29
January 2024
CHINA PACIFIC INSURANCE
(GROUP) CO., LTD.
(A joint stock company
incorporated in the People's Republic of China with limited
liability)
Resignation of Chairman of
the Board
The board of directors (the "Board") of China Pacific Insurance
(Group) Co., Ltd. (the "Company") hereby announces that it
received the resignation of Mr. KONG Qingwei ("Mr. KONG"), the chairman of the Board,
recently. In light of his age, Mr. KONG resigned from his position
as executive director of the Company, and ceased to
serve as the chairman of the Board and the chairman of
the Strategic and Investment Decision-Making & ESG Committee of
the Board after the resignation took effect.
The resignation of Mr. KONG took effect upon
delivery to the Board on 26 January 2024. Mr. KONG has confirmed
that he has no disagreement with the Board and there are
no matters that need to be brought to the attention of
the shareholders and creditors of the
Company.
During the tenure of office, Mr.
KONG oversaw great progress at the Company,
focusing on the vision and goal of becoming "the leader of the
healthy and stable development of the industry", and initiated the
Company's strategic transformation 2.0 to promote the long-term and
steady development of the Company; promoted the Company's
successful issuance of GDRs while further optimizing corporate
governance; pioneered and innovated in the field of health care for
the elderly, achieving advanced breakthroughs, comprehensively
enhancing the capabilities of "insurance + service", and
encouraging a new focus on high-quality development for the
Company.
Mr. KONG adhered to
serving the nation strategies and the real economy through
financial services, and performed his duties with diligence and
dedication during his tenure of office. The Board would like to
express its sincere gratitude to Mr. KONG
for his outstanding contributions to the development of the
Company!
By Order
of the Board of Directors
China Pacific Insurance (Group) Co., Ltd.
FU Fan
Chairman
About CPIC
CPIC is a joint stock company
established under the laws of the People's Republic of China with
limited liability.
CPIC's registered office is located
at 1 South Zhongshan Road, Huangpu District, Shanghai, the People's
Republic of China.