The board of PICC Group has officially approved the appointment of Tan Jiong as an executive director and chairman of the fifth board of directors. This decision was made during a board meeting where resolutions were passed to nominate Tan Jiong as a candidate for executive director and to elect him as chairman.

According to the company's announcement, Tan Jiong's term as executive director and chairman will commence upon his election as an executive director by shareholders and the approval of his qualifications by the National Financial Regulatory Administration. His term will last until the conclusion of the fifth board's tenure, with the possibility of re-election upon expiry.

Per the company's Articles of Association, the chairman also serves as the chairperson of the Board's Strategy, Investment, and Sustainability Committee. Once Tan Jiong's qualifications receive regulatory approval, he will assume this role, overseeing the committee's strategic direction and sustainability initiatives.