REG - China Pacific Insur. - Announcement relating to election and appointment

China Pacific Insurance CoAnnouncement

29/02/2024 14:15

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RNS Number : 0201F  China Pacific Insurance Grp Co. Ltd  29 February 2024

29 February 2024

CHINA PACIFIC INSURANCE (GROUP) CO., LTD.

(A joint stock company incorporated in the People's Republic of China with
limited liability)

Election of Directors and Shareholder Representative Supervisors, Appointment
of Chairman and Vice Chairman of The Board of Directors, President and the
Members of the Special Committees of the 10th Session of the Board of
Directors

Reference is made to the announcement on the poll results of the extraordinary
general meeting (the "EGM") of China Pacific Insurance (Group) Co., Ltd. (the
"Company") dated 29 February 2024.

ELECTION OF DIRECTORS OF THE 10TH SESSION OF THE BOARD OF DIRECTORS

Through the votes of the shareholders of the Company at the EGM, the election
and re-election of all the director candidates of the 10th session of the
board of directors of the Company (the "Board of Directors") were duly
approved by the shareholders of the Company. According to the relevant
regulatory requirements, the appointment of each of Mr. FU Fan, Mr. HUANG
Dinan, Mr. WANG Tayu, Mr. CHEN Ran, Mr. ZHOU Donghui, Ms. LU Qiaoling, Mr.
John Robert DACEY, Ms. LIU Xiaodan, Ms. LAM Tyng Yih, Elizabeth, Ms. LO Yuen
Man, Elaine, Mr. CHIN Hung I David and Mr. JIANG Xuping as a director of the
10th session of the Board of Directors took effect on the date of the EGM. The
appointment qualification of Mr. ZHAO Yonggang is still subject to the
approval by the National Administration of Financial Regulation (the "NAFR").

The biographical details of the above directors were set out in the notice of
the Company dated 5 February 2024.

The term of office of Mr. WU Junhao, being a director of the 9th session of
the Board of Directors, has expired. The Company would like to thank Mr. WU
Junhao for his contributions to the Company made during his period of service.

ELECTION OF SHAREHOLDER REPRESENTATIVE SUPERVISORS OF THE 10TH SESSION OF THE
BOARD OF SUPERVISORS

Through the votes of shareholders of the Company at the EGM, the election and
re-election of all the shareholder representative supervisor candidates of the
10th session of the board of supervisors of the Company (the "Board of
Supervisors") were duly approved by the shareholders of the Company. According
to the relevant regulatory requirements, the appointment of Mr. ZHU Yonghong
as a shareholder representative supervisor of the 10th session of the Board of
Supervisors took effect on the date of the EGM. The appointment of Mr. YUE Lin
is still subject to the approval by the NAFR.

The biographical details of the above supervisors were set out in the notice
of the Company dated 5 February 2024.

The term of office of Mr. LU Ning, being a shareholder representative
supervisor of the 9th session of the Board of Supervisors, has expired. The
Company would like to thank Mr. LU Ning for his contributions to the Company
made during his period of service.

Until the completion of the election of the new session of the Board of
Supervisors, the ninth session of the Board of Supervisors is still required
to perform its duties in accordance with relevant laws and regulations as well
as the provisions of the Articles of Association.

APPOINTMENT OF CHAIRMAN, VICE CHAIRMAN OF THE BOARD OF DIRECTORS AND PRESIDENT

The Company is pleased to announce that the first meeting of the 10th session
of the Board of Directors was held on 29 February 2024. At the meeting, Mr. FU
Fan was elected as the Chairman of the Board of Directors, Mr. HUANG Dinan was
elected as the Vice Chairman of the Board of Directors, and Mr. ZHAO Yonggang
was appointed as President.

APPOINTMENT OF THE MEMBERS OF THE SPECIAL COMMITTEES OF THE 10TH SESSION OF
THE BOARD OF DIRECTORS

The Board of Directors herby announces that the Audit Committee has been
renamed to Audit and Related Party Transaction Control Committee and Risk
Management and Related Party Transaction Control Committee has been renamed to
Risk Management Committee.

The 10th session of the Board of Directors has five committees, namely the
Strategic and Investment Decision-Making & ESG Committee, the Audit and
Related Party Transaction Control Committee, the Nomination and Remuneration
Committee, the Risk Management Committee and the Technological Innovation and
Consumer Rights Protection Committee. The composition of each  committee is
as follows:

Strategic and Investment Decision-Making & ESG Committee

Chairman: FU Fan (Executive Director)

Other members: CHIN Hung I David (Independent Non-executive Director)

HUANG Dinan (Non-executive Director)

LU Qiaoling (Non-executive Director)

John Robert DACEY (Non-executive Director)

Audit and Related Party Transaction Control Committee

Chairman: LAM Tyng Yih, Elizabeth (Independent Non-executive Director)

Other members: LO Yuen Man, Elaine (Independent Non-executive Director)

ZHOU Donghui (Non-executive Director)

JIANG Xuping (Independent Non-executive Director)

Nomination and Remuneration Committee

Chairman: LIU Xiaodan (Independent Non-executive Director)

Other members: WANG Tayu (Non-executive Director)

CHIN Hung I David (Independent Non-executive Director)

JIANG Xuping (Independent Non-executive Director)

Risk Management Committee

Chairman: ZHAO Yonggang (Executive Director)

Other members: WANG Tayu (Non-executive Director)

LAM Tyng Yih, Elizabeth (Independent Non-executive Director)

LO Yuen Man, Elaine (Independent Non-executive Director)

Technological Innovation and Consumer Rights Protection Committee

Chairman: JIANG Xuping (Independent Non-executive Director)

Other members: CHEN Ran (Non-executive Director)

ZHOU Donghui (Non-executive Director)

ZHAO Yonggang (Executive Director)

 

 

 

 

By Order of the Board of Directors

China Pacific Insurance (Group) Co., Ltd.

FU Fan

Chairman

 

 

About CPIC

CPIC is a joint stock company established under the laws of the People's
Republic of China with limited liability.

CPIC's registered office is located at 1 South Zhongshan Road, Huangpu
District, Shanghai, the People's Republic of China.

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