The board of directors of China Taiping Insurance Holdings Company Limited announced that Mr. YANG Changgui (Mr. YANG), due to reaching the age of retirement, has resigned as a non-executive director and a member of the remuneration committee of the Company with effect from 24 August 2023. Mr. YANG 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.