China Taiping Insurance Holdings Company Limited (“China Taiping”, 966.HK) successfully completed the placing and subscription of shares on May 14, 2015 (“the Placement”). According to the general mandate from the General Meeting of Shareholders of China Taiping, the Placement was allotted to no more than 10 investors on a non-public basis. An aggregate of 486 million shares were issued to raise HK$13.47 billion (US$1.74 billion), with the placing price of HK$27.74 per share. It was priced with a 5.0% discount to the closing price on the last trading day, and a 6.5% discount to the average closing price of the last five consecutive trading days up to and including the last trading day. CICC acted as Co-placing Agent in the transaction.