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SHANGHAI - China Pacific Insurance (Group) Co., Ltd. (CPIC) announced the regulatory approval of Ms. CHEN Xin’s appointment as an Independent (LON:IOG) Non-executive Director, effective since Sunday, April 24, 2025. The approval, granted by the National Financial Regulatory Administration (NFRA), follows the election decision from the Extraordinary General Meeting (EGM) held on October 14, 2024.
The company elected Ms. CHEN Xin with her term aligned with the 10th Board of Directors’ tenure, contingent upon regulatory endorsement. The NFRA’s recent issuance of the "Approval of Appointment Qualification of CHEN Xin as Independent Director" marks the completion of this process.
In conjunction, CPIC also confirmed the resignation of Ms. LIU Xiaodan from her role as Independent Non-executive Director and chairwoman of the Nomination and Remuneration Committee under the Board, effective the same date. Ms. LIU Xiaodan’s departure was initially announced on August 29, 2024, and she has since verified that there are no unresolved disagreements with the Board, nor are there any concerns requiring shareholder or creditor attention.
The company’s leadership transition comes at a time when corporate governance and regulatory compliance remain in sharp focus for publicly listed entities. The introduction of Ms. CHEN Xin is expected to contribute to the Board’s diversity and independent oversight.
CPIC, headquartered in Shanghai, operates as a joint stock company with limited liability and is established under the laws of the People’s Republic of China. This announcement aligns with the company’s commitment to transparency and regulatory adherence, as outlined in the London Stock Exchange (LON:LSEG) news service RNS, which is authorized by the Financial Conduct Authority in the UK.
The information regarding the directorate changes is based on a press release statement from CPIC.
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