The board of directors of The People's Insurance Company (Group) of China Limited announced that the Company has received the resignation report of Mr. Chen Wuzhao, an independent non-executive director, on 1 March 2023. Due to his service as an independent non-executive director of the Company for six consecutive years, Mr. Chen Wuzhao has resigned as an independent non-executive director, chairman of the Audit Committee, a member of the Nomination and Remuneration Committee and a member of the Related Party Transactions Control Committee of the Board of the Company in accordance with relevant regulatory requirements.