Summary by Moomoo AI
Za online and Ping An Property Insurance signed a car joint insurance cooperation agreement on November 8, 2024, which will take effect on January 1, 2025, for a period of one year. This transaction is considered a continuing related party transaction under Chapter 14A of the listing rules because Ping An Property Insurance is a major shareholder of Za online and a subsidiary of Ping An Insurance. Za online will convene an extraordinary general meeting of shareholders and establish an independent director committee. Lighthouse Corporate Finance Limited will serve as the independent financial advisor to provide advice to independent shareholders. The agreement is expected to bring an annual maximum premium of 2,550,000,000 yuan and will drive business growth based on the sales growth of new energy vehicles in the Chinese market and government policy support. Za online believes that cooperation with Ping An Property Insurance will achieve mutual benefit and win-win results, leveraging both parties' brands and expertise for business expansion.
