PICC P&C Signs Three-Year Connected Technology Service Deal With PICC Technology
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PICC Property & Casualty Co (HK:2328) has signed a three-year Technology Service Agreement with PICC Technology for 2026-2028. The agreement includes IT project services such as system development, cybersecurity, and data management, with annual fee caps of RMB 562.71 million for 2026, RMB 513.41 million for 2027, and RMB 514.90 million for 2028. This deal is a continuing connected transaction under Hong Kong Listing Rules, exempt from independent shareholders’ approval. The latest analyst rating for PICC P&C stock is a Hold with a price target of HK$19.00.
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