China Pacific Insurance subsidiary chairman resigns

China Pacific Insurance (Group) Co., Ltd. (SSE: 601601) announced that Gu Yue has resigned from his position as Chairman of the Board of Directors of its subsidiary, China Pacific Property Insurance Co., Ltd. (CPIC Property Insurance). The resignation, tendered on March 20, 2025, is attributed to Gu Yue's age and includes his roles as a director and head of the board's strategy and asset-liability management and consumer rights protection committee. The company expressed gratitude for Gu Yue's contributions during his tenure, citing his leadership in driving transformation, promoting business innovation, and establishing a sustainable growth model. The resignation is effective immediately upon receipt by the CPIC Property Insurance board, and the company will promptly initiate the process to elect a new chairman according to its articles of association.