YF Life Awarded Strong Financial Strength Rating by Fitch

April 24, 2019

YF Life Insurance International Ltd. (“YF Life”) is pleased to announce that it has been awarded an ‘A-’ (Strong) insurer financial strength rating by Fitch Ratings (“Fitch”).

This is the first time the international ratings agency “Fitch” has awarded a rating to YF Life and is a testament to the strength of the YF Life insurance business.

Mr. K.P. Tay, Managing Director and Chief Executive Officer said, “We are delighted with this strong rating awarded by Fitch, which reflects YF Life’s strong capitalization, solid financial performance and stable outlook. It also demonstrates the sound business foundation and diversified business portfolio that we have created. Looking forward, we will continue to build on this success, and work towards establishing YF Life as a well-respected, sustainable tech-based company that truly embraces the future.”

YF Life Insurance International Limited is a member of publicly listed Yunfeng Financial Group Limited (HKSE:376), whose major shareholders include Yunfeng Financial Holdings Limited and MassMutual International LLC. Yunfeng Financial Holdings Limited is a company owned by Mr. Jack Ma (Yun) and Mr. David Yu (Feng). Leveraging a robust financial background and solid reliability, YF Life is committed to helping customers “own the future” by providing professional and technology-enhanced one-stop risk- and wealth-management consulting services, as well as MPF services.