2021 VONB Performance and Strategic Highlights

AIA China: Prudent Investment Portfolio AIA China Invested Asset Mix Cash & Cash Equivalents 1% Note: As of 31 December 2021 Equities 15% Fixed Income 84% Prudent ALM Approach Asset allocation driven by liability cash flow matching in local currency ~80% of earnings from insurance and fees 84% of invested assets in fixed income 94% of bond portfolio in government and government agency bonds. Bond portfolio average international rating A Asset portfolio well diversified with insignificant alternative assets AIA 68

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