The board of directors of China Pacific Insurance (Group) Co., Ltd. announced that Mr. CHEN Jizhong ("Mr. CHEN") has submitted his resignation to the Board on 26 October 2023, resigning from his position as independent non-executive director, chairman of the Risk Management and Related Party Transaction Control Committee and member of the Nomination and Remuneration Committee of the Board due to his work arrangement. Since the resignation of Mr. CHEN will result in the number of independent non-executive directors of the Company falling below the relevant regulatory requirements and the requirements of the Articles of Association of China Pacific Insurance (Group) Co., Ltd., Mr. CHEN will continue to perform his duties until the qualifications of the new independent non-executive directors are approved by the National Administration of Financial Regulation.