The People's Insurance Company (Group) of China Limited estimated that the net profit of the Company and its subsidiaries (the “Group”) attributable to equity holders of the parent company for the first half of 2019 will range from RMB 13,674 million to RMB 15,627 million, increased by RMB 3,907 million to RMB 5,860 million (or increased by 40% to 60%) as compared to the same period of 2018. After deduction of non-recurring profit and loss, it is estimated that the net profit attributable to equity holders of the parent company will range from RMB 10,678 million to RMB 12,619 million, increased by RMB 971 million to RMB 2,912 million (or increased by 10% to 30%) as compared to the same period of 2018. The insurance business improved steadily in the first half of 2019 and the investment income increased as compared to the same period of 2018.