Sunshine Life, a subsidiary of Sunshine Insurance (06963), plans to invest 20 billion yuan in pilot fund shares

Zhitong Finance App News, Sunshine Insurance (06963) announced that after review and approval by the board of directors on May 16, 2025, the company's subsidiary Sunshine Asset Management plans to initiate the establishment of a wholly-owned subsidiary as the fund manager and the fund manager to initiate the establishment of the Sunshine Heyuan Private Equity Investment Fund (tentative name, ultimately subject to the registered name of the China Securities Investment Fund Industry Association) (pilot fund). Sunshine Life, a subsidiary of the company, plans to invest RMB 20 billion in the pilot fund share, accounting for 100% of its total sale share. The capital is to be paid in installments in accordance with the relevant legal documents of the fund. As of the date of this announcement, the fund manager and the pilot fund have not yet been established, and Sunshine Life has not entered into a relevant agreement to invest in the pilot fund.

The pilot fund focuses on long-term equity investment, which helps expand the breadth and depth of the company's capital participation in the capital market, achieves healthy interaction and common development with the capital market, gives full play to the advantages of insurance funds as long-term capital and patient capital, and is conducive to the stable and long-term healthy development of the capital market. At the same time, it helps reduce the impact of fluctuations in the market value of equity assets on the company's net profit and enhances the company's ability to invest in the capital market.