The board of directors of China Taiping Insurance Holdings Company Limited announced that Mr. WANG Sidong the current vice chairman, executive director and general manager of the Company, has been appointed as the chairman of the Board, chairman of the nomination committee and has been re-designated as the chairman of the corporate governance committee of the Company with effect from 30 October 2020. Following the appointment, Mr. WANG will cease to be the vice chairman and the general manager of the Company with effect from the same day. Mr. WANG will continue to hold the position of executive director, member of the remuneration committee and risk management committee of the Company and there is no matter relating to his cessation as the vice chairman and general manager of the Company that needs to be brought to the attention of the shareholders of the Company.