Ping An Insurance of China : OVERSEAS REGULATORY ANNOUNCEMENT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is made pursuant to Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

"The Announcement of Ping An Insurance (Group) Company of China, Ltd. in relation to the Disclosure of 2016 Annual Report Summary of Ping An Bank", which is published by Ping An Insurance (Group) Company of China, Ltd. on the website of Shanghai Stock Exchange, is reproduced herein for your reference.

By order of the Board

Company Secretary

Shenzhen, PRC, March 16, 2017

As at the date of this announcement, the Executive Directors of the Company are Ma Mingzhe, Sun Jianyi, Ren Huichuan, Yao Jason Bo, Lee Yuansiong and Cai Fangfang; the Non-executive Directors are Lin Lijun, Soopakij Chearavanont, Yang Xiaoping, Xiong Peijin and Liu Chong; the Independent Non-executive Directors are Woo Ka Biu Jackson, Stephen Thomas Meldrum, Yip Dicky Peter, Wong Oscar Sai Hung, Sun Dongdong and Ge Ming.

Stock Code: 601318 Stock Short Name: Ping An of China Serial No.: Lin 2017-006

The board of directors and all directors of Ping An Insurance (Group) Company of China, Ltd. (hereinafter referred to as the "Company") confirm that there are no false representations and misleading statements contained in, or material omissions from this announcement, and severally and jointly accept the responsibility for the truthfulness, accuracy and completeness of the contents of this announcement.

Ping An Bank Co., Ltd. (hereinafter referred to as "Ping An Bank"), a subsidiary of the Company, proposes to publish the "2016 Annual Report of Ping An Bank" on the website of Shenzhen Stock Exchange (www.szse.cn) on March 17, 2017.

Please also refer to the "2016 Annual Report Summary of Ping An Bank" disclosed by the Company on the website of Shanghai Stock Exchange (www.sse.com.cn) for operating performance of Ping An Bank for the year 2016.

The Board of Directors

Ping An Insurance (Group) Company of China, Ltd.

March 16, 2017

1. Important Notes

2. This annual report summary is extracted from the full text of annual report (hereinafter referred to as the "2016 Annual Report" or "Annual Report"). To comprehensively understand the operating results, financial position and future development plans of Ping An Bank Co., Ltd. (hereinafter referred to as "Ping An Bank" or the "Bank"), investors should carefully read the full text of the Annual Report, which is available on the media designated by China Securities Regulatory Commission.

3. The board of directors (hereinafter referred to as the "Board"), the supervisory committee (hereinafter referred to as the "Supervisory Committee"), the directors, the supervisors and senior management of the Bank guarantee the authenticity, accuracy and completeness of the contents of the Annual Report, in which there are no false representations, misleading statements or material omissions, and are severally and jointly liable for its contents.

4. The 5th meeting of the 10th session of the Board of the Bank considered the 2016 Annual Report together with its summary. 12 directors attended the meeting, at which 12 directors were expected to attend. This report was approved unanimously at the meeting.

5. The 2016 financial report prepared by the Bank was audited by PricewaterhouseCoopers Zhong Tian LLP according to the PRC standards on auditing with the issue of the auditors' report with unqualified opinions.

6. Xie Yonglin (the Bank's Chairman), Hu Yuefei (the President), Chen Rong (the Vice President and CFO) and Han Xu (the head of the Accounting Department) guarantee the authenticity, accuracy and completeness of the financial report contained in the 2016 Annual Report.

7. Proposal of profit distribution or capitalization of capital reserve during the reporting period approved by the Board: proposes to distribute a cash dividend of RMB1.58 per 10 shares (tax inclusive) to all shareholders based on the total share capital of the Bank of 17,170,411,366 shares as at December 31, 2016. No bonus shares will be issued and no conversion will be made from reserves.

8. Proposal of profit distribution for preference shares during the reporting period approved by the Board

   • Applicable √ Not applicable

9. Basic Corporate Information

11. Corporate Profile

    Stock Short Name	Ping An Bank	Stock Code	000001
    Stock Exchange on which the shares are Listed	Shenzhen Stock Exchange
    Contact Person and Means of Contact	Secretary to the Board		Representative of Securities Affairs
    Name	Zhou Qiang		Lv Xuguang
    Office Address	Board Office of Ping An Bank, 5047 East Shennan Road, Shenzhen, Guangdong, the PRC		Board Office of Ping An Bank, 5047 East Shennan Road, Shenzhen, Guangdong, the PRC
    Facsimile	(0755) 82080386		(0755) 82080386
    Telephone	(0755) 82080387		(0755) 82080387
    Email	pabdsh@pingan.com.cn		pabdsh@pingan.com.cn

12. Overview of principal activities or products during the reporting period

Ping An Bank was formed after the merger of former Ping An Bank Co., Ltd. by former Shenzhen Development Bank Co., Ltd. through absorption. It is a national joint-stock commercial bank.

Principal activities of the Bank

The Bank is engaged in the following commercial banking services as approved by the regulatory authorities:

(1) deposit-taking from the public; (2) advance of short-, medium- and long-term loans; (3) domestic and overseas settlement; (4) bills acceptance and discounting; (5) issuance of financial bonds; (6) agency for issuance, agency for honoring and underwriting of government bonds; (7) purchase and sale of government bonds and financial bonds; (8) interbank lending and borrowing; (9) trading of foreign exchange on its own behalf and as an agent;

(10) bank cards; (11) provision of letter of credit services and guarantees; (12) agency for collection and payment and insurance agency; (13) safe deposit box services; (14) foreign exchange settlement and sale; (15) offshore banking; (16) asset custody; (17) gold related business; (18) financial adviser, and credit standing investigation, consultation and witness; and (19) other businesses as approved by the regulatory authorities.

The stage of development of the industry in which the Bank operates

With new models replacing old models in the domestic economy and deleveraging in 2016, the pressure in banking operations was tighter. The impacts and challenges arising from credit risks, market risks and other risks in the industry, as well as the intensified volatility in the financial market abroad imposed higher requirements on liquidity management and asset and liability management of commercial banks. Meanwhile, positively affected by "One Belt, One Road", new economy and good consumption sentiment, the businesses of banks such as internet