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

China Pacific Insurance CoAnnouncement

19/02/2024 07:00

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RNS Number : 5200D  China Pacific Insurance Grp Co. Ltd  18 February 2024

18 February 2024

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 EGM (the "Notice") of China Pacific
Insurance (Group) Co., Ltd. (the "Company" or "CPIC") dated 9 November 2023
and the announcement dated 27 November 2023 on poll results for the EGM of the
Company. Capitalised terms used herein shall have the same meanings as those
defined in the Notice unless otherwise specified. The Company elected Mr. CHIN
Hung I David as an Independent Non-executive Director of the Company at the
EGM held on 27 November 2023, with a term of office until the expiry of the
9th Board of Directors of the Company, and his appointment qualification is
subject to the approval of the National Administration of Financial Regulation
(the "NAFR").

 

The Company is pleased to announce that the Company has recently received the
"Approval of Appointment Qualification of CHIN Hung I David of China Pacific
Insurance (Group) Co., Ltd." (Jin Fu  2024  No. 67) issued by the NAFR. The
NAFR has approved the appointment qualification of Mr. CHIN Hung I David as an
Independent Director of the Company. The term of office of Mr. CHIN Hung I
David as an Independent Director of the Company became effective on 8 February
2024.

 

Please refer to the Notice for the biographical details of Mr. CHIN Hung I
David.

RETIREMENT OF DIRECTOR

 

Reference is made to the announcement of the Company dated 27 October 2023 in
relation to the resignation of Mr. CHEN Jizhong as an Independent
Non-executive Director of the Company. The retirement of Mr. CHEN Jizhong from
his position as Independent Non-executive Director, chairman of the Risk
Management and Related Party Transaction Control Committee and member of the
Nomination and Remuneration Committee under the Board of the Company took
effect from 8 February 2024. Mr. CHEN Jizhong has confirmed that he has no
disagreement with the Board of the Company and that there is no matter in
respect of his retirement that needs to be brought to the attention of the
shareholders and creditors of the Company.

 

 

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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