The board of directors of Sunshine Insurance Group Company Limited announced that, due to the adjustment of work arrangement, Mr. Nie Rui has ceased to act as the joint company secretary of the Company and has also ceased to act as the authorized representative of the Company (the Authorized Representative) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange (the Stock Exchange) of Hong Kong Limited (the Listing Rules) with effect from January 10, 2024. Mr. Nie Rui has no disagreement with the Board, and there are no matters in relation to his retirement that need to be brought to the attention of the shareholders of the Company and the Stock Exchange. The Board further announced that, Mr. Shu Gaoyong (Mr. Shu) has been appointed as the joint company secretary and the Authorized Representative of the Company with effect from January 10, 2024, and he will jointly perform the duties of company secretary with Mr. Lau Kwok Yin (Mr. Lau), who is currently the other joint company secretary of the Company.

The biographical details of Mr. Shu and Mr. Lau are as follows: Mr. Shu Gaoyong, aged 49, joined the Company in July 2021 and has been serving as the head of securities affairs of the Company since joining the Company. Prior to joining the Company, from June 2016 to January 2021, Mr. Shu held various positions including vice president, secretary to the board of directors and director of Oceanwide Holdings Co. Ltd. From December 2014 to May 2016, Mr. Shu served as the deputy director and secretary of the Disciplinary Committee of the Shanghai Bureau of the former China Insurance Regulatory Commission.

From August 1999 to December 2014, Mr. Shu held various positions including deputy division director, division director and deputy director of the Policy and Regulation Department, the Development and Reform Department and the Policy Research Office of the former China Insurance Regulatory Commission. Mr. Shu obtained a Bachelor's Degree from Shanghai University of Finance and Economics in July 1996, majoring in Investment Economics Management, a Master's Degree from Renmin University of China in July 1999, majoring in Finance, and a Doctorate Degree from Renmin University of China in July 2008, majoring in Finance. Mr. Shu was granted the certificate of Certified Public Accountant by the Ministry of Finance of the PRC.

Mr. Lau Kwok Yin, aged 38, was appointed as the joint company secretary of the Company in April 2022. Mr. Lau has more than 13 years' experience in corporate secretarial services, finance and banking operations. Mr. Lau is currently serving as the company secretary or joint company secretary of several companies listed on the Main Board of the Stock Exchange.

He is a vice president of SWCS Corporate Services Group (Hong Kong) Limited. Mr. Lau obtained a Bachelor's Degree in Business Administration (Accounting and Finance) from the University of Hong Kong in 2007. He is a member of the Hong Kong Institute of Certified Public Accountants, a Chartered Financial Analyst Charterholder and a fellow of each of The Chartered Governance Institute and the Hong Kong Chartered Governance Institute (previously known as The Hong Kong Institute of Chartered Secretaries).