China Pacific Insurance (Group) Co., Ltd. elected Mr. John Robert DACEY as a non-executive director of the Company at the shareholders' extraordinary general meeting held on 21 August 2020, with a term of office until the expiry of the 9th Board of Directors of the company. Reference is made to the announcement of the Company dated 29 March 2021 in relation to adjustment on the composition of the special committees of the 9th Board of Directors. The appointment of Mr. John Robert DACEY as a member of the Nomination and Remuneration Committee under the Board is subject to and will take effect upon the approval of his appointment qualification as a director of the Company by China Banking and Insurance Regulatory Commission ("CBIRC"). The Company announced that the Company has recently received the "Approval of appointment qualification of John Robert Dacey of China Pacific Insurance (Group) Co., Ltd.". CBIRC has approved the appointment qualification of Mr. John Robert DACEY as a director of the Company. The term of office of Mr. John Robert DACEY as a director of the Company and a member of the Nomination and Remuneration Committee under the Board became effective on 29 March 2021. Mr. John Robert DACEY, American, born in May 1960, is currently chief financial officer and a member of the Executive Committee of Swiss Re Group. Mr. DACEY was a consulting partner of McKinsey & Company, chief strategy officer and a member of the Executive Committee of Winterthur Insurance as well as vice chairman and a member of the Executive Committee of the Asia-Pacific Regional Office of AXA and chief executive officer of AXA Japan and Asia-Pacific Regional Headquarters. Mr. DACEY also served as a non-executive director of New China Life Insurance Company Limited. Mr. DACEY holds a master's degree.