The open trial of Wu Xiaohui for his personal crimes commenced on March 28, 2018. Wu Xiaohui has been removed from his duties as the chairman and general manager of Anbang Insurance Group (“Anbang”). Anbang’s business and operations, which are currently under the supervision of the Interim Management Working Group, continue to remain stable. Anbang has sufficient cash flow to fulfill its commitments to all customers and ensure that the legitimate rights of policyholders are effectively protected.
Interim Management Working Group
March 28, 2018