Ping An Technology will start to issue a large-scale layoff notice in the middle and late September, involving up to 20% people.

China Ping An Insurance (Group) Co., Ltd. (hereinafter referred to as "China Ping An", "China Ping An Insurance", "China Ping An Insurance Company" and "China Ping An Group") was born on 1988 in Shekou, Shenzhen. It is the first joint-stock insurance enterprise in China and has developed into an integrated, compact and diversified comprehensive financial service group integrating financial insurance, banking and investment.