The board of directors of China Reinsurance (Group) Corporation announced that Mr. Ren Xiaobing has tendered his resignation as the executive director of the company, a member of the Strategy and Investment Committee and a member of the Risk Management Committee under the Board due to adjustment of work arrangement. The resignation will come into effect from 25 February 2021 when the letter of resignation from Mr. Ren Xiaobing has been served on the Board. In addition, Mr. Ren Xiaobing ceased to serve as the vice president, compliance controller, chief risk officer of the company and other positions from 25 February 2021.