[China Re plans to raise 3 billion yuan to increase core tier one capital] On September 6, China Re’s board of directors reviewed and approved and disclosed the plan to issue domestic shares to specific targets. This issuance is planned to be subscribed by the Ministry of Finance in cash, and the total planned funds raised are 3 billion yuan. After deducting relevant issuance expenses, all of them will be used to increase China Re's core tier one capital. The scale of the funds raised and the final issuance plan are subject to the final approval of the relevant regulatory authorities. The issuance price is 1.33 yuan per share, which is a premium compared to the recent H-share secondary market price of China Re. It plans to issue approximately 2.256 billion shares, and the issuers promise to hold the subscription shares for a long time.