Sino-Korea Life Insurance Co., Ltd. announced that it will receive CNY 303,322,040 on March 24, 2022. The transaction will include participation from existing investor, Zhejiang Orient Financial Holdings Group Co., Ltd. for 33.33% stake, Hanwha Life Insurance for 24.99% stake, Zhejiang Changxing Financial Holdings Group Co., Ltd. for 20.23% stake, Wenzhou State-owned Financial Capital Management Co., Ltd for 5.52% stake, Wenzhou Electric Power Investment Co., Ltd., Wenzhou Communications Develop Group Co.,Ltd. for 5.49% stake, Guotai Junan and Zhengyu Investment Co., Ltd for 4.95% stake. The transaction has been approved in the 18th session of the company's 9th directorate approved this capital increase.