Is Union Life Taiwan-funded or Japanese-funded?

Union Life Insurance Co., Ltd. (hereinafter referred to as Union Life Insurance) is a comprehensive life insurance company approved by China Insurance Regulatory Commission. The nature of the enterprise is a national and joint-stock life insurance company.

Union Life's shareholders are composed of well-known enterprises at home and abroad, such as Zhongfa Industrial Group, Italian Olesen Life Insurance Co., Ltd. and Japanese Sun Life Insurance Co., Ltd.

Italy Olesen Life Insurance Co., Ltd. is a life insurance company under the United Bank of Sao Paulo, Italy. Italy United Bank of Sao Paulo Co., Ltd. is the largest banking group in Italy, which is formed by the merger of Italy United Bank and Italy Sao Paulo Bank, with total assets of 61200 million euros. United Sao Paulo Bank Co., Ltd. is in a leading position in Italy in many business fields.

Japan Sun Life Insurance Co., Ltd., founded in 1893, is the fourth largest life insurance company in Japan, which is affiliated to T&; D insurance group. By the end of March 2007, the group's total assets ranked fifth in Japan's domestic life insurance industry.