LINXIA, China, Oct. 20, 2025 /PRNewswire/ — On the evening of October 8th, the Linxia area experienced a significant rainfall. In order to promptly inspect the hidden dangers of power grid equipment after the rain and ensure the safe and reliable power supply, the State Grid Linxia Power Supply Company quickly responded and organized operation and maintenance personnel to conduct special inspections of power facilities in the jurisdiction, including important lines, substations, and low-lying areas, to fully ensure the safe and stable operation of the Linxia power grid.

State Grid Linxia Power Supply Company carefully deployed inspection forces and formed multiple special inspection teams to go to the front line. At the inspection site of the power transmission and distribution lines, the staff adopted a three-dimensional inspection mode of “drone aerial photography + foot inspection” to focus on inspecting the lines along the riverbank, low-lying areas, and geological hazard points. Carefully check whether the tower foundation is sunk, whether the cable is firm, and whether the insulator is broken or flashover marks. Clean up the tree debris and floating objects in the line passage at the same time to eliminate the risk of foreign objects hanging.

For core facilities such as substations, operation and maintenance personnel conducted “carpet-style” inspections, focusing on checking the leakage and water accumulation in cable trenches and cable shafts, testing the temperature and humidity inside switch cabinets to ensure the insulation performance of equipment, clearing debris from drainage pipes, verifying the reserve of flood prevention materials, and using infrared thermometers to accurately measure the temperature of key equipment such as transformers and circuit breakers to ensure good equipment operating conditions.

Next, the State Grid Linxia Power Supply Company will regularly carry out special inspections and hazard investigations after rain, continuously improve the health level of equipment and emergency response capabilities, effectively strengthen the safety defense line of the power grid, and provide strong power support for the economic and social development of the entire state and the lives of the people.

Empowering Customers to Accelerate Wealth and Plan for Succession Efficiently
Market-first^[1] Wealth Master Service ^[2]Customised Trust-like^[3] Cash Flow Solutions for Up to Three Recipients

HONG KONG, Oct. 20, 2025 /PRNewswire/ — AXA Hong Kong and Macau (“AXA”) has launched the new WealthAhead II Savings Insurance Series^[4]  (“WealthAhead II Series“ or the “Series“), an enhanced successor to the widely popular WealthAhead Savings Plan. WealthAhead II Series strengthens wealth management, wealth allocation, as well as wealth succession, supporting customers to grow their wealth efficiently with enhanced liquidity. WealthAhead II Series introduces the market-first1 Wealth Master Service^[2], enabling customers to pre-set periodic withdrawal instructions to build cash flows for up to three designated recipients. Additionally, the Series incorporates trust-like^[3] features such as the Heritage Protector Option, which allows customers to pre-set succession events — including death or incapacitation — specify the designated age for inheritance, and appoint contingent owner and interim owner^[5], ensuring secure and smooth wealth across generations.

Janet Lee, Chief Life and Health Insurance Officer of AXA Hong Kong and Macau, said: “With the US Federal Reserve initiating its first rate cut of the year and signalling the beginning of a broader easing cycle, markets are anticipating two further reductions within the year. Against this evolving macroeconomic backdrop, investors are increasingly prioritising long-term, stable asset allocation strategies that offer growth potential. Noting that today’s wealth management needs extend beyond simple savings or high returns. Customers are seeking holistic solutions that encompass asset accumulation, liquidity management, legacy planning and strategic wealth distribution across different life stages. In response, we have introduced WealthAhead II Series, which retains the strong total return potential of its predecessor while incorporating the market-first^[1] Wealth Master Service^[2] and trust-like^[3] wealth succession tool. These enhancements empower customers to manage their wealth with greater flexibility, enabling them to plan effectively for wealth transition and succession, achieving their financial goals while meeting wealth distribution needs throughout every stage of life.”

