Ping An to Dissolve Its Supervisory Board Effective May 13

Deep News05-14 19:54

Ping An Insurance (Group) Company of China, Ltd. has announced that it recently received approval from the National Financial Regulatory Administration (NFRA) to amend its Articles of Association. The revised Articles will take effect on May 13, 2026, the date of the NFRA's approval.

According to the updated Articles of Association, effective May 13, 2026, the company will no longer maintain a Supervisory Board. The responsibilities and authorities of the Supervisory Board, as stipulated by the Company Law of the People's Republic of China, will be assumed by the Board of Directors' Audit and Risk Management Committee.

Consequently, Sun Jianyi, Zhu Xinrong, Liu Huaijing, Hong Jiaxi, and Wang Zhiliang will step down from their positions as supervisors of the company's 11th-term Supervisory Board.

The company expressed that its Supervisory Board has consistently fulfilled its duties diligently and faithfully, providing robust support for the company's standardized operations and high-quality development. Ping An extended its sincere gratitude to all previous Supervisory Boards and their supervisors for their significant contributions.

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