REG - China Pacific Insur. - Proposed issue of Convertible Bonds

China Pacific Insurance CoAnnouncement

10/09/2025 12:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250910:nRSJ8178Ya&default-theme=true

RNS Number : 8178Y  China Pacific Insurance Grp Co. Ltd  10 September 2025

10 September 2025

CHINA PACIFIC INSURANCE (GROUP) CO., LTD.

(A joint stock company incorporated in the People's Republic of China with
limited liability)

Proposed issue of Convertible Bonds

China Pacific Insurance (Group) Co., Ltd. (the "Company" or "CPIC") proposes
to offer the HKD-denominated convertible bonds (the "Convertible Bonds") to
professional investors and to offer the Convertible Bonds only outside the
United States in accordance with Regulation S under the United States
Securities Act of 1933. The Convertible Bonds will only be issued to
"professional investors" as defined in Chapter 37 of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited and in the
Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), and
none of the Convertible Bonds will be offered to the public in Hong Kong or
will be placed to any connected persons of the Company.

The pricing of the Convertible Bonds, including the issue price and the
initial conversion price, will be determined through a book building exercise
conducted by the Joint Global Coordinators, the Joint Bookrunners and the
Joint Lead Managers. Upon finalization of the terms of the Convertible Bonds,
the Joint Lead Managers will enter into a subscription agreement with the
Company in relation to the Convertible Bonds. As at the date of this
announcement, the amount, terms and conditions of the proposed issue of
Convertible Bonds by the Company (the "Proposed Convertible Bonds Issue") have
yet to be determined.

The Company intends to use the net proceeds from the offering of the
Convertible Bonds for (i) development of insurance business; (ii)
implementation of strategic development initiatives in health service &
elderly care, AI+, internationalization; and (iii) general corporate purpose,
including supplementing working capital.

Application will be made to the Hong Kong Stock Exchange for listing of, and
permission to deal in, the Convertible Bonds by way of debt issue to
professional investors only and an application will be made to the Hong Kong
Stock Exchange for the listing of, and permission to deal in, the H shares to
be issued upon the exercise of the conversion rights attaching to the
Convertible Bonds on the Hong Kong Stock Exchange. Listing of the Convertible
Bonds on the Hong Kong Stock Exchange is not to be taken as an indication of
the commercial merits or credit quality of the Company or the Convertible
Bonds.

The Proposed Convertible Bonds Issue may or may not materialize and no
definitive agreement in relation to the Proposed Convertible Bonds Issue has
been entered into as at the time of release of this announcement. Potential
investors and shareholders of the Company are urged to exercise caution when
dealing in the securities of the Company. Further announcement in respect of
the Proposed Convertible Bonds Issue will be made by the Company should a
subscription agreement be signed.

 

By Order of the Board of Directors

       China Pacific Insurance (Group) Co., Ltd.

FU Fan

Chairman

 

 

 

About CPIC

CPIC is a joint stock company established under the laws of the People's
Republic of China with limited liability.

CPIC's registered office is located at 1 South Zhongshan Road, Huangpu
District, Shanghai, the People's Republic of China.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IODFBLFFEKLLBBX