China Reinsurance : ANNOUNCEMENT CHANGE IN THE COMPOSITION OF SPECIALISED COMMITTEES OF THE BOARD

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China Reinsurance (Group) Corporation

中國再保險（集團）股份有限公司

(A joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code:1508)

ANNOUNCEMENT

CHANGE IN THE COMPOSITION OF SPECIALISED

COMMITTEES OF THE BOARD

The board of directors (the "Board") of China Reinsurance (Group) Corporation (the "Company") is pleased to announce that, it has made the following adjustments to the composition of specialised committees of the Board in light of work requirements, with effect from 26 December 2019.

Specialised Committee	Adjustments
Strategy and Investment	Ms. Lu Xiuli, a non-executive director of the Company, ceases to
Committee	serve as a member of the Strategy and Investment Committee of
	the Board;
	Ms. Wang Xiaoya, a non-executive director of the Company,
	has been appointed as a member of the Strategy and Investment
	Committee of the Board.
Risk Management	Mr. Wen Ning, a non-executive director of the Company, ceases
Committee	to serve as a member of the Risk Management Committee of the
	Board;
	Mr. Liu Xiaopeng, a non-executive director of the Company, has
	been appointed as a member of the Risk Management Committee
	of the Board.
Audit Committee	Ms. Lu Xiuli, a non-executive director of the Company, ceases to
	serve as a member of the Audit Committee of the Board;
	Mr. Liu Xiaopeng, a non-executive director of the Company, has
	been appointed as a member of the Audit Committee of the Board.

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Related-PartyTransactions Mr. Ren Xiaobing, an executive director of the Company, ceases

• Control Committee to serve as the chairman and a member of the Related-Party Transactions Control Committee of the Board;

Mr. Hao Yansu, an independent non-executive director of the Company, ceases to serve as the vice chairman of the Related- Party Transactions Control Committee of the Board and has been appointed as the chairman of such committee;

Mr. Liu Xiaopeng, a non-executive director of the Company, has been appointed as a member and the vice chairman of the Related- Party Transactions Control Committee of the Board.

Save as disclosed above, there has no other change in the composition of each specialised committee of the Board.

On behalf of the Board

China Reinsurance (Group) Corporation

Zhu Xiaoyun

Joint Company Secretary

Beijing, the PRC, 26 December 2019

As at the date of this announcement, the executive directors of the Company are Mr. Yuan Linjiang, Mr. He Chunlei and Mr. Ren Xiaobing, the non-executive directors of the Company are Ms. Lu Xiuli, Mr. Wen Ning, Ms. Wang Xiaoya and Mr. Liu Xiaopeng, and the independent non-executive directors of the Company are Mr. Hao Yansu, Mr. Li Sanxi, Ms. Mok Kam Sheung and Ms. Jiang Bo.

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