The board of directors of China Taiping Insurance Holdings Company Limited announced that Ms. YU Xiaoping, due to other assignment, has resigned as an executive director, a member of the corporate governance committee and a member of the risk management committee of the company with effect from 16 December 2019. Ms. YU has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the company.