On November 28, CHINA RE announced that the proposal to amend its articles of association has been officially approved by shareholders at the 2025 First Extraordinary General Meeting. The full text of the proposal can be found in the circular. The amended articles of association will take effect upon approval by the insurance regulatory authority. Until such approval is granted, the current articles of association remain valid.

Additionally, the proposal to abolish the Board of Supervisors has been officially approved by shareholders at the 2025 First Extraordinary General Meeting. The full text of the proposal is available in the circular. The abolition of the Board of Supervisors will take effect on the date when the amended articles of association approved at the 2025 First Extraordinary General Meeting receive regulatory approval.

Upon formal abolition, the Audit Committee of the Board of Directors will assume the responsibilities of the Board of Supervisors as stipulated by the Company Law and other relevant regulations. The specialized committees under the Board of Supervisors will be dissolved, and current members will no longer hold supervisory roles. Governance documents such as the "CHINA RE (Group) Corporation Rules of Procedure for the Board of Supervisors" will be repealed. Until then, the Board of Supervisors will continue to exercise its statutory duties under the Company Law and the current articles of association.