PICC Property and Casualty : ANNOUNCEMENT IN RELATION TO PREMIUM INCOME

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(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 2021 to 30 April

2021 as below：

	Original insurance	Year-on-year
	premium income	change
	RMB Million	%
Motor vehicle insurance	77,786	-8.5
Accidental injury and health insurance	48,689	23.1
Agriculture insurance	15,293	18.9
Liability insurance	12,379	14.8
Commercial property insurance	6,449	6.0
Credit and surety insurance	633	-80.4
Cargo insurance	1,630	19.9
Other insurance	6,502	12.0
Total	169,361	2.8

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

Zou Zhihong

Secretary of the Board

Beijing, the PRC, 14 May 2021

As at the date of this announcement, the Chairman of the Board is Mr. Luo Xi (non-executive director), the executive directors are Mr. Xie Yiqun and Mr. Jiang Caishi, Mr. Li Tao is a non-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.