China Pacific Insurance (Group) Co., Ltd. at the meeting of the Boardon 11 December 2023 agreed to appoint Mr. ZHAO Yonggang ("Mr. ZHAO") as the president of the Company, and his appointment qualification is subject to the approval of the NAFR. The Company announced that the Company recently received the "Approval of Appointment Qualification of ZHAO Yonggang of China Pacific Insurance (Group) Co., Ltd." (Jin Fu [2024] No. 49) issued by the NAFR.

The NAFR approved the appointment qualification of Mr. ZHAO as the president of the Company. The term of office of Mr. ZHAO as the president of the Company shall commence on 26 January 2024 and end upon expiry of the current session of the Board. Mr. ZHAO Yonggang, born in November 1972, currently serves as president of the Company.

Mr. ZHAO served as head of the Party and Masses Affairs Department of the Company, director of the Strategic Transformation Office of China Pacific Life Insurance Co., Ltd.("CPIC Life"), general manager of Heilongjiang Branch and Henan Branch, chairman of the Trade Union and human resources director of CPIC Life, chairman of the Trade Union and vice president of the Company, and vice chairman of the supervisory committee and director of Haitong Securities Co., Ltd. listed on the Shanghai Stock Exchange("SSE") and The Stock Exchange of Hong Kong Limited ("SEHK") (SSE stock code: 600837, SEHK stock code: 06837). Mr. ZHAO holds a bachelor's degree.