Neuhau employee holds equity in Ping an subsidiary

China Ping An announced recently, its holding subsidiary of Ping An trust and Linzhi new Hao when Investment Development Co., Ltd. (formerly Shenzhen Investment Development Co., Ltd., hereinafter referred to as "new Hao when") signed the "Ping An securities limited liability company Equity Transfer Agreement",　　To the RMB about 1.22 billion yuan to the price of the Neuhau held by the Ping An securities 9.9% of the equity. As of the disclosure date, Ping An securities registered capital of 3 billion yuan, including new Hao when the amount of RMB 297 million yuan, if the price of 1.22 billion yuan to be let, the employee held the share price doubled 4 times times.　　Industry insurance analysts said the price of about twice times PB, more reasonable. The announcement also said that　　Neuhau held 42.16 million shares of Ping An life (about 0.1771% of the 23.8 billion shares of Ping an life insurance company) and about 38.42 million shares in Ping An insurance production risk (about 12 billion of the total capital shares 0.3203% shares of Ping An) has been ceded to ping an group, the price is 83.1 million yuan and 104 million yuan respectively.　　When the sale of Ping An securities is completed, the new Hao will be held in Ping an subsidiary stock sold out, only the Ping an group of circulating shares. October 26, Ping An group bulletin "Simple changes in rights report," said Neuhau in October through the Shanghai Stock Exchange trading system to sell China Ping An shares of about 12.82 million shares, accounting for 7.6 billion of its total share capital of 0.17%, selling prices between 58.19 to 65.81 yuan. Before the change, new Hao held about 389.6 million shares in Ping An of China, accounting for 5.1% of its total equity.　　After the sale, the new Hao still holds China Ping An 377 million shares, accounting for its total equity of 4.93%. The "Simple change of Interest report" also disclosed that when the new Hao was registered in September this year from Shenzhen to change the Tibet Linzhi. And ping another employee shares shareholding platform King Industrial Development Co., Ltd. also moved to Tibet.　　Analysts believe that the change in registration is due to the need for tax avoidance. New Solution New Hao is the Ping an employee shareholding platform, formerly the Ping An comprehensive service (ping ' an staff fund) company, from 1992 to date, has subscribed and holds 390 million shares of Ping an stock in China, but also holds the Ping an life, insurance, securities, part of the equity.　　Peace another AO industrial enterprise for Ping An employee shareholding platform, Jiangnan industry for the executive shareholding platform, respectively, holding China Ping An 331 million shares and 139 million shares a shares. March 1, 2007 Ping An A shares listed, the three companies pledged to hold a stake for three years, that is, the circulation of the listing on March 1, 2010.　　In February this year, the China Peace Bulletin said the lifting of the three-a-share shares will be sold in a two-tier market and a combination of bulk trading in a way to reduce the number of annual lifting of the amount of less than 30%, up to 5 years to complete. Neuhau when the "on the Ping an employees to set up a group of related companies held in China Ping An A-shares entrusted with the overall assets management and authorization of Ping An securities," said the new Hao whenAnd Jing-ao industry in the acquisition of income reduction, will be in accordance with the state and Shenzhen tax regulations to pay corporate income tax, and will be in the distribution of income before the withholding of personal income tax.　　According to the current regulations and policies, the Shenzhen Enterprise income tax rate of 2010 is 22%, 2011 is 24%, 2011 after 25%, the individual income tax rate is 20%. Pay high taxes caused the owners of Ping an employee's objections, therefore, the peaceful use of the change of new Hao and the King of the industrial registration of the way to avoid tax. According to the provisions of the measures for the implementation of preferential policies for enterprise income tax in the Tibet Autonomous Region, "the enterprises (including science, technology, law, accounting, auditing, taxation, etc.) of the newly-established independent accounting consulting industry shall be exempted from enterprise income tax for 2 years from the date of its opening." "Business information shows that new Hao when the main business is" social and economic consultation. Another employee shares shareholding platform Landscape Industrial registration also moved to Tibet, its main business is expected to be exempt from tax 1-year discount.　　After the tax exemption period, the company will also enjoy the Tibet region's corporate income tax rate of 15% discount. According to the preferential 22% Enterprise tax calculation, ping an previous sale of a A-share set is now about 800 million yuan, less spending tax on 141 million yuan, this time to 1.22 billion yuan for the price of Ping An securities shares, less spending tax to 215 million yuan.