The People's Insurance Company (Group) of China Limited announced the appointment of Mr. Wang Tingke as the Chairman of the Company shall take effect from the date of obtaining the approval of his qualification as the Chairman. The Company recently received the approval of the qualification of Mr. Wang as the Chairman of the Company from National Administration of Financial Regulation. Accordingly, the appointment of Mr. Wang as the Chairman of the Company and the chairman of the Strategy and Investment Committee of the Board became effective on 29 June 2023, being the date of the approval of his qualification as the Chairman.

The term of office of Mr. Wang as the Chairman shall commence from the date of obtaining the approval of his qualification as the Chairman from National Administration of Financial Regulation 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. Mr. Wang, as an executive director of the Company, does not receive any director's fee from the Company other than the corresponding emoluments (including salary, performance bonus and benefits) received pursuant to his specific management position in the Company.