The board of directors of China Taiping Insurance Holdings Company Limited announced that Mr. HONG Bo ("Mr. HONG") and Mr. XIAO Xing ("Mr. XIAO") have been appointed as executive Directors with effect from 29 June 2020. Mr. HONG Bo, aged 49, has been a deputy general manager of the Company since 2016. Mr. HONG is an executive director of China Taiping Insurance Group Ltd. ("TPG") and China Taiping Insurance Group (HK) Company Limited ("TPG (HK)") and has been the deputy general manager of TPG and TPG (HK) since 2016. Mr. HONG is also the chairman of the subsidiaries abroad such as China Taiping Insurance (HK) Company Limited, Taiping Reinsurance Company Limited and China Taiping Life Insurance (Hong Kong) Company Limited, etc. and a director of Taiping Life Insurance Company Limited ("TPL"), Taiping General Insurance Company Limited ("TPI"), Taiping Pension Company Limited ("TPP"). Mr. HONG is also a director of Asian Financial Cooperation Association and a vice chairman and director of The Hong Kong Chinese Enterprises Association. Mr. XIAO Xing, aged 48, has been a deputy general manager of the Company since 2017. Mr. XIAO is an executive director of TPG and TPG (HK) and has been the deputy general manager of TPG and TPG (HK) since 2018. Mr. XIAO is also the chairman of Taiping Financial Operating Service (Shanghai) Co. Ltd. and Taiping Financial Services Co. Ltd. and a director of TPL, TPI, TPP and Taiping Asset Management Company Limited ("TPAM"). Mr. XIAO has been the chairman of TPI and the general manager of TPAM. Mr. XIAO has also been the general manager of China Life Insurance Company Limited Shanghai Branch, chairman of the board of supervisors of China Life Insurance (Overseas) Company Limited and the chairman of China Life Trustees Limited.