References are made to the announcement dated 27 March 2023 on the resolutions of the 23rd meeting of the 9th Board of Directors of China Pacific Insurance (Group) Co., Ltd., the circular of the company dated 24 April 2023 and the announcement dated 28 May 2023 on poll results for the AGM of the company. Capitalised terms used herein shall have the same meanings as those defined in the Circular unless otherwise specified. The Company elected Ms. LO Yuen Man, Elaine as an Independent Non-executive Director of the Company at the AGM held on 26 May 2023, with a term of office until the expiry of the 9th Board of Directors of the company, and her appointment qualification is subject to the approval of the National Financial Regulatory Administration (formerly known as the China Banking and Insurance Regulatory Commission).

The Company announced that the company has recently received the "Approval of Appointment Qualification of LO Yuen Man, Elaine of China Pacific Insurance (Group) Co., Ltd." issued by the National Financial Regulatory Administration. The National Financial Regulatory Administration has approved the appointment qualification of Ms. LO Yuen Man, Elaine as an independent director of the Company. The term of office of Ms. LO Yuen Man, Elaine as an independent director of the Company became effective on 18 July 2023.