Yesterday (June 2), Tahoe Investment Group Co., Ltd (“Tahoe Investment”) signed an agreement with Dah Sing Financial Holding Limited (“Dah Sing Financial Holding”) for acquiring Dah Sing Financial's Life Insurance (Dah Sing Life) with HK$ 10.6 billion in cash, and executed a 15-year exclusive bank Security agreement with its Dah Sing Bank and Macau Commercial Bank. This transaction shall acquire approvals from the regulatory and shareholders and satisfy the usual term of delivery.

It’s known as that Dah Sing Assurance includes Dah Sing Life Assurance Company (“Dah Sing Life”), Dah Sing Insurance Company (“Dah Sing Insurance”) and Macao Life Insurance Company (“Macao Life Insurance”). Dah Sing Life Assurance Company, one famous insurance company, provides a wide range of life and general insurance services, including permanent insurance, investment-linked plan, casualty and health insurance, annuity and endowment insurance, which are distributed on the net through banks and exclusive agents. In 2015, Dah Sing Life Assurance achieves legal net profit of HK$ 134 million, the total premium of HK$ 1.8 billion. Up to December 31, 2015, its total shareholders’ equity is HK$ 1.4billion. Macao Life Insurance sells its individual insurances on the net through branches of Macao Commercial Bank. In 2015, Macao Life Insurance achieves legal net profit of MOP 25 million, the total premium of MOP 64 million.

As a comprehensive investment group, Tahoe Investment Group focuses on the financial services, healthcare and real estates, down-to-earth, making steady progress in each business sectors. In financial services, Tahoe Investment unites Tahoe Group to set up Tahoe Financial Holding (Pingtan) Group Co., Ltd., one of main sponsors of Haixia Life Insurance Co., Ltd., and a major shareholder of the Fujian Haixia Bank as well as Dongxing Securities Co., Ltd. In healthcare, Tahoe Investment Group completes the acquisition of Nasdaq-listed Alliance HealthCare Services, Inc. (NASDAQ: AIQ) in early 2016 and signed a strategic cooperation agreement with the PHI (PHI, Partners HealthCare International) in May, 2016. In real estates, Tahoe Investment Group owns A-share listed company Tahoe Group (code 000732). Tahoe Group, with forward-looking strategic layout, product advantages of high-quality differentiation and efficient operational capacity, has become the top 22 in China.

This acquisition marks an important milestone for Tahoe Investment Group. Through this acquisition, Tahoe Investment Group further improves the development foundation in the financial services sector and also makes important progress in global layouts and consolidates the development strategy of integrated investment group. On the basis of Dah Sing Life Insurance, Tahoe Investment Group will create greater value for customers, shareholders as well as the society.