Yunfeng Financial Announces Conditional Approva...

Hong Kong, March 31, 2026-Yunfeng Financial (the "Group"; Stock Code: 00376.HK) is pleased to announce that its proposed wholly-owned subsidiary YF Life Insurance Bermuda Ltd. ("YF Life Bermuda") has been granted a conditional approval by the Bermuda Monetary Authority ("BMA") to register as a Class E Insurer,This marks an important step in the expansion of the Group's long-term international insurance business.

01 For global high net worth clients, capturing high-end wealth management and asset inheritance needs

YF Life Bermuda is positioned as an insurance platform for global high net worth and ultra-high net worth customers. It will rely on Bermuda's advantages as the world's leading insurance and reinsurance center and combine international brokerage and wealth management channels to provide customers with cross-regional and cross-asset comprehensive insurance (covering Life, annuity, accident and disability risks, etc.) and wealth solutions.This license approval will help the Group to further expand from its existing regional insurance business to the global high-end customer market and capture the market opportunities of growing demand for high-end wealth management and asset inheritance.

02 Explore and promote AI technology to drive a new generation of insurance business model to enhance the overall customer experience

At the same time, the Group intends to explore a new generation of AI-driven insurance business model with the Bermuda platform as the core carrier. Through the introduction of artificial intelligence technology and block chain (blockchain) technology to gradually promote the intelligent upgrading of customer service, product configuration and operation process, improve the overall efficiency and experience. In the future, it will also combine the Group's strategic layout in the field of digital assets,Explore opportunities for the integration of insurance and emerging asset forms to build a more forward-looking financial services ecosystem.

03 Laying the cornerstone of international development and establishing differentiated insurance advantages with global competitiveness

The establishment of the Bermuda Platform is an important milestone in the international development of the Group. With the increasing demand for asset allocation and protection from global high net worth clients, we believe that the combination of insurance expertise and technological capabilities will help the Group establish a competitive differentiation advantage in the global market.

This conditional approval marks an important progress, and the Group will proceed with the follow-up work in an orderly manner in accordance with regulatory requirements, including the completion of relevant conditions and procedures, and the formal start of business after obtaining a full license.

About Yunfeng Finance

Yunfeng Financial Group Co., Ltd. (stock code: 00376.HK) is an innovative financial technology company. Its main shareholders include Yunfeng Financial Holding Co., Ltd. and Wantong Life Insurance Company (one of the five largest life insurance companies in the United States). Its business covers insurance, securities Brokerage, asset management and financial technology. The Group's subsidiaries hold licenses 1, 4 and 9 of the Hong Kong Securities and Futures Commission,He also holds a long-term insurance license from the Hong Kong Insurance Regulatory Bureau and is qualified as an MPF trustee through the holding of Wantong Insurance. In the future, based on the solid insurance and financial technology foundation accumulated in the Web 2 era and the profound resources of Yunfeng financial ecosystem, the group will fully embrace and integrate AI \+ Web3 block chain technology to "put everything on the chain,Link the world "for the development of vision, to create a new generation of AI \+ Web3 financial services ecosystem.

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