The board of directors of PICC Property and Casualty Company Limited announced that a resolution related to appointing Mr. Bi Xin as the Secretary of the Board of the Company has been considered and approved on 27 February 2023, and the approval of qualification of Bi Xin of PICC Property and Casualty Company Limited (the Approval) issued by the China Banking and Insurance Regulatory Commission (the CBIRC) has recently been received. Pursuant to the Approval, the qualification of Mr. Bi Xin as the Secretary of the Board of the Company has been approved by the CBIRC. The term of office of Mr. Bi Xin as the Secretary of the Board of the Company commenced on 27 March 2023.