Three Key Highlights of the WealthAhead II Series Include:

1. Multi–currency options to capture global opportunities with flexible convertibility and gain lock-in features
   WealthAhead II Series offers premium payment terms of 5 and 10 years, with a choice of up to 9 currencies^[6]. It also includes flexible currency conversion option^[7]. From the third policy anniversary onwards, customers may convert their policy to another currency without affecting the total cash value or incurring any handling fees — enabling agile asset reallocation in response to market movements. The Series also features a Policy Value Lock-in Option^[8], allowing customers to secure gains at opportune moments and mitigate future volatility. Additionally, the market-first dual-currency account^[9] acts as a flexible cash reserve, with interest payable on the selected currency.
2. Flexible Wealth Management – Personalised Wealth Allocation in Action
   WealthAhead II Series introduces the market-first^[1] Wealth Master Service^[2], enabling customers to pre-set periodic withdrawal instructions tailored for up to three designated recipients. Payments are made automatically at scheduled intervals, creating personalised income streams that support precise and strategic wealth distribution. The Series also features a Flexi Segregation Option. From the first policy anniversary onwards, customers can transfer part of the value from existing policy to a separate policy and subsequently exercise different policy options for each — ensuring the solution aligns with the distinct financial goals of individual family members.
3. Steady Wealth Accumulation Across Generations – Ensuring Seamless Wealth Transfer
   The Series offers a suite of features designed to help customers safeguard their legacy and support intergenerational wealth planning. At the policy level, customers may arrange for policy continuation and succession by designating a contingent owner, interim owner, contingent insured, or by exercising the change of insured option. Additionally, customers may also appoint a designated executor and select from a range of death benefit settlement options to facilitate direct and efficient wealth distribution to family members.
   • Heritage Protector Option^[10] – From policy commencement, customers can proactively plan for succession by appointing a contingent owner and, if necessary, an interim owner. They may specify the succession event — such as death or incapacitation — and set a designated age for succession. If the contingent owner has not reached the specified age at the time of the succession event, the interim owner will assume ownership and manage the policy in accordance with the granted right predefined by the client, ensuring that wealth is transferred securely and in line with the client’s intentions.
   • Flexi Continuation Option – From policy commencement, customers may designate a contingent insured^[11] to allow part of the policy to continue following the passing of the current insured, while also providing a compassionate benefit. This feature enables a flexible balance between life protection and wealth transfer.
   • Change of Insured Option^[12]– Starting from the first policy anniversary, customers may change the insured an unlimited number of times, allowing substantial wealth to be passed down through generations.
   • Flexi Care Option^[13] – From policy commencement, customers may appoint a designated executor. In the event of the policy owner’s mental or physical incapacitation, the designated executor may apply for a one-time withdrawal of a certain percentage of the total cash value, without the need for complex legal procedures.
   • Tailored Death Benefit Settlement Options – Customers may select different settlement methods for each beneficiary, including lump sum payment, payment by instalments, or hybrid payments, to meet their legacy planning goals. Irrespective of the chosen option, customers may defer the first payment of death benefit for up to 30 years^[14], allowing beneficiaries to receive the proceeds at the most appropriate time.

Enjoy a total reward of up to 80%^[15] of the first-year premium during the promotional period. For more information, please visit: https://axa.com.hk/en/wealth-ahead-ii-savings-insurance

The above information is for reference only. For full details on the promotional offer, product features, terms, conditions, and exclusions, please refer to the relevant product brochure, policy contract, and promotional leaflet.

About AXA Hong Kong and Macau

AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 50 markets and serving 95 million customers worldwide. Our purpose is to act for human progress by protecting what matters.

As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers’ needs and leveraging and investing in technology and digital transformation.

We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research. Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations. We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles – as an investor, insurer and an exemplary company.

THIS PRESS RELEASE IS AVAILABLE ON AXA’S WEBSITE: AXA.COM.HK 

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 – “Risk factors and risk management” of AXA’s Universal Registration Document for the year ended December 31, 2020, for a description of certain important factors, risks and uncertainties that may affect AXA’s business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as part of applicable regulatory or legal obligations.

