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New Subsidiary, New Advantage

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China Pacific Insurance (Group) Co., Ltd. (“CPIC” or the “Company“; Stock Code: 2601.HK, 601601.SH, CPIC.LSE) recently informed that China Banking and Insurance Regulatory Commission officially approved the application of China Pacific Insurance to establish CPIC Technology Co., Ltd. (“CPIC Technology”) on 21 January, 2022, marking that CPIC Technology became one of the first approved technology subsidiaries focusing on rendering information technology services to insurance groups after the promulgation of the Administrative Measures for the Supervision of Insurance Group Companies.

In the context of insurance industry digitalisation, technology has become a new battlefield of changes and competitions for insurance industry as technology is gradually interacting with the industry in all aspects. As a top insurance company, CPIC always regards technology as the core element to drive business development, and regards shaping the future-oriented technology advantage as the inevitable requirement to achieve high-quality development. In July 2020, the board of directors of CPIC resolved to push forward the establishment of CPIC Technology as a significant strategic decision on “Strengthen Technology”, a component of CPIC Transformation 2.0. During its subsequent trial running for more than one year, CPIC Technology developed a data lake for universal business-related data across CPIC for the first time as a part of its efforts to create data governance system, and it extended its presence to several regions by relocating Luojing Data Centre for “second-level response time for 100 million-level user base, and real-time computing for full data”, putting Greater Bay Area Science and Technology Innovation Centre into operation, and advancing the progress of Wuhan R&D Centre. It has successively entered into market-oriented technological cooperation projects with the Group and its subsidiaries, further improving the technology governance system of CPIC. The company has received aggregate 15 copyright patents from National Copyright Administration of China, and more than 20 domestic and foreign industry awards for its digital product matrix represented by Intelligent Platform for Compliance, Intelligent Contract Review, Family, and AI Open Platform, and for its self-developed “Cat” series automatic test platform, which has been selected as the top ten technological achievements in digital transformation of state-owned enterprises.

CPIC establishes CPIC Technology to respond to the new requirements of industry development, and open up a new track for the insurance industry. CPIC Technology will provide new momentum for high-quality development of CPIC, bringing about new advantages for CPIC.

Responding to the New Requirements of Industry Development. China’s insurance market is in a critical stage of development with shifting cycles and reshaping of growth engines. CPIC Technology will actively respond to the developing requirements set out in Guiding Opinions on the Digital Transformation of the Banking and Insurance Industry and China’s Insurance Technology 14th Five-Year Development Plan. It will focus on top-level design, strengthen overall planning, give full play to the role of new strategic entity, so as to help CPIC maintain its strategic focus on protection-oriented products, support the construction of the financial technology industry, improve the quality and efficiency in serving the real economy, and strengthen the ability to serve the society and people’s wellbeing.

Opening New Development Paths in Insurance Technology. Nowadays, with the accelerated evolution of a new wave of technological revolution and industrial transformation, CPIC Technology will implement cutting-edge technology research and technological engineering projects, overcome the challenges and grasp the opportunities in the new era of technological development, and focus on independent research and development, data services, platform collaboration, innovation transformation, and other long-term develop of technology capability. Also, it will promote innovative breakthroughs in key technology fields such as blockchain platforms, trusted computing platforms, big data risk control platforms, AI service capabilities, and IoT solutions, and continue to put efforts into “big health”, “big data”, “big regions” and “metaverse” and other key areas, to promote the core transformation from “digital” to “digital intelligence”, and boost the business transformation and upgrading and conversion.

Becoming a New Driver for High-quality Development. In the critical year of further promoting the “14th Five-Year Plan” and CPIC’s new 30-year development, as the main force of CPIC’s technology empowerment, CPIC Technology will promote CPIC to establish technology capabilities that match CPIC’s industry status, and enhance the display of technological empowerment, to empower the management and CPIC to give full play to the advantages of the system and mechanism and the role of the platform window, in order to promote the deep integration of business and technology, cultivate new momentum for high-quality business development with technology, and make insurance technology a powerful driver of high-quality development of our group on its new journey.

In the future, CPIC Technology’s mission will be “achieving growth in insurance business using technology and creating value with expertise”, with the vision of “becoming a leader of the new era of insurance technology”, and adhere to “be open-minded to innovation, be customer-oriented, efficiently promoting new strategies, creating synergy and symbiosis, and emphasis on steady growth and systematisation”, it will serve the main business, empower the main business, and play a greater role in promoting the development of China’s insurance industry.

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JupiterOne and watchTowr announce partnership to protect business critical assets with broad exposure management capabilities

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SINGAPORE, May 2, 2024 /PRNewswire/ — watchTowr, a leader in external attack surface management (EASM) technology and fuelled by watchTowr Labs, a renowned vulnerability R&D capability, has formed a strategic partnership with JupiterOne. JupiterOne is a leader in cyber asset attack surface management (CAASM) technology. This collaboration enables customers to rapidly prioritize emerging threats within their constantly changing environments, focusing on fixing the most critical risks impacting their business, which enables an end-to-end continuous threat exposure management process (CTEM).

