PICC Property & Casualty : CHANGE OF COMPANY SECRETARY AND PROCESS AGENT

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(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2328)

CHANGE OF COMPANY SECRETARY AND PROCESS AGENT

The board of directors (the "Board") of PICC Property and Casualty Company Limited (the "Company") announces that due to her personal reason, Ms. Man Kam Ching ("Ms. Man") ceased to act as (i) the company secretary of the Company (the "Company Secretary"); and (ii) an authorised representative of the Company for accepting service of process and notices in Hong Kong on its behalf under Rule 19A.13(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent") with effect from 1 January 2019. Ms. Man has confirmed that she has no disagreement with the Board and there is no matter in relation to her cessation that needs to be brought to the attention of the shareholders of the Company.

The Board announces that Ms. Ko Mei Ying ("Ms. Ko") has been appointed as the Company Secretary and the Process Agent with effect from 1 January 2019.

The Board would like to take this opportunity to express its gratitude to Ms. Man for her contribution to the Company during her tenure of services and extend its welcome to Ms. Ko in taking up her appointment.

By Order of the Board

Zou Zhihong

Secretary of the Board

Beijing, the PRC, 2 January 2019

As at the date of this announcement, the Chairman of the Board is Mr. Miao Jianmin (executive director), the Vice Chairman is Mr. Lin Zhiyong (executive director), the non-executive directors are Mr. Xie Yiqun and Mr. Li Tao, and the independent non-executive directors are Mr. Lin Hanchuan, Mr. Lo Chung Hing, Mr. Na Guoyi, Mr. Ma Yusheng, Mr. Chu Bende and Ms. Qu Xiaohui.