China Reinsurance proposes to abolish board of supervisors

China Reinsurance (Group) Corporation announced on November 13, 2025, a proposal to abolish its Board of Supervisors, following an earlier announcement on October 31, 2025, regarding amendments to its Articles of Association. This change, approved by the current Board of Supervisors, aims to align the company's structure with the Company Law of the People's Republic of China and other relevant regulations.

Upon the abolishment, the functions and powers previously held by the Board of Supervisors, as well as its special committees, will be transferred to the audit committee of the Board of Directors. All current members of the Board of Supervisors will cease their roles and related duties. Consequently, the Rules of Procedures of the Board of Supervisors and other related corporate governance systems will also be dissolved.

The proposed abolishment is contingent upon approval at a shareholders' general meeting and will become effective only after the revised Articles of Association receive clearance from the National Financial Regulatory Administration. Until these approvals are secured, the Board of Supervisors will continue to operate under its existing mandate.