China Pacific Insurance subsidiary chairman appointment approved

China Pacific Insurance (Group) Co., Ltd. (SSE: 601601) announced that the China Banking and Insurance Regulatory Commission (CBIRC) has approved Zhao Yonggang as Chairman of its subsidiary, China Pacific Life Insurance Co., Ltd. Mr. Zhao was previously elected as a director during the subsidiary's 2024 third extraordinary general meeting and subsequently appointed as Chairman by the eighth board of directors. The CBIRC's approval, documented in JinFu [2024] No. 856, confirms Mr. Zhao's eligibility to lead China Pacific Life Insurance. This announcement, dated December 28, 2024, follows internal corporate governance procedures and regulatory review.