The board of directors of China Taiping Insurance Holdings Company Limited announced that due to reaching the age of retirement, Mr. LI Jinfu has resigned as the Vice Chairman of the Board, an Executive Director, the General Manager and a member of each of the Remuneration Committee, Corporate Governance Committee and Risk Management Committee of the company with effect from January 25, 2018. The Board also announced that Mr. WANG Sidong has been appointed to fill the vacancy of Mr. LI as the Vice Chairman of the Board, an Executive Director, the General Manager and a member of each of the Remuneration Committee, Corporate Governance Committee and Risk Management Committee of the company with effect from January 25, 2018. Mr. WANG is not appointed for a specific term, but will retire at the annual general meeting of the company in 2018 pursuant to article 93 of the company's articles of association, at which time he will be eligible for re-election.