The board of directors of Target Insurance (Holdings) Limited announced that Mr. Rui Yuanqing ("Mr. Rui") has resigned as an executive Director with effect from 4 August 2021. Following the resignation of Mr. Rui, he ceased to be a member of the remuneration committee and risk committee of the Board with effect from 4 August 2021. Mr. Rui has confirmed that his resignation is due to his intention to devote more time to his personal endeavours, and that he has no disagreement with the Board and there is no matter relating to his resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.