ZhongAn Online P & C Insurance Co., Ltd. announced that Mr. Gang Ji (" Mr. Ji ") has tendered his resignation as a non-executive Director and a member of the Audit and Consumer Rights Protection Committee, with effect from December 4, 2023, due to personal work arrangements. Mr. Ji has confirmed to the Board that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board hereby announces that, Mr. Yin has been re-designated from independent non-executive Director to non-executive Director with effect from December 4, 2023.

As the re-designation of Mr. Yin will result in the number of independent non-executive Directors being less than one-third of the members of the Board, the Company will nominate an independent non-executive Director and complete the election of the new independent non-executive Director in accordance with relevant laws and regulations and the articles of association of the Company as soon as possible and make a further announcement in a timely manner. The Board announces that the following changes in composition of the Board committees of the Company have been made with effect from December 4, 2023: Mr. Yaping Ou was re-designated as a member of the Strategy and Investment Decision Committee of the Company. Mr. Yin was appointed as the chairman of the Strategy and Investment Decision Committee of the Company, and he resigned as the chairman of the Risk Management and Related Transaction Control Committee and a member of the Audit and Consumer Rights Protection Committee.

Ms. Vena Wei Yan Cheng was appointed as the chairperson of the Risk Management and Related Transaction Control Committee of the Company. Mr. Ji resigned as a member of the Audit and Consumer Rights Protection Committee. Mr. Wei Ou was appointed as a member of the Audit and Consumer Rights Protection Committee.

Hai Yin, aged 50, is the Chairman, a non-executive Director of the Company, and is the chairman of the Strategy and Investment Decision Committee of the Company. Mr. Yin joined the Group in November 2022. Mr. Yin holds a bachelor ' s degree in English from Beijing Foreign Studies University and a master ' s degree in civil and commercial law from Peking University.

Mr. Yin was a trader in the trading department of Bank of China Head Office, a strategic analyst in the trading department of Bank of China Head Office, a head of foreign exchange trading in the Capital Market Department of Bank of China London Branch, a director of Huatai Asset Management Co., Ltd., a marketing director of Huatai Property & Casualty Insurance Co., Ltd., a general manager of Huatai Weiye Shanghai Insurance Brokerage Co., Ltd., a general manager of the Company, and the chairman of CreditEase Insurance Sales&Service (Beijing) Co., Ltd.