PICC GROUP (01339): Tan Jiong appointed as executive director and chairman of the board.

PICC GROUP (01339) announced that the board of directors has resolved to pass the proposals for the nomination of Mr. Tan Jiong as a candidate for executive director of the fifth board of directors and for the election of Mr. Tan Jiong as the chairman of the fifth board of directors. In accordance with the resolution passed by the board of directors, the board is pleased to announce that Mr. Tan Jiong has been appointed as the executive director and chairman of the fifth board of directors of the company. Mr. Tan Jiong's term as executive director and chairman commences from the date of his election as executive director at the company's shareholder meeting and following the approval of his qualifications by the National Financial Regulatory Administration, until the expiry of the term of the fifth board of directors, with the option for re-election upon term expiry. According to the company's articles of association, the chairman serves as the director of the board's Strategy and Investment/Sustainable Development Committee. Once Mr. Tan Jiong's qualifications are approved by the National Financial Regulatory Administration, he will also serve as the chairman of the board's Strategy and Investment/Sustainable Development Committee.