Over 28,000 CVE records were published in 2023; a figure that is expected to increase as attackers shorten the time from known vulnerability to exploit, reducing it from weeks to days. JupiterOne and watchTowr’s integrated solution empowers enterprises to discover their most critical and exploitable vulnerabilities, prioritize them with asset context based on business impact and receive an actionable remediation plan to improve security posture.
This partnership enables a complete continuous threat exposure management program, addressing the full spectrum of cyber risk management. The fully integrated solution provides continuous monitoring and assessment of both internal and external digital assets, allowing for prioritization and effective threat mitigation for a business’s most critical assets. “Our partnership with watchTowr is a game-changer” said Forte. “Combining our data aggregation with real-time asset discovery and automated security testing allows us to offer a unique, all-encompassing approach to exposure management.”
Benjamin Harris, CEO, watchTowr, said, “While the number of reported vulnerabilities continues to rise, the vulnerabilities that matter – in mission-critical, key systems – have exploded at an alarming rate. This reality, combined with the significant shift in speed by attackers to weaponize vulnerabilities – the ability to validate exploitability and prioritise actions based on real business risk has never been more vital. We’re excited to join forces with JupiterOne to give security teams around the globe this much-needed end-to-end capability.”
About JupiterOne:
JupiterOne is a cybersecurity startup delivering powerful software solutions to companies across all industries, providing deep insights to cyber assets and the relationships between, empowering security professionals to have true knowledge and ownership of their attack surfaces.
About watchTowr: 
watchTowr is a global cybersecurity technology company, built by former adversaries.
watchTowr’s world-class External Attack Surface Management and Continuous Automated Red Teaming technology is informed by years of experience compromising some of the world’s most targeted organisations and utilised by Fortune 500, financial services and critical infrastructure providers every day.
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Clarivate Declares Dividend on Mandatory Convertible Preferred Shares

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LONDON, May 1, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT; CLVT PR A) (“Clarivate”), a leading global provider of transformative intelligence, today announced that its board of directors declared a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares (the “Preferred Shares”), payable in cash on June 3, 2024 to shareholders of record at the close of business on May 15, 2024.

On the mandatory conversion date, which is scheduled to occur on June 3, 2024, each Preferred Share will automatically and mandatorily convert into a number of ordinary shares of Clarivate (and cash in lieu of any fractional ordinary shares) based on the average volume weighted average price (“VWAP”) of Clarivate’s ordinary shares over a 30-trading day period that begins on, and includes, April 18, 2024 and is scheduled to end on, and include, May 30, 2024 (the “valuation period”). If such VWAP is (i) greater than $31.20, then the mandatory conversion rate will be 3.2052 ordinary shares of Clarivate per Preferred Share, (ii) less than or equal to $31.20 but equal to or greater than $26.00, then the mandatory conversion rate will be a number of ordinary shares of Clarivate per Preferred Share equal to $100.00 divided by such VWAP and (iii) less than $26.00, then the mandatory conversion rate will be 3.8462 ordinary shares of Clarivate per Preferred Share. The mandatory conversion rate will be announced following the end of the valuation period. The above description of the terms of the Preferred Shares is not complete and is subject to, and qualified in its entirety by reference to, the “Statement of Rights” for the Preferred Shares, which is filed as Exhibit 3.2 to Clarivate’s annual report on Form 10-K for the fiscal year ended December 31, 2023.
Cautionary Note Regarding Forward-Looking Statements
This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “see,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” and “would” and similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption “Risk Factors” in our annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). However, those factors should not be considered to be a complete statement of all potential risks and uncertainties. Additional risks and uncertainties not known to us or that we currently deem immaterial may also adversely affect our business operations. Forward-looking statements are based only on information currently available to our management and speak only as of the date of this communication. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, except as otherwise required by securities and other applicable laws. Please consult our public filings with the SEC or on our website at www.clarivate.com.
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.
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CGTN: 3rd CMG Forum in Beijing discusses AI development

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BEIJING, May 1, 2024 /PRNewswire/ — Focusing on the development of AI, the third CMG Forum was held on Monday in Beijing.

Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the Publicity Department of the CPC Central Committee, attended the opening of the event and delivered a speech.
Guests at the forum stressed the role of media in promoting the innovative application of AI as well as its governance.
Efforts should also be made to boost the development of AI in creating positive, healthy, diverse and high-quality content, so that AI can become a force for good and benefit mankind, they agreed.
They also called on media to accelerate intelligent transformation and help bridge international exchanges and cooperation on the governance of AI to facilitate its healthy, orderly and safe development.
Hosted by China Media Group (CMG), the forum attracted more than 200 participants from international organizations, media, think tanks and multinational companies.
“Innovation and breakthroughs in science and technology not only guide the development and progress of human civilization, but also bring uncertainty to the changing world,” said Shen Haixiong, vice minister of the Publicity Department of the CPC Central Committee and president of CMG. He called for efforts to jointly create valuable and responsible artificial intelligence.
AI technology is affecting every aspect of our lives. Thomas Bach, president of the International Olympic Committee (IOC), stated in a video speech that CMG has always been a partner of the IOC, bringing the charm of the Olympic Games to hundreds of millions of Chinese viewers. He said the IOC invites CMG to work together for the creation of a future with the application of AI in Olympic sports.
“From ancient inventions such as silk, printing and the compass to modern technological advances such as robotics, telecommunications and green technology, China has always been committed to innovation and creation,” said Daren Tang, director general of the World Intellectual Property Organization (WIPO). He said WIPO pays close attention to ensuring a balance between the opportunities and risks of artificial intelligence and is committed to strengthening cooperation to ensure that artificial intelligence is properly used.
https://news.cgtn.com/news/2024-04-30/3rd-CMG-Forum-in-Beijing-discusses-AI-development-1tdDcXvCexG/p.html

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