Ping An Appoints AI Expert Ray Wang as Chief Technology Officer to Accelerate Comprehensive Digital Transformation

Ping An Insurance (Group) Company of China, Ltd. ("Ping An", the "Company" or the "Group", HKEX: 2318; SSE: 601318) has announced the appointment of Mr. Ray Wang as the Group's Chief Technology Officer (CTO) and General Manager of Ping An Technology. The appointment of Ray Wang will significantly enhance the Company's research and development (R&D) and application capabilities in artificial intelligence (AI). His leadership is expected to drive the deep integration of Ping An's self-developed large language models and open-source big data platforms, accelerating the establishment of five key digital systems "digital business, digital operations, digital management, digital marketing, and digital services." This move aims to inject strong momentum into the Company's technology-enabled "integrated finance + health and senior care" dual-driver strategy, further advancing its comprehensive digital transformation.

Ray Wang holds a master's degree in computer science from the National University of Singapore. Prior to joining Ping An, he held senior technical management roles at globally renowned companies such as Google and Bloomberg. In 2015, Wang became Chief Architect at Baidu, where he spearheaded the development of Baidu Wallet and financial services. In 2016, he joined Ant Group, serving as Vice President and CTO of Ant Fortune and Ant Insurance. At Ant Group, he led innovations in digital finance and AI, managing technical and research teams across wealth management, insurance, consumer finance, MYbank, and Zhima Credit. He launched pioneering generative AI products such as AI financial assistant and AI financial business assistant. With nearly 20 years of experience in the "finance + technology" sector, Wang brings extensive expertise in the digital transformation of financial services, the development and application of financial large models, top-tier technical skills, and exceptional innovation capabilities.

In recent years, Ping An has been oriented by customer needs, focusing on empowering business scenarios as its core strategy. Ping An has continuously invests in R&D to build leading technological capabilities, which have been widely utilized to enable its core financial businesses and accelerate the development of its "integrated finance + health and senior care" ecosystem. This strengthened Ping An's internal smart application of business scenarios, while promoting the digital transformation of the industry as a whole. The Company has built a "953" technology foundation backed by the data of nine major databases, technical support from the five laboratories, and development and application services of the three technology companies, which creating an AI moat. As of the end of 2024, Ping An has a first-class technology team of over 21,000 technology developers and more than 3,000 scientists. As of March 31, 2025, Ping An cumulatively won 45 championships in domestic and overseas AI competitions and cumulatively filed 55,435 patent applications, leading most international financial institutions.