The board of directors of The People's Insurance Company (Group) of China Limited announced that Mr. Zhao Peng ("Mr. Zhao") has obtained the approval of his qualification as the Executive Director and Vice Chairman. The aforementioned appointment took effect from 8 November 2023. As disclosed in the Announcement, the appointment of Mr. Zhao as an executive Director and Vice Chairman of the Company shall become effective from the date of approval of his appointment as an executive Director by the general meeting of the Company and obtaining the approval of his qualification as a Director from National Administration of Financial Regulation.

The Company held the 2023 Second EGM on 4 September 2023, in which Mr. Zhao was elected as an executive Director of the fourth session of the Board of the Company. The Company recently received the approval of the qualification of Mr. Zhao as a Director of the Company from National Administration of Financial Regulation (Jin Fu [2023] No. 441).

Accordingly, the appointment of Mr. Zhao as an executive Director, the Vice Chairman and a member of the Strategy and Investment Committee of the Board of the Company became effective on 8 November 2023, being the date of approval of his qualification as a Director.