PICC Property & Casualty Company Limited (“PICC P&C”, 2328.HK) completed the acceptance and payment for H rights shares and domestic rights shares on December 2nd 2014, and the H rights shares have been listed and traded on the HKSE since December 10th 2014, marking a successful completion of the rights issue by the largest P&C insurer in China. The Subscription Prices of HK$7.46 per share to existing H-share holders and RMB5.92 per share to existing domestic shareholders (the same price after exchange rate adjustment), represents a discount of approximately 47.4% to the closing price of HK$14.18 per H Share as quoted on the HKSE on the Price Determination Date. The Rights Issue, consisting of 844,594,760 Domestic Share Rights Issue and 379,777,642 H Share Rights Issue, raised gross proceeds in an aggregate amount of HK$9,146 million (equivalent to approximately RMB7,244 million). CICC acted as Sole Global Coordinator for the H-share and domestic share rights issue, Joint Lead Underwriter and Joint Bookrunner for the H-share rights issue.