PICC GROUP (01339.HK): Appoints Tan Jiong as Executive Director and Chairman

NewTimeSpace News: On 11 August 2026, People's Insurance Company (Group) of China Limited (stock code: 01339.HK) announced that its board of directors, convened by way of written resolutions from 3 to 11 August 2026, resolved to nominate Mr. Tan Jiong as a candidate for executive director of the fifth session of the board and to elect him as chairman of the fifth session of the board. Mr. Tan Jiong has been appointed as executive director and chairman of the Company.

The announcement stated that Mr. Tan Jiong's tenure as executive director and chairman commences from the date on which he is elected as executive director by the shareholders' meeting and his qualification is approved by the National Financial Regulatory Administration, and expires upon the end of the term of the fifth session of the board, with eligibility for re-election. Pursuant to the Company's articles of association, the chairman serves as chairman of the board's Strategy and Investment/Sustainability Committee; upon approval of his qualification by the National Financial Regulatory Administration, Mr. Tan Jiong will assume that role.

Mr. Tan Jiong, aged 60, is a member of the 14th National Committee of the Chinese People's Political Consultative Conference and a senior economist. He previously served as executive director and vice president of Industrial and Commercial Bank of China, member of the Party Leadership Group and vice governor of the People's Government of Guizhou Province, member of the Standing Committee of the CPC Guizhou Provincial Committee and head of its United Front Work Department, and vice chairman and president of China Development Bank. He also serves as a council member of the China Economic and Social Council and holds a doctoral degree in economics from Wuhan University. Mr. Tan Jiong does not receive any director's fee from the Company, and will receive remuneration based on his specific management position, including post salary, performance bonus and benefits.

The announcement further disclosed that Mr. Tan Jiong has not served as a director of any other listed company in the past three years, has no relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company, holds no interests in the Company's securities as of the date of this announcement, and has not been subject to any penalties by the China Securities Regulatory Commission or other relevant authorities or disciplinary actions by stock exchanges.

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