Ping An Insurance (Group) Company of China, Ltd. announced that reference is made to the announcement of Ping An Insurance (Group) Company of China, Ltd. dated March 15, 2023 and the circular of the Company dated April 20, 2023 in relation to, among others, the proposed appointment and the election of Mr. Wang Guangqian as an independent non-executive director of the 12th session of the board of directors of the Company at the annual general meeting held on May 12, 2023. The appointment of Mr. Wang shall become effective upon the approval of his qualification as director from the National Financial Regulatory Administration being obtained. Unless the context requires otherwise, the capitalised terms used herein shall have the same meanings as those defined in the Announcement and the Circular.

The Board hereby announces that the Company has obtained the approval from the National Financial Regulatory Administration (Jin Fu [2023] No.142) recently, in which the qualification of Mr. Wang as the independent non-executive director of the Company was approved by the National Financial Regulatory Administration with effect from July 20, 2023. With effect from the same day, Mr. Wang also serves as a member of the audit and risk management committee of the Board and a member of the nomination and remuneration committee of the Board. The biography and the emolument information of Mr. Wang have been set out in the Announcement and the Circular.

With effect from July 20, 2023, Mr. Ouyang ceases to serve as an independent non-executive director, the chairman of the nomination and remuneration committee of the Board, a member of the strategy and investment committee of the Board and a member of the audit and risk management committee of the Board. Mr. Ouyang has confirmed that he has no disagreement with the Board and there are no matters in relation to his retirement that need to be brought to the attention of the Shareholders. With effect from the same day, Mr. Jin Li, an independent non-executive director of the 12th session of the Board, serves as the chairman of the nomination and remuneration committee of the Board and a member of the strategy and investment committee of the Board.