The board of directors of China Pacific Insurance (Group) Co., Ltd. announced that it received the resignation of Mr. KONG Qingwei ("Mr. KONG"), the chairman of the Board, recently. In light of his age, Mr. KONG resigned from his position as executive director of the Company,and ceased to serve as the chairman of the Board and the chairman of the Strategic and Investment Decision-Making & ESG Committee of the Board after the resignation took effect.