PICC Property and Casualty : ANNOUNCEMENT IN RELATION TO PREMIUM INCOME

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

(Stock Code: 2328)

ANNOUNCEMENT IN RELATION TO PREMIUM INCOME

PICC Property and Casualty Company Limited (the "Company") announces the original insurance premium income of the Company for the period from 1 January 2020 to 31 January

2020 as below：

	RMB Million
Motor vehicle insurance	27,188
Accidental injury and health insurance	11,545
Agriculture insurance	3,403
Liability insurance	3,561
Commercial property insurance	2,482
Credit and surety insurance	1,653
Cargo insurance	395
Other insurance	2,280
Total	52,507

The above information is prepared pursuant to the PRC Accounting Standards for Business Enterprises and is unaudited and has not been reviewed by the Audit Committee of the Company. Investors should exercise caution not to unduly rely on such information.

By Order of the Board

PICC Property and Casualty Company Limited

Miao Jianmin

Chairman of the Board

Beijing, the PRC, 19 February 2020

As at the date of this announcement, the Chairman of the Board is Mr. Miao Jianmin (executive director), the Vice Chairman is Mr. Xie Yiqun (executive director), the non-executive director is Mr. Li Tao, Ms. Xie Xiaoyu is an executive director, and the independent non-executive directors are Mr. Lin Hanchuan, Mr. Lo Chung Hing, Mr. Ma Yusheng, Mr. Chu Bende and Ms. Qu Xiaohui.