SHANGHAI, Oct. 20, 2025 /PRNewswire/ — Approved by China’s State Council, 2025 Sustainable Global Leaders Conference is being held in Huangpu District, Shanghai, from October 16 to 18. Under the theme “Joining Hands to Address Challenges: Global Action, Innovation, and Sustainable Growth”, the conference brings together global expertise to explore new pathways for sustainable development and inject powerful “Chinese momentum” into global sustainability governance.

The conference is co-hosted by the World Green Design Organization (WGDO) and Sina Group, with the IFRS Foundation Beijing Office as a co-organizer. It is jointly organized by Sina Finance and the WGDO Beijing Representative Office, and supported by the People’s Government of Huangpu District, Shanghai.

On October 17, the second day, Distinguished international political figures attended the event, including Kolinda Grabar-Kitarović, the 4th President of the Republic of Croatia, Member of International Olympic Committee (IOC), Vuk Jeremić, President of the Center for International Relations and Sustainable Development, Former Foreign Minister of Serbia, Former President of the United Nations General Assembly, and H.E. Salvador Moncada, Ambassador of Honduras to China.

Liu Jun, President of Industrial and Commercial Bank of China and Wang Zhiheng, president of Agricultural Bank of China. Liu also held a dialogue with Michael Levitt, Nobel Laureate in Chemistry, on AI Innovation Powers Sustainable Development.

Other notable attendees included Tu Guangshao, Co-chair of the ESG Leaders Association Forum, YAN Shidong, Director General, Center for Environmental Education and Communications of Ministry of Ecology and Environment, P.R.C, He Qing, Secretary of the CPC Shanghai Municipal State-owned Assets Supervision and Administration Committee, Xu Huili, Deputy Secretary of the CPC Huangpu District Committee, District Mayor of Huangpu, and Deng Qingxu, CEO of Sina Finance.

A series of significant ESG-related reports were released during the conference, including: 2024 China Alcohol Drinks ESG Development Index Report, ESG Disclosure Progress Report — Based on AI Tools, The 2025 Disclosure Dividend — A Comprehensive Assessment of Business Resilience in a Rapidly Changing Environment, Sustainable Development: Breaking Through Growth Barriers — Carbon Neutrality and Executive Insights 2025, and Green Development Research Findings by Beijing National Institute of ESG.

The conference also welcomed leading figures from international organizations, academia, finance, business, and sports. Michael Levitt, Michael Levitt, 2013 Nobel Prize Laureate in Chemistry, Member of the National Academy of Sciences, Fellow of the Royal Society, and Professor of Structural Biology at Stanford University in the United States delivered a keynote address on How AI Is Reshaping the Future of Industry and Society. Jared Diamond, Professor of Geography, University of California, Los Angeles; Author of Guns, Germs, and Steel presented a special lecture titled The Next Chapter of Human History: Integrating Health, Environment, and Governance.

Other distinguished speakers included Liang Tao, Liang Tao, former Vice Chairman of the China Banking and Insurance Regulatory Commission, Zhao Yan, Zhao Yan, Founder of Bloomage Biotech, Bloomage International, Dinan Huang, Chairman of Shenergy (Group) Co., Ltd., Liu Liya, Vice President of Shanghai University of Finance and Economics, Zhao Ruirui, former Chinese women’s volleyball player and Olympic champion, and Qin Shuo, Humanities and Finance Observer, Organizer of Chin@ Moments.

As a key international platform for sustainability dialogue, 2025 Sustainable Global Leaders Conference fosters global conversations and industrial collaboration with an open, cooperative, and mutually beneficial approach. It brings together governments, enterprises, academia, institutions, and social organizations to explore practical pathways and long-term mechanisms for sustainable development.

Looking ahead, the conference will continue to promote the exchange and transformation of green innovations, deepen integration with local economy, technological innovation, and financial capital, and help Shanghai evolve into a globally influential model city for sustainable development — delivering China’s green commitments and actions to the world.