The board of directors of The People's Insurance Company (Group) of China Limited announced that it has received the resignation report of Mr. TANG Zhigang, an executive director, the vice-president, the secretary to the Board. Due to work arrangements, Mr. TANG Zhigang has tendered his resignation as an executive director, the vice-president, the chairman of Risk Management Committee and the member of Relation Party Transaction Control Committee. Mr. TANG Zhigang's resignation is effective on 20 January 2020. According to the Listing Rules of Shanghai Stock Exchange and other relevant regulations, before the Company appoints a new secretary to the Board and his qualification is approved by the China Bank and Insurance Regulatory Commission and has obtained the qualification certificate of the Secretary to the Board of Shanghai Stock Exchange, Mr. Li Zhuyong, the vice-president of the Company, will act as the secretary to the Board of the Company. The Company will appoint a new secretary to the Board as soon as possible in accordance with relevant regulations and make an announcement in a timely manner.