People’s Insurance Company (Group) of China Limited (PICC Group) disclosed that the National Financial Regulatory Administration (NFRA) approved Mr. Tan Jiong’s qualification as Chairman of the Board, Executive Director, and Chairman of the Strategy and Investment/Sustainable Development Committee. The appointment took effect on 12 October 2026, the date of NFRA approval (document Jin Fu [2026] No. 551).
The company’s shareholders had already endorsed Mr. Tan’s nomination at the first extraordinary general meeting held on 28 August 2026. His current term will run until the end of the fifth session of the Board, with eligibility for re-election thereafter.
In line with PICC Group’s remuneration framework, Mr. Tan will not receive a separate director’s fee; compensation will be limited to his management-position emoluments, including post salary, performance bonus, and benefits.
Regulatory disclosures confirm that Mr. Tan: • Held no directorships in other listed companies during the past three years. • Has no relationships with directors, senior management, substantial or controlling shareholders of PICC Group. • Holds no shares or other securities interests in the company under Part XV of Hong Kong’s Securities and Futures Ordinance. • Has faced no disciplinary actions from the China Securities Regulatory Commission, other authorities, or stock exchanges.
Following the change, the Board comprises three executive directors (Tan Jiong, Zhao Peng, Xiao Jianyou), four non-executive directors (Xu Xiang, Wang Shaoqun, Yu Qiang, Song Hongjun) and five independent non-executive directors (Xu Lina, Wang Pencheng, Gao Pingyang, Jia Ruo, Yeung Cheung Ying).
The company formally welcomed Mr. Tan to his expanded leadership role in an announcement dated 13 October 2026.
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