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Beijing Business Daily (Reporter Li Xiumei) On August 14, Guofu Life Insurance Co., Ltd. (hereinafter referred to as "Guofu Life") issued an information disclosure announcement that its shareholder Ji'an Xinnian Enterprise Group Co., Ltd. will transfer all of its Guofu Life shares (195 million shares, accounting for 10.13% of Guofu Life's total shares) to Guangxi Investment Group Co., Ltd. (hereinafter referred to as "Guangdong Investment Group") and Guangzhou Vipshop Information Technology Co., Ltd. (hereinafter referred to as "Vipshop").

Among them, Guangdong Investment Group acquired 120 million shares, accounting for 6.23% of the total shares of Guofu Life Insurance; Vipshop acquired 75 million shares, accounting for 3.89% of the total shares of Guofu Life Insurance.

After the completion of this equity transfer, Guangdong Investment Group holds 31.77% of Guofu Life's shares; Vipshop holds 24.32% of Guofu Life's shares; Ji'an Xinnian Enterprise Group Co., Ltd. no longer holds Guofu Life's shares. Equity changes are subject to regulatory approval before they take effect.