Ping An announces new independent non-executive directors and board committee changes

Ping An Insurance (Group) Company of China, Ltd. announced on October 15, 2025, the appointment of Hong Xiaoyuan, Song Xianzhong, and Chen Xiaofeng as new independent non-executive directors. These appointments follow approval from the National Financial Regulatory Administration and are effective from the date of approval. Concurrently, Wu Chengye, Chu Yiyun, and Liu Hong stepped down from their roles as independent non-executive directors and related committee memberships. The company expressed gratitude for their contributions.

Following these changes, the composition of the board's specialized committees has been adjusted. Jin Li will chair the Nomination and Remuneration Committee, with Wang Guangqian, Wu Gangping, Hong Xiaoyuan, and Song Xianzhong as members. The Audit and Risk Management Committee will be led by Wu Gangping, with Yang Xiaoping, Wang Guangqian, Hong Xiaoyuan, and Song Xianzhong as members. Wang Guangqian will chair the Connected Transactions Control and Consumer Rights Protection Committee, joined by Wu Gangping, Jin Li, Cai Fangfang, and Chen Xiaofeng. Lastly, Ma Mingzhe will chair the Strategic and Investment Decision Committee, with Yang Xiaoping, He Jianfeng, Jin Li, and Chen Xiaofeng as members.

The newly appointed independent non-executive directors have affirmed their compliance with independence regulations, clarity of responsibilities, and commitment to diligently serve the company and its shareholders.