Regulations Governing A Same Person or Same Concerned Party Holding the Issued Shares with Voting Rights over a Particular Ratio of an Insurance Enterprise Article 2

The same person or the same related party who singly, jointly or collectively acquires or intends to acquire more than10 percent, 25 percent or 50 percent of the total outstanding voting shares of an insurance company shall follow the provisions in these Regulations.In reviewing an application under these Regulations, the competent authority shall, based on the shareholding to be acquired, examine the applicant’s honesty, integrity, legality, financial conditions, operation and management experience and capabilities, as well as the applicant’s interest relationship with the insurance company, and whether the proposed business plan will benefit the long-term and sound development of the insurance company.