The board of directors of The People's Insurance Company (Group) of China Limited announced that, Ms. Cheng Yuqin, a non-executive director of the Company, has retired as a non-executive director of the Company and ceased to serve as her position as she has reached the statutory retirement age. The retirement takes effect from 3 August 2021. Ms. Cheng Yuqin has confirmed that she has no disagreement with the Board and there are no matters relating to her retirement that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the Company's other directors and the Company's shareholders.