The board of Sunshine Insurance Group Company Limited approved the establishment of a co-chief executive officers (Co-CEOs) mechanism on March 29, 2023, which is designated to effectively enhance collective decision-making of the executive committee and continuously improve the Company's management and execution capabilities. At the same time, Mr. LI Ke and Mr. PENG Jihai are appointed as Co-CEOs. Among them, Mr. LI Ke is mainly responsible for the operation and management of the Group's overall insurance business, technology innovation and other functional segments, and also performs the duties as general manager, while Mr. PENG Jihai is mainly responsible for the management of the Group's investment, asset management and relevant non-insurance business segments.

Under the direction or authorization of Chairman/CEO of the Company, the Co-CEOs will preside over the management of respective business segments.