PICC Property and Casualty Company Limited announced that at the EGM held on 8 August 2023, the following proposed resolutions were passed by way of poll. The Directors elected Mr. Wang Tingke as the Chairman of the Board. Mr. Lo Chung Hing retired as a Director and from his positions as members of the Board committees effective immediately after the conclusion of the EGM, and Mr. Lu Zhengfei retired as a Supervisor and from his position as a member of the special committee of the Supervisory Committee effective immediately after the conclusion of the EGM.

The EGM considered and approved the election of Mr. Li Weibin as an Independent Director of the 6th session of the Board of the Company with the term of office commencing from the date of the approval of the election by the general meeting and the approval of his qualification as a Director by the National Administration of Financial Regulation and ending upon the expiry of the term of the 6th session of the Board of the Company. The EGM considered and approved the election of Mr. Carson Wen as an External Supervisor of the 6th session of the Supervisory Committee of the Company with the term of office commencing from the date of the approval of the election by the general meeting and the approval of his qualification as a Supervisor by the National Administration of Financial Regulation and ending upon the expiry of the term of the 6th session of the Supervisory Committee of the Company. Meanwhile, in accordance with the resolutions passed at the Board meeting of the Company on 8 August 2023, the new compositions of the committees of the Board are as follows: Strategic Planning Committee: Chairman: Mr. Wang Tingke; Members: Mr. Yu Ze, Mr. Jiang Caishi, Mr. Li Tao, Mr. Qu Xiaobo.

Audit Committee: Chairman: Ms. Qu Xiaohui; Members: Mr. Li Tao, Mr. Cheng Fengchao, Mr. Wei Chenyang, Mr. Li Weibin. Nomination, Remuneration and Review Committee: Chairman: Mr. Cheng Fengchao; Members: Mr. Li Tao, Ms. Qu Xiaohui, Mr. Wei Chenyang, Mr. Li Weibin. Risk Management and Consumers' Rights and Interests Protection Committee (Assets and Liabilities Management and Investment Decision-making Committee): Chairman: Mr. Yu Ze; Members: Mr. Jiang Caishi, Mr. Zhang Daoming, Mr. Hu Wei, Mr. Cheng Fengchao, Mr. Wei Chenyang, Mr. Qu Xiaobo.

Related Party Transaction Control Committee: Chairman: Mr. Li Weibin; Members: Mr. Jiang Caishi, Mr. Zhang Daoming, Ms. Qu Xiaohui, Mr. Qu Xiaobo.