Mr. Zhang Tao, chairman of the board of supervisors of The People's Insurance Company (Group) of China Limited (the "Company"), tendered resignation as a shareholder representative supervisor, chairman of the board of supervisors of the Company (the "Board of Supervisors"), and chairman of the Duty Performance and Due Diligence Supervision Committee of the Board of Supervisors to the Board of Supervisors due to change of job assignments. The resignation took effect from 13 June 2022. Mr. Zhang Tao has confirmed that he has no disagreement with the board of directors and the Board of Supervisors, and there are no matters relating to his resignation that need to be brought to the attention of the shareholders, creditors and the insured persons of the Company.

The Company and the Board of Supervisors would like to express their sincere gratitude to Mr. Zhang Tao for his contributions to the Company during his tenure of service.