The board of directors of Target Insurance (Holdings) Limited announced that Mr. Chen Shenglong has been appointed as an executive Director with effect from 7 September 2023. Mr. Chen Shenglong, who is of Han ethnicity, aged 35, obtained a bachelor's degree in economics. Mr. Chen has many years of senior management experiences in sizable corporation, and has participated in PRC IPO projects.

He obtained the secretary of board of directors' qualification certificate issued by the Shenzhen Stock Exchange. Mr. Chen has served as director and secretary of the board of directors of a large corporation in PRC for many years, and was responsible for the company's IPO, internal audit, legal compliance, external investment and other related works. Mr. Chen has participated in the investment or management of insurance brokerage, wealth management, film and television media and other businesses.