PICC Property and Casualty Company Limited announced that at the EGM held on 27 October 2022, the proposed resolutions set out in the notice of the EGM of the Company dated 29 September 2022 (the "Notice") were passed by way of poll. Mr. Li Weibin ("Mr. Li") and Mr. Qu Xiaobo ("Mr. Qu") were appointed as Independent Directors of the Company by Shareholders at the EGM with the term of office, commencing from the date of obtaining approval for their Directors' qualifications from the CBIRC and ending upon the expiry of the term of appointment of the 5th session of the Board of the Company. Mr. Li has been appointed by the Board as a committee member of the Audit Committee of the Board and a committee member of the Nomination, Remuneration and Review Committee of the Board.

Mr. Qu has been appointed by the Board as a committee member of the Audit Committee of the Board and a committee member of the Related Party Transaction Control Committee of the Board. The terms of office of Mr. Li and Mr. Qu as members of the committees of the Board are the same as their terms of office as Directors. The qualifications of Mr. Li and Mr. Qu as Directors are effective subject to the approval of the CBIRC after the EGM.

Mr. Dong Qingxiu ("Mr. Dong") was appointed as a Supervisor of the Company by Shareholders at the EGM with the term of office, commencing from the date of obtaining approval for his Supervisor qualification from the CBIRC and ending upon the expiry of the term of appointment of the 5th session of the Supervisory Committee of the Company. The Supervisors elected Mr. Dong as the Chairman of the Supervisory Committee and the Chairman of the Performance and Due Diligence Supervision Committee of the Supervisory Committee and the terms of office of Mr. Dong as the Chairman of the Supervisory Committee and the Chairman of the special committee of the Supervisory Committee are the same as his term of office as a Supervisor. The qualification of Mr. Dong as a Supervisor is effective subject to the approval of the CBIRC after the EGM.

Mr. Carson Wen ("Mr. Wen") was appointed as an External Supervisor of the Company by Shareholders at the EGM with the term of office, commencing from the date of obtaining approval for his Supervisor qualification from the CBIRC and ending upon the expiry of the term of appointment of the 5th session of the Supervisory Committee of the Company. Mr. Wen has been appointed by the Supervisory Committee as a member of the Finance and Internal Control Supervision Committee of the Supervisory Committee. The term of office of Mr. Wen as a member of the special committee of the Supervisory Committee is the same as his term of office as a Supervisor.

The qualification of Mr. Wen as a Supervisor is effective subject to the approval of the CBIRC after the EGM.