Pacific Aetna Life Insurance Co., Ltd. Hui Fu Life & Splendid Life Investment

Link Insurance Investment Account 2008 Annual Report I, Company introduction Pacific Aetna Life Insurance Co., Ltd. was formally established in Shanghai on October 16, 1998, and was jointly established by China Pacific Insurance (Group) Co., Ltd. and Dutch Insurance International Limited (ing), with a registered capital of RMB 800 million. Based on the successful introduction of international life management experience, Pacific Aetna life has achieved both positive and sound development goals.　　At present, the company has 24 branch offices and marketing services in Shanghai, Guangdong, Jiangsu and Shenzhen, and about 3000 of the scheduled insurance agents provide sincere life insurance guarantee and service for more than 300,000 customers. According to market changes and growing customer demand, the company actively innovate, and continuously enrich the product line and product mix.　　Development of a risk, group risk, silver three system more than 60 products, for individuals and corporate groups to provide tailor-made, comprehensive life insurance services. Companies always implement the "investment in people, establish mutual trust, adhere to the stability of the ship to pursue excellence" business philosophy, shouldering the "excellent performance, to provide high-quality life insurance services, to become the best choice for customers" this mission, and "integrity, professionalism, innovation, cooperation, customer-oriented" as the core values.　　In the course of many years of operation, the company's quality customer service has become the main operating characteristics, and in the industry and the community won praise many times.　　Introduction to the Investment Account (i) Active and active Investments Account 1, account set up time: February 13, 2008 2, investment objectives: Selected to benefit from the stock market of the various active securities investment funds, the pursuit of investment returns beyond the benchmark and long-term stable asset appreciation. 3, investment philosophy: The investment concept of this account is based on research, take active investment strategy, through active active management efforts for investors to get beyond the benchmark return on investment. In the asset allocation level, according to the macro-economy and the periodic changes in the securities market to make the initiative adjustment, in order to fund assets in the investment of various assets to achieve the best balance of risk and benefit　　Governance, etc.) select Excellent securities funds.　　4, Portfolio: Active investment stock Fund 80%-100%; Except for the active investment stock Fund, the investment variety accounts for 0%-20%, including the bond fund, the Money Fund, the bank deposit, the cash and so on 5, the main risk: market risk, inflation risk, interest rate risk and credit risk　　(b) Exponential growth Investment Account 1, account set up time: February 13, 2008 2, investment objectives: Selected to benefit from the stock market of various active securities investment funds, the pursuit of investment returns beyond the baseline and long-term stable asset appreciation. 3, investment philosophy: The investment concept of this account is based on research, the adoption of an index investment strategy, through investment index funds to obtain the investor and the comparative benchmark of investment returns.In the tracking index selection, we choose the index that can embody the market characteristics to track; In the single fund selection, through quantitative analysis (tracking error, past performance, etc.) and qualitative analysis (corporate background, governance, etc.) to select Excellent index fund.　　4, Investment Portfolio: index-type stock funds 80% to 100%; Except for the index-type stock fund, the investment variety accounts for 0%-20%, including bond fund, Money fund, bank deposit, cash, etc.　　5. Main risks: Market risk, inflation risk, interest rate risk and credit risk.　　(iii) Balanced income 1, account set up time: February 13, 2008 2, investment objectives: Balanced allocation of equity funds and bond funds, the pursuit of investment returns beyond the baseline and long-term stable asset appreciation. 3, investment philosophy: The investment concept of this account is based on research, take active investment strategy, through active active management efforts for investors to get beyond the benchmark return on investment. In the asset allocation level, according to the macro-economy and the periodic changes of the securities market to make the active adjustment, so that the account assets in the investment of various types of assets to achieve the best balance of risk and benefit　　Governance, etc.) to select Excellent securities investment funds.　　4, Portfolio: 40%-60% of the stock fund, except the stock fund, the investment varieties account for 40%-60%, including bond funds, money funds, bank deposits, cash and so on. 5, the main risks: market risk, inflation risk, interest rate risk and credit risk (IV) Cash-enhanced Investment Account 1, account set up time: February 13, 2008 2, investment objectives: the main investment in bond funds, monetary funds and other monetary tools, under the premise of ensuring asset security,　　Build a sound money market portfolio, and strive to provide investors with a sound, long-term return on investment. 