HONG KONG, 12 January 2022 – AIA Group Limited (the “Company”, and together with its subsidiaries, “AIA” or the “Group”) is pleased to announce that it has completed its investment in China Post Life Insurance Co., Ltd. (“China Post Life”). The investment was completed upon receiving all necessary regulatory approvals for AIA’s wholly owned subsidiary, AIA Company Limited, to invest RMB12,033 million (US$1,860 million)1 for a 24.99 per cent equity stake in China Post Life.
AIA’s investment in China Post Life is complementary to AIA’s strategy in China and increases the Group’s exposure to the growth opportunities in the Chinese life insurance market. The investment enables AIA to capture the significant value available from distribution channels and customer segments, helping millions more Chinese families live Healthier, Longer, Better Lives. The Group’s operations of AIA China will remain entirely independent of this investment.
Additional information on the investment: