REG - China Pacific Insur. - Approval of Director's Appointment Qualification

China Pacific Insurance CoAnnouncement

21/07/2023 15:15

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RNS Number : 8487G  China Pacific Insurance Grp Co. Ltd  21 July 2023

21 July 2023

CHINA PACIFIC INSURANCE (GROUP) CO., LTD.

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

Approval of Director's Appointment Qualification

 

APPROVAL OF DIRECTOR'S APPOINTMENT QUALIFICATION

 

References are made to the notice of the 2022 AGM (the "Notice") of China
Pacific Insurance (Group) Co., Ltd. (the "Company" or "CPIC") dated 21 April
2023 and the announcement on poll results for the 2022 AGM of the Company
dated 26 May 2023. Capitalised terms used herein shall have the same meanings
as those defined in the Notice unless otherwise specified. The Company elected
Ms. LO Yuen Man, Elaine as an independent non-executive director of the
Company at the 2022 AGM held on 26 May 2023, with a term of office until the
expiry of the 9th Board of Directors of the Company, and her appointment
qualification is subject to the approval of the National Financial Regulatory
Administration (formerly known as the China Banking and Insurance Regulatory
Commission).

 

The Board is pleased to announce that the Company has recently received the
"Approval of appointment qualification of LO Yuen Man, Elaine of China Pacific
Insurance (Group) Co., Ltd." (Jin Fu  2023  No. 141) issued by the National
Financial Regulatory Administration. The National Financial Regulatory
Administration has approved the appointment qualification of Ms. LO Yuen Man,
Elaine as an independent director of the Company.

 

The term of office of Ms. LO Yuen Man, Elaine as an independent director of
the Company became effective on 18 July 2023.

 

Please refer to the Notice for the biographical details of Ms. LO Yuen Man,
Elaine.

 

RESIGNATION OF DIRECTOR

 

Reference is made to the announcement of the Company dated 24 March 2023 in
relation to the resignation of Mr. WOO Ka Biu, Jackson as an independent
non-executive director of the Company. The resignation of Mr. WOO from his
position as independent non-executive director and member of the Audit
Committee and the Risk Management and Related Party Transaction Control
Committee under the Board of the Company took effect from 18 July 2023. Mr.
WOO Ka Biu, Jackson has confirmed that he has no disagreement with the Board
of the Company and that there is no matter in respect of his resignation that
needs to be brought to the attention of the shareholders of the Company.

 

By Order of the Board of Directors

China Pacific Insurance (Group) Co., Ltd.

KONG Qingwei

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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