3, Investment philosophy: This account pays close attention to the macroeconomic operating conditions, as well as monetary policy, fiscal policy, exchange rate policy and other factors, grasp the trend of interest rates; by predicting the change of the shape of the yield curve, the proportion of long and short term varieties of bond fund portfolio is adjusted accordingly　　, profitability, Sharpe ratio, etc.) and qualitative analysis (corporate background, governance, etc.) select Excellent securities funds 4, portfolio: Equity funds 0%, bond funds 80%-100%, except the bond-type fund of investment in the account assets 0%-20%, including money funds, bank deposits, cash and so on. 5. Main risks: Market risk, inflation risk, interest rate risk and credit risk three, Pacific Aetna Rich Life & Splendid Life Investment Link Insurance 2008 Annual financial report Taiping Antai Life Insurance Co., Ltd. Hui Fu Life & Splendid Life Investment Link Insurance Investment Account balance Sheet 200December 31, 8 value unit: RMB yuan Project active Account index growth account balance income account cash gain account total assets Bank deposit 468,875.69 1,434,204.33 71 2,251.03 918,180.10 3,533,511.15 in transit funds 90,226.82 226,603.77 108,459.01 195,825.27 Fund investment cost 621,114.87 5,047.74 34,600,000.00 13,638,596.02 13,460,918.48 94,334,562.24 investment Increment (loss) -9,187,898.99-13,141,413.89-1,808, 138.19 353,464.19-23,783,986.88 receivable Interest 137.72 134.84 111.33 116.97 500.86 receivable Dividend 201.70 0.00 0.00 12,194 .17 12,395.87 The amount of the Fund's subscription---other receivables--assets total 24,006,590.68 23,119,529.05 12,651,279.　　20 14,940,699.18 74,718,098.11 liabilities and policyholders ' equity liabilities payable to customer redemption----payable escrow fee 614.03 621.3 311.37 337.23 1883.93 other payables -0.00-0.00-0.00 17,849.94 17,849.94 Liabilities Total 614.03 621.3 311.37 18 187.17 19733.87 Policyholders transfer funds 33,241,543 44 36,256,204.10 14,352,454.51 14,492,152.71 98,342,354　.76 Investment Account Cumulative investment income (loss)　-47,667.80 4,117.54 106,651.51 76,895.11 139,996.36 Investment Account did not achieve profit (loss) -9,187,898.99-13,141,413.89-1,808,138.19 353,464.19-23,783,986.88 Policy holders ' equity total 24,005,976.65 23,118,907.75 12,650,967.83 14,922,512.01 74,698,364.24 Negative Total debts and policyholders ' equity 24,006,590.68 23,119,529.05 12,651,279.20 14,940,699.18 74,718,098.11 Note: The transfer of funds to investors reflected from the Pacific Aetna Rich Life & Splendid Life Investment　　Link Insurance Investment Account establish accounts day insured to pay the Pacific Aetna Rich Life & Splendid Life Investment link insurance premiums into the investment account net accumulated funds, including the company Seed Fund.　　　　　　　　　　　　　　　　Taiping Antai Life Insurance Co., Ltd. Hui Fu Life & Splendid Life Investment link Insurance Investment Income Statement December 31, 2008 Value Unit: RMB Project Active Account index growth account balance income account Cash gain account total income Interest income 10,484.78 8,871.96 5,345.95 3,767.14 28,469.83 Dividend Income 201.70 0.00 165,163.62 93,112.65 258,　　477.97 Fund Investment Income (loss) -9,187,898.99-13,141,413.89-1,808,138.19 353,464.19-23,783,986.88 income Subtotal -9,177,212.51 -13,132,541.93-1,637,628.62 450,343.98-23,497,039.08 cost Investment Account management fee 230,013.10 216,515.05 108,298 .90 55,186.89 610,013.94 Other costs 58,354.28 4,754.42 63,858.06 19,984.68 146,951.44 Cost Subtotal 288,367.38 221,269.47 172,156.96 75,171.57 756,965.38 Net income (loss) -9,465,579.89-13,353,　　811.40-1,809,785.58 375,172.41-24,254,004.46 Note: Other costs are mainly for asset custody fees, and transaction-related taxes. Iv. Investment Account management fee investment Account Asset Management fee is the investment management fee that the company collects from the insured under a certain proportion of the value of the investment account according to the Palic Investment link insurance clause of the Pacific Ocean. The cost is mainly used to cover the operating costs of the investment management of the investment-linked insurance investment account of the company.　　The company collects investment management fees on each valuation day, of which active investment accounts, index growth investment accounts and balanced income investment account annual rates are each 1.5%, and the cash-increase investment account annual rate is 1%. Charge of account Investment account management fee in the reporting period: RMB Yuan Investment Account Active Account index growth account balance income account Cash gain account Investment Account asset Management fee 230,013.10 216,515.05 108,298.9　　0 55,186.895. Investment portfolio during the reporting period and investment gains during the reporting period (i) Report date of day Investment Portfolio Pacific Aetna Investment Link Insurance Portfolio December 31, 2008 active Account Value Unit: RMB cost market value floating surplus Proportion of investment fund market value investment ratio (%) stock Fund 27,135,047.74 19,100,431.50-8,034,616.24 81.46% Index Fund 3,500,000.00 2,346,717.25-1 , 153,282.75 10.01% Monetary Fund 2,000,000.00 2,000,000.00 0.00 8.53% equals 32,635,047.74 23,447,148.75-9,187,898. 99 100% Index Growth account Value unit: RMB cost market value of floating surplus investment fund market value investment ratio (%) index fund 34,600,000.00 21,458,586.11-13,141,413. 89 100.0% Total 34,600,000.00 21,458,586.11-13,141,413.89 100% Balance of Income account Value Unit: RMB cost market value float surplus to investment fund market value ratio (%)　　　　　　Hybrid Fund 10,038,596.02 8,207,271.83-1,831,324.19 69.37% bond Fund 3,600,000.00 3,623,186.00 23,186.00 30.63%　　　　　　Total 13,638,596.02 11,830,457.83-1,808,138.19 100% Cash Gain account value unit: RMB cost market value float surplus to investment fund market value ratio (%) Bond fund 11,662,976.93 12,016,441.12 353,464.19 86.99% Money Fund 1,797,941.55 1,797,941.55 0.00 13.01% Total 13,　　460,918.48 13,814,382.67 353,464.19 100% (ii) Investment income account name during the reporting period the investment return rate has been active since the account was established February 13, 2008 December 31, 2008　　1.0000 0.5589-44.11% Index growth 1.0000 0.4228-57.72% balance gain 1.0000 0.7578-24.22% cash gain 1.0000 1.0064 0.64% Note: investment return rate = (final investment unit selling price-initial investment unit selling price)/opening unit selling price six, the other Investment Account investment strategy has not changed until now.