PICC Property and Casualty Company Limited announced that Mr. Cheng Fengchao was appointed as an Independent Non-executive Director of the Company at the EGM and has been appointed by the Board as chairman and member of the committees of the Board, taking effect from the date of approval by the CBIRC. Mr. Zhang Daoming was appointed as an Executive Director of the Company at the EGM and has been appointed by the Board as member of the committee of the Board, taking effect from the date of approval by the CBIRC.