Developing a Strategic Integrated Financial Industry Chain Hong Kong as a Stepping Stone to the Wider WorldMs. Paula Wai-Yee Choi is appointed Chief Executive Officer of DahSing Life HONG KONG, CHINA – Media OutReach – 19th June, 2017 – Tahoe Investment Group Co., Ltd.(Tahoe Investment) announced today it has completed the acquisition of Dah SingLife Assurance Company Limited and Dah Sing Insurance Services Limited(collectively Dah Sing Life). Under the agreement, the acquisition of Dah SingLife and Macau Life Insurance Company Limited (Macau Life), as well as thebancassurance agreements for exclusive 15-year bancassurance partnerships withDah Sing Bank and Banco Comercial de Macau, S.A. (BCM), are for HK$ 10.6billion. Completion of the acquisition of Macau Life and distributionarrangement with Banco Comercial de Macau, S.A. (BCM) are expected to takeplace after regulatory approval in Macau authority in the near term. Thesigning ceremony was held today in the presence of Mr. Huang Qisen, the Chairmanof Tahoe Investment Group Co., Limited and Mr. Harold Wong, Vice Chairman ofDah Sing Bank, Limited.Mr. Huang Qisen (left), the Chairman of Tahoe Investment Group Co., Limited shake hands with Mr. Harold Wong (right), Vice Chairman of Dah Sing Bank, Limited after the contract signing ceremony TahoeInvestment expands to include high-end life insurance following acquisition ofDah Sing LifeCommenting on the completion of theacquisition, Mr. Huang Qisen, the Chairmanof Tahoe Investment Group Co., Limited, said, “Tahoe Investment promotespeople-oriented programmes and scrupulously abides by our core values to makecharity and corporate social responsibility an integral part of our businessoperations. With the mission to serve and care for customers for life byembracing the spirit of craftsmanship, Tahoe Investment is devoted todeveloping and investing in financial services, real estate, medical services,healthcare, culture and education. As a comprehensive investment group, wefocus on financial services, healthcare and real estate, making steady progressin each sector to build on ‘A Century of Heritage’. Through this acquisition,Tahoe Investment further improves its foundation in the financial servicessector and also makes important progress in global layouts and consolidates itsdevelopment strategy to become an enhanced integrated investment group. Buildingon the principles of Dah Sing Life, Tahoe Investment will offer exceptionalvalue for its customers, shareholders and society as a whole.”Dah Sing Life, as a wholly-owned subsidiaryof Tahoe Investment, is fiscally important for the business. As a comprehensiveinsurance company, Dah Sing Life will maintain its services after theacquisition to provide diverse and premium products, including life insurance services,savings protection plans, health and medical protection plans andinvestment-linked assurance schemes. This acquisition marks an importantmilestone for Tahoe Investment Group. Through this acquisition, Tahoe expandsits business internationally from Hong Kong and Macau by carrying its corporatemission — “to serve and care for customers for life” — with the objective ofbecoming a leading company in the insurance industry.  TahoeAppoints Ms. Paula Wai-Yee Choi as CEO to lead Dah Sing Life’s StrategicDevelopmentIn order to optimise Dah Sing Life’s management structure, TahoeInvestment announced today the appointment of Ms. Paula Wai-Yee Choi, who haspreviously held key positions in major multinational insurance companies. AsCEO of Dah Sing Life, Ms. Paula Wai-Yee Choi will be in charge of Dah SingLife’s insurance operations in Hong Kong, facilitating Tahoe Investment and leadingDah Sing Life’s management team to build an international brand by developinghigh quality products and services. Commenting on the appointment of Ms. PaulaWai-Yee Choi, Mr. Huang Qisen said, “Ms. Paula Wai-Yee Choi possesses over 30years’ experience in the insurance industry and developed a profoundunderstanding of insurance markets in Hong Kong and the Asia-Pacific region. Paula’sappointment would definitely benefit both Tahoe Investment and Dah Sing Life aswell as their clients. Tahoe Investment is committed to delivering high qualityproducts and services to our customers across different fields. We look forwardto working together withMs. Paula Wai-Yee Choi and her team to become an industry leader. Meanwhile, wehope to promote our core ethos of putting people-first, innovation and honesty andintegrity to Hong Kong.” About Tahoe Investment Group Co., Ltd.Tahoe Investment Group Co., Ltd. (TahoeInvestment), was founded in 1993 by Mr. Huang Qisen. It is a leadingconglomerate with investments in financial services, real estate, medicalservices, healthcare, culture and education. To date it has equity holdings intwo listed companies and equity participation in one listed company with totalassets over RMB 130 billion. The total assets held and/or managed by Tahoereached RMB 233 billion.  Tahoe Investment covers a wide range offinancial businesses including banking, insurance, securities and third-partypayments. It is one of the founding shareholders of Haixia Life InsuranceCompany Limited and a major shareholder of Fujian Haixia Bank Company Limited,Rural Credit Bank of Fuzhou and Dongxing Securities Company Limited. In thehealthcare segment, Tahoe Investment completed its acquisition of FujianHuitian Bio-Pharmacy Co., Ltd. and Alliance HealthCare Services Inc. (NASDAQ:AIQ), a US-based provider of outsourced radiology, oncology and other healthcareservices. Tahoe Investment has equity holdings in a listed company in mainland China– Tahoe Group Co. Ltd.(Shenzhen: 000732) — which focuses onreal estate. Tahoe Group founded Tahoe Cinema and has built the first superaudio-visual five-star cinema in China to actively develop its cultural endeavours.


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