine’s strength to the industry and society.

TOKYO, Mar 4, 2026 - (ACN Newswire) - JCB Co., Ltd. (JCB), together with Resona Holdings, Inc. (Resona; TSE: 8308), announced the start of a project to commercialize ultra-wideband (UWB) payments that realize a new purchasing experience using UWB communication.

The two companies have agreed to launch the world's first full-scale project for the practical application and commercialization of UWB payments. In 2026, JCB will work with multiple technology partners and collaborating merchants to demonstrate payment technology and value-added solutions for merchants, as well as user experience building projects to create new purchasing experiences. On top of that, JCB aims to launch small-scale commercial operations in 2027 and full-scale commercialization in earnest in 2028.

The two companies are participating in the FiRa® Consortium, which standardizes and contributes to the development of UWB communication technology, as well as builds new payment experiences and value-added solutions for stores using UWB technology.

About the UWB Payment Project

Through the activities of the FiRa Consortium, JCB, and Resona will standardize technologies and experiences for payment applications, and with the support of FiRa Consortium’s participating vendors, conduct technology tests. From 2026, the two companies will demonstrate UWB payments and value-added solutions together with multiple partner merchants and provide feedback to FiRa on the necessary technology development.

In parallel, JCB and Resona will conduct research on user experience and store payment operations to confirm user and merchant acceptability.

Moreover, to reduce the introduction load for merchants as much as possible, the project aims to build a payment infrastructure that can widely accept payment solutions using UWB from competitors. The project is aimed to launch on a small scale in 2027 and commercialize on a full-scale in 2028.

In addition, the two companies will aim to realize new UWB payments through collaboration with a wide range of partners in Japan and other countries.

Image of UWB payment

The Background of This Project

UWB communication technology is a short-range wireless communication technology that has the characteristics of (1) accurate location of devices and (2) high-speed data communication and is being used in Japan and overseas for location verification of digital keys for cars and homes, indoor navigation, and tags.

The technology is also used overseas in gateless public transportation systems. In the future, it is expected to be used for payments, as with NFC (Near Field Communication) and QR codes.

Outside Japan, the spread of smartphones with UWB functions has been slow, but in Japan, smartphones that can use UWB communication are widely available, and can be utilized in advance of the rest of the world. Moreover, the diversification of cashless payments and the wide range of value-added solutions for users and stores are also characteristics of Japan's payment scene. The project believes that it is necessary to take advantage of this location and create new payment solutions to solve problems for users and stores and meet the needs of new solutions.

Overview of “UWB Payments”

UWB payments can greatly improve the purchasing experience. Until now, it has been necessary to physically touch a card or smartphone at a payment terminal in a merchant or to scan a QR code. UWB payments will leverage short-range communication characteristics to create a new purchasing experience, such as hands-free payments even with a smartphone in a pocket or bag, and to instantly convey user information, such as diet restrictions, to merchants.

Also, by utilizing the accurate location information of smartphones, it is possible to realize value-added solutions for both users and merchants that have never been seen before, such as improving the efficiency of navigation and waiting in stores, distributing personalized advertisements and coupons using smart displays, and providing new customer service for VIP customers. It is expected to be used not only to improve the experience but also to be used as a labor-saving solution to address labor shortages.

Comparison of NFC and UWB payments

Examples of value-added solutions:

• Provide communication functions for both users and merchants. For example, it can be used to automate the communication of requests such as food allergy information, whether or not plastic bags are needed, whether receipts are present and addressed, loyalty program information, whether coupons are available and used, and requests such as handicap and assistance needs, and children's chair preparations.
• Provide special customer service experiences for VIP customers and support store operations. Customers can receive a special customer service experience without verbally communicating with the merchant’s staff, allowing stores to provide appropriate customer service based on specific customer needs.
• Enable 1-to-1 marketing capabilities for customers. Marketing utilization, such as displaying personalized information on smart displays near customers, distributing coupons to customers, and displaying personalized pricing.

Past UWB Payments Initiatives

In January 2024, JCB and Resona entered into a strategic partnership for the "Hands-free Payment" project, an initiative to build a new payment experience that does not require smartphone operation using device-to-device communication technology. Using UWB communication technology by linking the smartphones held by customers who visit the store with payment terminals and various IoT devices installed in the store, it allows customers to complete the payment process from authentication to payment procedure without taking out a smartphone or activating the screen, and even keeping their smartphone in their bag or pocket. By utilizing this solution, customers can grasp information at the time of their visit to the store and receive customer service and new in-store experiences, such as providing services for VIPs, preferential treatment, and coupon distribution.

JCB also announced the development of a UWB-enabled app for iPhones and Apple Watches to support the project, along with a reference model of store checkout equipment and the launch of user testing. Through these efforts, JCB and Resona have been discussing and collaborating with their collaborative partners on technologies and business models.

Looking ahead, JCB and Resona will work with multiple technology partners and collaborating merchants to carry out proof-of-concept initiatives for payment and merchant value-added solutions in 2026, with a phased commercial rollout planned for 2027 and full-scale commercialization targeted for 2028.

About FiRa Consortium

The FiRa Consortium is a member-driven organization dedicated to transforming the way we interact with our environment by enabling precise location awareness for people and devices using the secured fine-ranging and positioning capabilities of Ultra-Wideband (UWB) technology. FiRa does this by driving the development of technical specifications and certifications, advocating for effective regulations, and defining a broad set of UWB use cases. To learn more about UWB and the FiRa Consortium, visit　www.firaconsortium.org.

About Resona Holdings, Inc.

With the Group's purpose of "Making the future positive with finance +," we continue to take on the challenge of transformation and creation in order to transform the future into a positive one with ideas that go beyond the framework of finance. Adhering to our basic stance of "customer joy is Resona's joy," we will work to "strengthen value creativity" and "next-generation management infrastructure" to respond to customers and local communities.

About JCB Co., Ltd.

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 71 million merchants worldwide. JCB Cards are now issued mainly in Asian countries and territories, with more than 175 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solutions provider, JCB is committed to delivering responsive, high-quality products and services to all customers worldwide.

For more information, please visit: www.global.jcb/en/

Contact
Anna Takeda
JCB Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@info.jcb.co.jp