Fosun International : statement in relation to the recent updates on Yong’an Insurance

Recently, Fosun has been informed that the board of directors of Yong'an Property Insurance Company Limited have considered and passed the resolution of approving the resignation of President Jiang Ming on grounds of age. As an insurance industry expert and excellent professional manager, Mr. Jiang steered the company to success with the support from The People's Government of Shaanxi Province, State-owned Assets Supervision and Administration Commission of Shaanxi Province, Finance Bureau of Shaanxi Province and shareholders during his tenure as President of Yong An. With his strong leadership, dedication, expertise and management capability, Yong'an has achieved a favorable development and has obtained good financial results in recent years. Fosun has appointed Mr. Jiang as the Vice President of the Group and he will remain as a board director of Yong'an. He will further contribute his expertise to the development of Fosun's finance and insurance businesses and Yong'an's development.

As one of the shareholders of Yong'an, Fosun has consistently strived to work with other parties to enhance the management and business performance of Yong'an since its investment in the company in 2007. Yong'an has implemented marketized management mechanism in recent years, helping the company to return to profit. Fosun is pleased with Yong'an's performance and continues to be optimistic about its future development. Until now, Fosun adheres to its initial plan and will continue to strive for the orderly progression and marketized management of the company under the support of The People's Government of Shaanxi Province, State-owned Assets Supervision and Administration Commission of Shaanxi Province, Finance Bureau of Shaanxi Province, shareholders and all related parties. Fosun will continue to support the stable and healthy development of Yong'an.