PICC to elect new directors, review 2023 remuneration

The People's Insurance Company (Group) of China Limited (HKEX: 1339) announced it will convene its 2025 first EGM on April 29, 2025, in Beijing. Shareholders will vote on the election of Mr. Xu Xiang as a non-executive Director, Ms. Yeung Cheung Ying and Mr. Jia Ruo as independent non-executive Directors, all for the fifth session of the Board. The EGM will also address the remuneration scheme for the company's directors and supervisors for the year 2023. According to the announcement, executive directors' remuneration and welfare was calculated on an annual basis, which included term incentive income, where Mr. Wang Tingke received RMB691 thousand, Mr. Zhao Peng received RMB115.5 thousand. The independent directors basic remuneration is RMB250,000 per person per year. The company has set a record date of April 29, 2025 to determine holders of H Shares entitled to vote at the EGM.