PICC Property and Casualty Company Limited (PICC P&C) reported that Ms. Ding Xiangqun has resigned from all her roles within the Board—non-executive director, chairperson of the Board, and chairperson of the Strategic Planning Committee/Sustainable Development Committee—due to a job transfer. Her resignation became effective on 31 May 2026.

According to the company, Ms. Ding confirmed she has no disagreements with the Board and is unaware of any matters that require notification to The Stock Exchange of Hong Kong Limited, other directors, or shareholders.

During her tenure, Ms. Ding guided PICC P&C in implementing China’s national financial strategies, advancing “technology finance, green finance, inclusive finance, elderly care finance and digital finance,” and steering the insurer through the closing phase of its 14th Five-Year Plan while laying the groundwork for the 15th Five-Year Plan.

The Board expressed appreciation for Ms. Ding’s contribution and reaffirmed its commitment to maintaining stability and progressing toward becoming a globally leading property and casualty insurer. The current Board now comprises executive directors Mr. Zhang Daoming and Mr. Hu Wei, employee (non-executive) director Ms. Li Ling, and independent directors Mr. Cheng Fengchao, Mr. Wei Chenyang, Mr. Li Weibin, Mr. Qu Xiaobo and Ms. Xue Shuang.