PICC Property and Casualty announces director Yu Ze's resignation

PICC Property and Casualty Company Limited announced today the resignation of Mr. Yu Ze from his positions as an executive director, vice chairperson of the board, president, and various committee memberships, effective December 9, 2025. Mr. Yu's departure is due to his personal cessation of duties.

The company confirmed that Mr. Yu Ze has no disagreements with the board and there are no other matters related to his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited, other directors, or shareholders. PICC Property and Casualty also stated that this resignation will not impact the normal operations or functioning of the board.

As of the announcement date, the board of the company includes Ms. Ding Xiangqun (non-executive director), executive directors Mr. Jiang Caishi, Mr. Zhang Daoming, and Mr. Hu Wei, and independent directors Mr. Cheng Fengchao, Mr. Wei Chenyang, Mr. Li Weibin, Mr. Qu Xiaobo, and Ms. Xue Shuang.