1. The nature of the two is different: Ping An Life Insurance Company of China is a subsidiary of Ping An Insurance (Group) Co., Ltd. of China and an important member of Ping An Insurance (Group) Co., Ltd. of China.

As of 2018, the insurance series of Ping An Insurance (Group) Co., Ltd. of China has five subsidiaries, namely: Ping An of China Life Insurance Co., Ltd., Ping An of China Property & Casualty Insurance Co., Ltd., and Ping An Pension Insurance Co., Ltd.

Ping An Health Insurance Co., Ltd., Ping An Insurance Agency Co., Ltd.

2. The business scope of the two is different: In addition to insurance business, Ping An Group also has banking series and investment series subsidiaries, such as: Ping An Bank, Ping An Trust, Ping An Securities, Ping An Fund, etc., covering all fields of the financial industry and has developed

Become one of the few financial companies in China that can provide customers with a full range of financial products and services such as insurance, banking and investment.

Ping An Life Insurance Company of China only operates insurance business. Its main insurance types include: Century Tongxiang whole life insurance, Hongxin whole life insurance, Xinsheng whole life insurance, Xinli endowment insurance, Xinxiang endowment insurance, etc.

3. The two were founded at different times: Ping An Insurance (Group) Co., Ltd. of China was born in Shekou, Shenzhen in 1988 and was the first joint-stock insurance company in China; Ping An Insurance (Group) Co., Ltd. of China was established in 2002 and is currently the first joint-stock insurance company in China.

The second largest life insurance company in the country.

Extended information: 1. The specific business scope of China Ping An Insurance (Group) Co., Ltd. includes: investing in insurance companies; supervising and managing various domestic and international businesses of holding investment companies; carrying out insurance fund utilization business; carrying out domestic and international insurance upon approval

Business; other businesses approved by the China Insurance Regulatory Commission and relevant state departments.

2. The subsidiaries of Ping An Insurance (Group) Co., Ltd. of China specifically include: (1) Insurance series: Ping An of China Life Insurance Co., Ltd., Ping An of China Property and Casualty Insurance Co., Ltd., Ping An Pension Insurance Co., Ltd., and Ping An Health Insurance Co., Ltd.

Ltd., Ping An Insurance Agency Co., Ltd.

(2) Bank series: Ping An Bank Co., Ltd., Fullerton Investment Credit Guarantee Co., Ltd.

(3) Investment series: Ping An Asset Management Co., Ltd., Ping An Trust Co., Ltd., Ping An Securities Co., Ltd., Ping An Futures Co., Ltd., Ping An Lishun International Currency Brokerage Co., Ltd., Ping An Dahua Fund Management Co., Ltd., Ping An Russell

Investment Management Co., Ltd., Ping An Real Estate Co., Ltd., Lujiazui International Financial Assets Trading Market Co., Ltd.

(4) ***Exclusive series: Ping An Direct Consulting Co., Ltd., Ping An Technology (Shenzhen) Co., Ltd., Shenzhen Ping An Financial Technology Consulting Co., Ltd., Shenzhen Ping An Commercial Real Estate Investment Co., Ltd., Shenzhen Xin'an Investment Consulting Co., Ltd., Ping An Wealth Investment

MANAGEMENT LIMITED.

(5) Overseas markets: Ping An Insurance Overseas (Holdings) Co., Ltd. of China, Ping An Insurance of China (Hong Kong) Co., Ltd., Ping An Bank Hong Kong Branch, Ping An of China Asset Management (Hong Kong) Co., Ltd., Ping An of China Securities (Hong Kong) Co., Ltd., China

Ping An Futures (Hong Kong) Limited.