China Reinsurance proposes major articles of association changes

China Reinsurance (Group) Corporation announced that Liu Yuanzhang will cease to serve as assistant to president, board secretary, and joint company secretary due to work rearrangement, effective October 31, 2025. Ng Sau Mei will remain as the sole company secretary.

The company also proposed significant amendments to its articles of association, which will take effect upon approval by the insurance regulatory authority and a special resolution at the shareholders' general meeting. Key changes include updates to align with the Company Law of the People’s Republic of China, which came into effect on July 1, 2024. These involve provisions related to shares, shareholders' meetings, the board's functions, and director and senior management qualifications.

Additionally, the company will no longer maintain a board of supervisors, with its functions transferred to the board's audit committee. Other adjustments include revised regulatory requirements for the chief compliance officer and corporate guarantees, and the deletion or amendment of provisions regarding financial assistance for share purchases.