The board of directors of Ping An Insurance (Group) Company of China Ltd. has received a letter from Mr. Yao Jason Bo. Mr. Yao tendered his resignation as a Co-Chief Executive Officer of the Company due to personal and family reasons on April 26, 2023. Mr. Yao has confirmed that he has no disagreement with the Board or the supervisory committee of the Company, nor was there any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.