On 26 April, 2020 Annual Report of China Re Group (the “2020 Annual Report”) was disclosed on the Hong Kong Stock Exchange and the official website of the Company and concurrently dispatched to holders of H shares of the Company. The report provided shareholders and the market the accurate information of the operating results, operating performance and important events of China Re Group throughout 2020 in a timely manner.
In accordance with the latest requirements of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited and in conjunction with the guided opinion “Review of Issuers’ Annual Report Disclosure – Report 2020” issued by the Hong Kong Stock Exchange simultaneously, innovations in the following areas was adapted in the 2020 Annual Report:
Firstly, the criteria of the P&C reinsurance business segment in the section of Management Discussion and Analysis was adjusted from the criteria of the financial statement of a legal person to that of the management to better reflect the practical operation;
Secondly, the reasons for the growth in gross written premiums and total investment income as well as the changes in net profit was clearly elaborated. Additional disclosure of the impact of the COVID-19 pandemic on the operation of the Group was made to address investors’ concerns;
Thirdly, the design of the front cover, back cover and pages of 2020 Annual Report were upgraded by adding tables and charts and inserting photos so as to be more aesthetically pleasing;
Fourthly, we condensed and refined statements in each section to make content more concise.
By fully leveraging its historical experiences in report preparing, China Re Group vigorously strengthened pandemic prevention and control and the practical report preparing works throughout the entire process, and spared no effort to coordinate and resolve various work difficulties. Against the backdrop of regularized pandemic prevention and control, with a centralized review method combining “online + offline,” China Re Group ensured timely communication and sharing of necessary information between each team member, sufficient exchange of opinions and suggestions on important issues, which enabled the finalization, printing, disclosure, and dispatch of the annual report in high quality.