ZhongAn Online P & C Insurance Co.,Ltd. entered into the Amendment Agreement to amend the terms of the Auto Co-insurance Cooperation Agreement. Pursuant to the Amendment Agreement, the premiums and claim payments shared between and Ping An P&C will be amended from a proportion of 30%:70% to a proportion of 50%:50%, effective on January 1, 2018 subject to Shareholders' approval. Under the Auto Co-insurance Cooperation Agreement as amended by the Amendment Agreement, the original annual caps of the continuing connected transactions under the Auto Co-insurance Cooperation Agreement for the two years ending December 31, 2019 will not be sufficient and need to be revised.