On January 12, 2023, ZhongAn Online P & C Insurance Co., Ltd. entered into the Personal Credit Guarantee Insurance Cooperation Agreement with Ping An Bank Credit Card Centre (PABC), pursuant to which the Company agreed to provide insurance services for PABC's personal credit card cash instalment products. Term: Two years commencing from January 12, 2023, subject to renewal upon the mutual consent of the parties. Pricing Policies: For each of PABC's personal credit card customers ("customer") who applies for credit card cash instalment services, the Company will underwrite personal credit guarantee insurance for the relevant cash instalment services through the customer's insurance, the insurance premium of which shall be
payable by the customer and collected on behalf of the Company by PABC. The insurance premiums to be charged under the Personal Credit Guarantee Insurance Cooperation Agreement will be determined based on the Company's risk analysis and assessment of each customer in accordance with its internal rules and procedures. The Company will also ensure that the insurance premiums charged shall be in line with insurance premiums charged by independent third parties to PABC's customers for similar services and products.