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Ping An Receives the Two Directors of The Year Awards 2021 from the Hong Kong Institute of Directors

Added 12-06-21 02:04:02am EST - “Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) was recognized by the Hong Kong Institute of Directors with two Directors of The Year Awards this year. Dr. Ma Mingzhe, Chairman…” - Finance.yahoo.com

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Posted By TheNewsCommenter: From Finance.yahoo.com: “Ping An Receives the Two Directors of The Year Awards 2021 from the Hong Kong Institute of Directors”. Below is an excerpt from the article.

HONG KONG and SHANGHAI, Dec. 6, 2021 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) was recognized by the Hong Kong Institute of Directors with two Directors of The Year Awards this year. Dr. Ma Mingzhe, Chairman of the Group, received the individual award in the Listed Companies Executive Directors category for his leadership and commitment to enhancing Ping An's corporate governance. Ping An's Board of Directors won the Board award in the Listed Companies Boards category for its outstanding corporate governance.

This is Dr. Ma Mingzhe's third time winning the Directors of The Year Awards and Ping An's Board of Directors' fifth time to receive the honor.

The panel of judges commented: "Dr. Ma Mingzhe has always been visionary. He had the foresight to invest in technology early. He saw, before the rest of the traditional financial services industry, that the internet economy was affecting every aspect of people's lives and he seized the opportunity. He has adopted best global practices in corporate governance and risk management, resulting in a corporate culture that supports technology innovation, transparency, integrity, strong communication, and social responsibility."

The panel of judges also remarked: "Ping An's Board Diversity Policy has been enacted successfully to ensure a balance of Board members in terms of skills, experiences and diversified perspectives. This leads to elevating the efficiency and effectiveness of the Board, thus maintaining a high level of corporate governance. The percentage of independent non-executive directors (INEDs) is higher than the requirement of Listing Rules. Leading with strategic direction, the Board totally deserves the Award."

Ping An's Board of Directors focuses on the foresight, guidance and accuracy of the Company's strategy, prioritizes long-term and sustainable development and seizes captures development opportunities. Under the Group's "finance + technology" and "finance +ecosystem" strategies, Ping An has furthered its transformation toward smart, digital operations, focusing on "Pan Financial Assets" and "Pan Healthcare." In the first nine months of 2021, the operating profit attributable to shareholders of the parent company rose 9.2% year on year to RMB118,737 million, which is equivalent to a 20.3% annualized operating return on equity. Retail customers increased 3.1% to over 225 million as of September 30, 2021. The Group acquired 25.25 million new retail customers in same period, 34.6% of whom were sourced from internet users within the Group. The total revenue of the technology business increased 12.6% year-on-year to RMB73,227 million.

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