PICC Property and Casualty Company Limited (PICC P&C) has circulated the proxy form for its Annual General Meeting scheduled for 25 June 2026 at 10:30 a.m. in the PICC Building, Xichang’an Street, Beijing. Shareholders may appoint the meeting chairman or another representative to vote on 16 resolutions, with completed proxy forms to be lodged no later than 24 hours before the meeting.
Key ordinary resolutions:
1. 2025 Performance Review: Shareholders will consider the Board of Directors’ 2025 report, the audited financial statements and final accounts to 31 December 2025, and the accompanying profit-distribution proposal.
2. 2026 Budget and Capital: A fixed-asset investment budget for 2026 is up for approval, alongside a three-year Capital Planning Outline covering 2026-2028.
3. Auditor Mandate: Ernst & Young is nominated to remain international auditor and Ernst & Young Hua Ming LLP as domestic auditor for 2026, with a combined audit and interim review fee ceiling of RMB19.50 million.
4. Board Composition: Eleven director positions will be filled for the seventh board term. • Executive directors: Mr. Zhang Daoming, Mr. Lyu Chen (subject to regulatory approval) and Mr. Hu Wei. • Non-executive director: Mr. Gong Xinyu (subject to regulatory approval). • Independent directors: Mr. Cheng Fengchao, Mr. Wei Chenyang, Mr. Li Weibin, Mr. Qu Xiaobo and Ms. Xue Shuang. Terms for Messrs. Cheng and Wei conclude after six years of service; others end with the expiry of the seventh board term.
Special resolution:
• Amendments to the “Plan on Authorisation to the Board of Directors by the General Meeting” will be tabled for shareholder approval.
Attendance logistics:
Shareholders or their proxies must present identification at the venue. Those unable to attend in person may submit notarised proxy documents to the company’s administrative department (for domestic shares) or to Computershare Hong Kong Investor Services Limited (for H shares). Failure to lodge a proxy form does not preclude personal attendance and voting rights at the meeting.