The financial technology industry is still at its nascent stage of development with enormous potential for future development. financial technology is continuously being applied to various financial service scenarios, which not only increases the competitiveness of the financial service industry, but also provides the general public with more diversified choices in daily life.

      The Groups is actively grasping the opportunities of financial technology development, making investment and joint venture initiatives as follows:

      ZhongAn Online P&C Insurance Co., Ltd. is the first and largest online insurance company in China, and the Group is one of its founding shareholders. Having established an open, flexible and scalable core system based on cloud service platform to meet the massive and high-speed insurance business needs on the Internet, the company continues to develop and consolidate advanced technologies such as artificial intelligence, blockchain and big data, and applies them to product research and development to improve experience and operation efficiency.

      ZhongAn Technologies International Group Limited, a joint venture of the Group and ZhongAn Online P & C Insurance Co., Ltd., mainly focuses on exploring international business opportunities in the areas of financial technology and Insurtech by tapping into overseas markets. ZA Bank Limited, a wholly-owned subsidiary of ZhongAn Technologies International Group Limited, was granted a virtual banking licence under the first batch by the Hong Kong Monetary Authority in March 2019, marking the Hong Kong Monetary Authority's recognition of the Group's development in financial technology and its becoming a virtual bank's founding shareholder.