People's Insurance Group appoints new non-executive director Xu Xiang

Mr. Xu Xiang has officially taken up his role as a non-executive director of The People's Insurance Company (Group) of China Limited, effective from September 29, 2025. This appointment follows approval of his qualification by the National Financial Regulatory Administration, and prior approval by shareholders at the 2025 first extraordinary general meeting held on April 29, 2025.

Mr. Xu's term will run until the expiry of the fifth session of the board, with eligibility for re-election. He will also serve on the risk management & consumers' rights and interests protection committee and the nomination and remuneration committee of the board. Notably, Mr. Xu will not receive any director's fees or emoluments from the company for this role.

The company confirmed that Mr. Xu holds no other directorships in listed companies, major appointments, or positions within the company or its subsidiaries, and has no relationships with directors, management, or substantial shareholders. He also has no interests in company securities and has not faced any regulatory penalties or disciplinary actions.