China Reinsurance (Group) Corporation (the Company) dated 29 August 2022 and 27 September 2022 in relation to, among others, (i) the election of Mr. Yang Changsong as a non-executive director of the fourth session of the board of directors of the Company; and (ii) the appointment of Mr. Yang Changsong as a member of the Strategy and Investment Committee and a member and the vice chairman of the Nomination and Remuneration Committee of the Board. The appointment of Mr. Yang Changsong in relation to the above positions shall be effective upon his director's qualification being approved by the China Banking and Insurance Regulatory Commission (the CBIRC) and the implementation of the procedural requirements set out in the articles of association of the Company. The Board announced that the Company received the approval for the qualification of Mr. Yang Changsong from the CBIRC on 3 November 2022.

According to such approval, the CBIRC approved Mr. Yang Changsong's qualification of being a director of the Company. The Company officially appointed Mr. Yang Changsong as a non-executive director of the Company, a member of the Strategy and Investment Committee and a member and the vice chairman of the Nomination and Remuneration Committee of the Board on 8 November 2022, and Mr. Yang Changsong officially performs his duties from that date, until the expiration of the term of the fourth session of the Board. He may serve consecutive terms if he is re-elected upon the expiration of his term of office.

The Board further announced that Mr. Wen Ning has tendered his resignation as the non-executive director of the Company, a member of the Strategy and Investment Committee, a member and the vice chairman of the Nomination and Remuneration Committee of the Board due to work re-arrangement. The resignation comes into effect from 8 November 2022 when the letter of resignation from Mr. Wen Ning has been served on the Board. Mr. Wen Ning confirms that he has no disagreement with the Board and there is no other matter that should be brought to the attention of the shareholders of the Company.

As of November 8, 2022, the executive directors of the Company are Mr. He Chunlei and Mr. Zhuang Qianzhi, the non-executive directors of the Company are Mr. Yang Changsong, Ms. Wang Xiaoya, Mr. Liu Xiaopeng and Mr. Li Bingquan, and the independent non-executive directors of the Company are Mr. Hao Yansu, Mr. Li Sanxi, Ms. Mok Kam Sheung and Ms. Jiang Bo.