Zhongmiao Holdings (01471) and Zhongan Online (06060) signed a strategic cooperation agreement to establish a long-term, stable and comprehensive strategic partnership

Zhitong Finance App News, Zhongmiao Holdings (01471) announced that the company has signed a strategic cooperation agreement (this agreement) with Zhongan Online Property Insurance Co., Ltd. (Zhongan Online, stock code: 06060) to establish a long-term strategic partnership. According to the principles of cooperation contained in the agreement, the two sides intend to establish a long-term, stable and comprehensive strategic cooperative relationship based on the principles of “equality and mutual benefit, complementary advantages, win-win cooperation and common development”, give full play to their respective core advantages, jointly expand the insurance market, innovate service models, improve business quality and efficiency, and achieve mutual benefit and win-win situation.

This cooperation will rely on the Group's diversified scenario resources and digital full-process operation advantages, and combine Zhongan Online's product innovation and insurance technology capabilities to achieve two-way empowerment and complementary advantages. Specifically, the Group has fully opened insurance scenarios covering emerging fields such as the digital industry, robotics, new energy, and health to Zhongan Online, providing a diverse scenario carrier for cooperation. At the same time, the Group uses core technical capability matrices such as intelligent risk control, intelligent insurance, AI risk reduction, and AI smart claims to build an integrated smart insurance platform covering the entire process of insurance services to achieve a complete closed loop of digital operation from pre-risk assessment, accurate insurance matching, dynamic risk reduction, and digital management of full-cycle insurance policies to intelligent claims processing, providing solid technical support for cooperation and innovation between the two parties. The two sides simultaneously established a joint customization mechanism for exclusive Internet products. In response to the core characteristics such as risk characteristics and industry attributes of the Group's specific customers, Zhongan Online uses the “insurance+technology” dual engine advantage and the ability to digitize the entire value chain to accurately adapt the customer base and service standards to the Group's exclusive and highly adaptable Internet insurance products to help the two sides further cultivate the insurance technology circuit and work together to build differentiated core competitiveness.

The board of directors believes that the establishment of a strategic cooperation agreement will help the Group upgrade the closed loop of “scenario requirements identification - joint development of insurance products - digital distribution and service - AI risk reduction - AI intelligent claims processing”. The Group can use this to further enrich the supply of insurance products and services, enhance scenario-based product customization, digital operation and full-process customer service capabilities, and enhance the Group's service penetration rate and customer value in diverse insurance scenarios. Furthermore, since both parties are listed companies on the main board of the Hong Kong Stock Exchange Limited, the two parties can further explore strategic investment and industry-level cooperation opportunities on the premise of complying with laws, regulations and corporate governance requirements, which is conducive to establishing long-term and stable strategic partnerships and conforms to the overall interests of the Group and its shareholders.