FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260825E00335 
1. Date of relevant event: 20/08/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):
(dd/mm/yyyy)
3. Stock code: 02318
4. Name of listed corporation: Ping An Insurance (Group) Co. of China, Ltd. - H Shares 
5. Class of shares: H Shares 
6. Number of issued shares in class: 7,447,576,912
7. Name of substantial shareholder: Citigroup Inc. 
8. Registered office: 388 Greenwich Street, New York, 10013, USA
9. Principal place of business in Hong Kong: 50/F, Champion Tower, 3 Garden Road, Central, Hong Kong 
15. Exchange on which listed: NYSE
16. Name of listed parent and exchange on which parent is listed:  
17. Details of relevant event:
  Brief description of relevant event Capacity in which shares were/are held Number of shares bought/sold or involved Currency of transaction On Exchange Off Exchange
Before relevant event After relevant event Highest price (per share) Average price (per share) Average consideration (per share) Nature of consideration
Long position
1213The percentage level of your interest in the shares has reduced because:
any other event (you must briefly describe the relevant event in the Supplementary Information box)
2502Approved lending agent
8,313,489 HKD 0.0000 0.0000 0.0000
Short position 
 
 
 		            
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position452,403,7266.07
Short position52,421,3980.70
Lending Pool411,728,6215.52
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position444,090,2375.96
Short position52,294,3580.70
Lending Pool406,543,5435.45
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2106Person having a security interest in shares
Long position3,550
Short position0
2201Interest of corporation controlled by you
Long position37,543,144
Short position52,294,358
2502Approved lending agent
Long position406,543,543
Short position0

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4101Listed derivatives - Physically settled
Long position12,308,353
Short position6,860,000
4103Listed derivatives - Convertible instruments
Long position1,862,749
Short position0
4105Unlisted derivatives - Physically settled
Long position2,978,480
Short position32,666,226
4106Unlisted derivatives - Cash settled
Long position5,169,355
Short position9,726,019
22. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling person% controlDirect interest (Y/N)Number of shares
Citicorp LLC388 Greenwich Street, New York, NY 10013, USACitigroup Inc.100.00N
Long position409,296,668
Short position5,885,480
Citibank, N.A.5800 South Corporate Place, Sioux Falls, SD 57108, Lincoln, USACiticorp LLC100.00Y
Long position409,244,114
Short position5,132,094
Citigroup Global Markets Holdings Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Inc.100.00N
Long position34,793,569
Short position44,191,911
Citigroup Financial Products Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Global Markets Holdings Inc.100.00N
Long position34,793,569
Short position44,191,911
Citigroup Global Markets Hong Kong Limited50/F, Champion Tower, Three Garden Road, Central, Hong KongCitigroup Financial Products Inc.100.00Y
Long position14,787,867
Short position36,307,336
Citigroup Global Markets Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Financial Products Inc.100.00Y
Long position3,548,833
Short position0
Citigroup Global Markets Holdings Bahamas LimitedCaves Corporate Centre Building No. 2, West Bay Street P.O. Box N-1576, Nassau, New Providence, BahamasCitigroup Financial Products Inc.90.00N
Long position16,456,869
Short position7,884,575
Citigroup Global Markets LimitedCitigroup Centre, Canada Square, Canary Wharf, London E14 5LB, EnglandCitigroup Global Markets Holdings Bahamas Limited100.00N
Long position1,200,000
Short position0
Citigroup Global Markets Europe AGBörsenplatz 9, Frankfurt am Main, 60313, GermanyCitigroup Global Markets Limited100.00Y
Long position1,200,000
Short position0
Citigroup Global Markets LimitedCitigroup Centre, Canada Square, Canary Wharf, London E14 5LB, EnglandCitigroup Global Markets Holdings Bahamas Limited100.00Y
Long position15,256,869
Short position7,884,575
Citibank, N.A.5800 S Corporate Place, Sioux Falls, SD 57108, Lincoln, USACiticorp LLC100.00N
Long position52,554
Short position753,386
Citibank Overseas Investment CorporationNew Castle Corporate Commons, Operations One Bldg., One Penn's Way, New Castle, DE 19720, USACitibank, N.A.100.00N
Long position27,706
Short position753,386
Citi Investments Bahamas Ltd.Caves Corporate Centre Building No. 2, West Bay Street, Nassau, BAHAMASCitibank Overseas Investment Corporation100.00N
Long position27,706
Short position753,386
Citigroup Holding (Singapore) Private Limited8 Marina View, #21-00 Asia Square Tower 1, 018960, SingaporeCiti Investments Bahamas Ltd.100.00N
Long position27,706
Short position753,386
Citibank BerhadMenara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, MALAYSIACitigroup Holding (Singapore) Private Limited100.00Y
Long position27,706
Short position753,386
Citicorp Trust Delaware, National AssociationOne Penns Way, New Castle, Delaware 19720, USACitibank, N.A.100.00Y
Long position24,848
Short position0
Citigroup Global Markets Holdings Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Inc.100.00Y
Long position0
Short position2,216,967

23. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
 
24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:
Names of trustAddressStatus codeNumber of shares
  
25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):
Names of other partiesAddressNumber of shares
 
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:
NamesAddressRelationship CodePercentage (%)
  
 
27. Supplementary information: Citigroup Inc.'s interest in the shares held in the lending pool has reduced.
28. Log/Serial Number of the previous form:
29. Number of concert party document(s) under section 317 attached/uploaded:
Date of filing this Form 2: 25/08/2026
(dd/mm/yyyy)