The board of directors (the "Board") of The People's Insurance Company (Group) of China Limited (the "Company") announced that Mr. Zhang Tao has obtained approval for his qualification as a supervisor of the Company from the China Banking and Insurance Regulatory Commission (the "CBIRC"). The appointment of Mr. Zhang Tao as a shareholder representative supervisor and chairman of the fourth session of the Board of Supervisors of the Company took effect from 15 February 2022. The appointment was approved by the Shareholders at the 2021 Third EGM convened on 29 December 2021.

The term of office of Mr. Zhang as a shareholder representative supervisor and chairman of the fourth session of the Board of Supervisors of the Company shall commence from 15 February 2022, being the date of the approval of his qualification by the CBIRC, until the expiry of the term of the fourth session of the Board of Supervisors of the Company, and he is eligible for re-election upon the expiry of the term.