Company Announcements

30 October 2024

CHINA PACIFIC INSURANCE (GROUP) CO., LTD.

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

Appointment of Vice President and Change of Finance Responsible Person

The board of directors (the "Board") of China Pacific Insurance (Group) Co., Ltd. (the "Company" or "CPIC") announced that the Board passed a resolution on 30 October 2024, agreeing to appoint Mr. SU Gang ("Mr. SU") as the vice president and the finance responsible person of the Company, for a term until the conclusion of the term of the current session of the Board. The appointment qualification of Mr. SU as the vice president and finance responsible person of the Company is subject to approval by the regulatory authorities. Prior to the approval of the appointment qualification of Mr. SU as the finance responsible person, Mr. SU was appointed as the provisional finance responsible person of the Company.

Due to work arrangement, Mr. ZHANG Yuanhan ("Mr. ZHANG") ceased to serve as the finance responsible person of the Company. Mr. ZHANG will continue to serve as the chief actuary of the Company. Mr. ZHANG has confirmed that he has no disagreement with the Board and there is no other matter in relation to his work arrangement that needs to be brought to the attention of the shareholders and creditors of the Company.

Biographical details of Mr. SU are as follows:

Mr. SU Gang, born in September 1973, currently serves as chief investment officer of the Company, chairman of CPIC Capital and director of CPIC AMC and Changjiang Pension. Previously, Mr. SU served as head of the Investor Relations Department of the Company, head of project investments, deputy general manager & general manager of the Alternative Investment Management Centre of CPIC AMC, deputy general manager of CPIC Life, general manager and chairman of Changjiang Pension. Before joining the Company, Mr. SU served as general manager of the Fixed Income Department and deputy general manager of the Investment Banking Headquarters of Shenyin Wanguo Securities Company.

Mr. SU holds a PhD degree.

By Order of the Board of Directors

China Pacific Insurance (Group) Co., Ltd.

FU Fan

Chairman

This announcement contains inside information for the purposes of Article 7 of the UK version of the Market Abuse Regulation (EU) 596/2014.

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.