PICC appoints Xu Xiang as non-executive director

The People's Insurance Company Group of China (PICC) announced the official appointment of Mr. Xu Xiang as a non-executive director, effective September 29, 2025. This follows the approval of his qualifications by the National Financial Regulatory Administration. Mr. Xu's term began on the date his qualifications were approved and his appointment became effective.

Mr. Xu Xiang's appointment was initially approved during the company's Fifth Board of Directors' Eighth Meeting on March 27, 2025. Subsequently, he was elected as a non-executive director at PICC's First Extraordinary General Meeting of Shareholders for 2025, held on April 29, 2025.

In addition to his directorial role, Mr. Xu Xiang will also serve as a member of both the Board's Risk Management and Consumer Rights Protection Committee and the Board's Nomination and Remuneration Committee. His detailed resume was published on the Shanghai Stock Exchange website on April 8, 2025. PICC extended a welcome to Mr. Xu Xiang on his joining the board.