The People's Insurance Company (Group) of China Limited announce that Mr. Song Hongjun ("Mr. Song") has obtained the approval of his qualification as a non-executive Director of the Company from National Administration of Financial Regulation (former CBIRC). The aforementioned appointment took effect from 21 August 2023. The aforementioned appointment was approved by the Shareholders at the 2023 First EGM convened on 27 April 2023.

The Company recently received the approval of the qualification of Mr. Song as a Director of the Company from National Administration of Financial Regulation . Accordingly, the appointment of Mr. Song as a non-executive Director of the Company became effective on 21 August 2023, being the date of the approval of his qualification as a Director. The appointment of Mr. Song as a member of the Risk Management & Consumers' Rights and Interests Protection Committee of the Board of the Company also took effect from 21 August 2023.

Save as disclosed in the Circular, Mr. Song did not hold any directorships in other listed public companies in the past three years, nor had any other major appointments and professional qualifications, nor held any other positions at the Company or any of its subsidiaries, nor had any relationship with any Directors, senior management, substantial Shareholders or controlling Shareholders of the Company. As at the date of this announcement, Mr. Song is not interested in any securities of the Company (which shall have the meaning as defined in Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong)).

He has not been subject to any disciplinary actions by China Securities Regulatory Commission and other relevant authorities, and any stock exchanges. As the appointment of Mr. Song has became effective, Mr. Wang Zhibin ("Mr. Wang") has retired as a non-executive Director of the Company and a member of the Risk Management & Consumers' Rights and Interests Protection Committee of the Board. Mr. Wang has confirmed that he has no disagreement with the Board and that there is no matter relating to his retirement or other matters that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the Company's other Directors, Shareholders, creditors and the insured under the Company's insurance.