According to the resolution passed at the Board meeting of the Company, the Board of The People's Insurance Company (Group) of China Limited announced that Mr. Song Hongjun has been appointed as a non-executive director of the fourth session of the Board of the Company. The term of office of Mr. Song Hongjun as a director shall commence from the date of obtaining the approval at the general meeting of the Company and the approval of his qualification as a director from China Banking and Insurance Regulatory Commission ("CBIRC") until the expiry of the term of the fourth session of the Board of the Company, and he is eligible for
re-election upon the expiry of the term. The Company shall despatch the documents such as the notice of the general meeting and the circular to the shareholders as soon as reasonably practicable. The Board has received the resignation report of Mr. Wang Zhibin on 16 January 2023. Due to related work arrangement, Mr. Wang Zhibin has resigned from his positions as a non-executive director and a member of the Risk Management & Consumers' Rights and Interests Protection
Committee of the Board of the Company. The Company shall perform corporate governance procedures on the election of new director as required. Prior to the formal performance of duties by the new director, Mr. Wang Zhibin shall continue to perform his duties.