Major Shareholders

Shareholdings of top ten shareholders

The shareholding structure of the Company is relatively scattered. There is no controlling shareholder, nor de facto controlling party.

Information on shareholders holding a 5% or larger equity interest in the Company

As of December 31, 2024, CP Group Ltd. indirectly held 964,427,077 H shares of the Company in total, representing 5.3% of the total share capital of the Company, through Business Fortune Holdings Limited and other subsidiaries; Shenzhen Investment Holdings Co., Ltd. held 962,719,102 A shares of the Company, representing 5.29% of the total share capital of the Company.

Shareholder
Name

Shareholder
Percentage

Shares Held

Type of Shares

Change during the Reporting period

Hong Kong Securities Clearing Company Nominees Limited ⁽²⁾

Shareholder Percentage

36.36%

Shares Held

6,583,381,707

Type of Shares

H Share

Shares Change

-110,833,556

Shenzhen Investment Holdings Co., Ltd.

Shareholder Percentage

5.32%

Shares Held

962,719,102

Type of Shares

A Share

Shares Change

Long-term Service Plan of Ping An Insurance (Group) Company of China. Ltd.⁽³⁾

Shareholder Percentage

3.16%

Shares Held

572,008,874

Type of Shares

A Share + H Share

Shares Change

+80,670,125

Hong Kong Securities Clearing Company Limited⁽⁴⁾

Shareholder Percentage

2.84%

Shares Held

513,498,534

Type of Shares

A Share

Shares Change

-185,484,985

Central Huijin Asset Management Ltd.

Shareholder Percentage

2.60%

Shares Held

470,302,252

Type of Shares

A Share

Shares Change

Business Fortune Holdings Limited⁽⁵⁾

Shareholder Percentage

2.54%

Shares Held

459,466,189

Type of Shares

H Share

Shares Change

ICBC Credit Suisse Asset Management – Agricultural Bank of China – ICBC Credit Suisse Asset Management Plan of China Securities Finance Corp

Shareholder Percentage

2.24%

Shares Held

406,116,884

Type of Shares

A Share

Shares Change

+261,339,628

Harvest Fund – Agricultural Bank of China – Harvest Asset Management Plan of China Securities Finance Corpt Fund

Shareholder Percentage

2.17%

Shares Held

392,851,462

Type of Shares

A share

Shares Change

+261,339,628

Shum Yip Group Limited

Shareholder Percentage

1.42%

Shares Held

257,728,008

Type of Shares

A Share

Shares Change

China Life Insurance Company Limited – Traditional – Ordinary Insurance Product – 005L – CT001 Hu

Shareholder Percentage

1.14%

Shares Held

205,783,414

Type of Shares

A Share

Shares Change

+187,341,885

Notes:
(1) Nature of the holders of A shares represents the nature of accounts held by the holders of A shares registered on the Shanghai Branch of China Securities Depository and Clearing Corporation Limited.
(2) Hong Kong Securities Clearing Company Nominees Limited (“HKSCC Nominees Limited”) is the nominee holder of the shares held by non-registered H shareholders of the Company.
(3) The shares held by Hong Kong Securities Clearing Company Limited refer to the shares held by non-registered shareholders of the Northbound Trading of the Shanghai-Hong Kong Stock Connect Program.
(4) Participants in the Long-term Service Plan of the Company are the employees of the Company and its subsidiaries. Over 150,000 employees have participated in the Long-term Service Plan cumulatively throughout the years. The source of funding is the remunerations payable to employees. The Long-term Service Plan of the Company owned 219,920,749 A shares and 271,418,000 H shares of the Company, and such H shares have been registered under the name of HKSCC Nominees Limited.
In order to avoid double counting, the H shares of the Company owned by the Long-term Service Plan of the Company have been deducted from the shares held by HKSCC Nominees Limited.
(5) Business Fortune Holdings Limited is an indirect wholly-owned subsidiary of Charoen Pokphand Group Co., Ltd. (“CP Group Ltd.”), and the shares owned by Business Fortune Holdings Limited have been registered under the name of HKSCC Nominees Limited. In order to avoid double counting, the shares owned by Business Fortune Holdings Limited have been deducted from the shares held by HKSCC Nominees Limited.
(6) The above A shareholders did not participate in securities margin trading or securities lending as of the end of the Reporting Period.