According to administrative penalty information published by the State Administration of Financial Supervision and Administration on August 21, Evergrande Life Insurance Co., Ltd.'s business license was revoked. According to administrative penalty information, Evergrande Life's main offenses include serious irregularities in the use of insurance funds, delivery of benefits to related parties, non-compliance with management after investment, and false records in submitted reports.

According to administrative penalty information published by the State Administration of Financial Supervision and Administration on August 21, Evergrande Life Insurance Co., Ltd.'s business license was revoked. According to administrative penalty information, Evergrande Life's main offenses include serious irregularities in the use of insurance funds, delivery of benefits to related parties, non-compliance with management after investment, and false records in submitted reports.