China Pacific Insurance (Group) Co., Ltd. at the meeting of the board of directors on 11 December 2023 agreed to appoint Mr. FU Fan ("Mr. FU") as the chairman of the Board, and his appointment qualification is subject to the approval of the National Administration of Financial Regulation ("NAFR"). The Company announced that the Company recently received the "Approval of Appointment Qualification of FU Fan of China Pacific Insurance (Group) Co., Ltd." (Jin Fu [2024] No. 50) issued by the NAFR.

The NAFR approved the appointment qualification of Mr. FU as the chairman of the Board. The term of office of Mr. FU as the chairman of the Board shall commence on 26 January 2024 and end upon expiry of the current session of the Board. Mr. FU Fan, born in October 1964, currently serves as chairman and executive director of the Company, director of Pacific Asset Management Co., Ltd. Previously, Mr. FU served as president of the Company, deputy general manager of Shanghai Investment Corporation, deputy general manager of China International Fund Management Co., Ltd., general manager and vice chairman of Shanghai International Trust Co., Ltd., chairman of Shanghai State-owned Assets Operation Co., Ltd., and director and general manager of Shanghai International Group Co., Ltd. Mr. FU holds a master's degree.