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Ping An Bolsters Tech Leadership with Appointment of AI Expert Ray Wang as CTO

Ping An Insurance (Group) Company of China, Ltd. – a global financial powerhouse – has made a significant move to accelerate its digital transformation journey. The company has appointed Ray Wang as its Chief Technology Officer (CTO) and General Manager of Ping An Technology. This strategic appointment underscores Ping An’s commitment to leveraging cutting-edge technology, particularly artificial intelligence (AI), to reshape its business and enhance customer experiences.

Why Ray Wang? Wang brings a wealth of experience and deep expertise in the field of artificial intelligence. He’s recognized as a thought leader and a respected voice in the tech industry, known for his insights into emerging technologies and their impact on businesses. His previous roles have involved driving innovation and implementing transformative digital strategies, making him an ideal fit for Ping An’s ambitious goals.

Driving Ping An's Digital Transformation Ping An has been actively investing in digital technologies for years, but this appointment signifies a heightened focus and acceleration of those efforts. Wang's role will be pivotal in:

• AI Integration: Expanding the use of AI across various business lines, from insurance underwriting and claims processing to customer service and risk management.
• Technological Innovation: Identifying and implementing new technologies, including cloud computing, big data analytics, and blockchain, to create new products and services.
• Digital Ecosystem Development: Strengthening Ping An's digital ecosystem and creating seamless, integrated experiences for customers.
• Cybersecurity Enhancement: Bolstering the company's cybersecurity posture to protect sensitive data and ensure the safety of its digital platforms.

A Strategic Move for the Future The appointment of Ray Wang is more than just a leadership change; it’s a statement of intent. Ping An is positioning itself as a leader in the digital insurance space, and Wang’s expertise will be crucial in achieving that vision. Analysts believe this move will attract top tech talent to Ping An and further solidify its position as a major player in the global financial services industry.

“We are delighted to welcome Ray Wang to Ping An,” said a company spokesperson. “His deep understanding of AI and digital transformation will be invaluable as we continue to innovate and provide exceptional value to our customers.”

About Ping An Ping An Insurance (Group) Company of China, Ltd. is a leading financial services group in China. It provides a comprehensive range of financial products and services to over 500 million customers. Ping An is committed to innovation and leveraging technology to improve the lives of its customers and contribute to the growth of the Chinese economy.

(HKEX: 2318; SSE: 601318)