The board of directors of China Taiping Insurance Holdings Company Limited announced that Mr. XIAO Xing, due to personal reason, has resigned as an executive director, deputy general manager, a member of the corporate governance committee and a member of the risk management committee of the Company with effect from 18 July 2023. Mr. XIAO has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.