The board of PICC has resolved to appoint Tan Jiong as an executive director and chairman of the fifth board. The appointment will take effect upon approval by the shareholders' meeting and qualification clearance by the National Financial Regulatory Administration, with a term lasting until the expiry of the fifth board and eligibility for re-election. After regulatory approval, Tan Jiong will also serve as chairman of the board's strategy, investment, and sustainable development committee. Tan Jiong previously served as executive director and vice president of ICBC, as well as a member of the leading party members group and vice governor of the Guizhou Provincial People's Government. He holds a doctorate in economics from Wuhan University. As an executive director, Tan Jiong will not receive director's fees from the company; his compensation will be determined based on his specific management position, including base salary, performance bonus, and benefits.
People's Insurance of China LtdAppointment of new chairman is a governance change; impact unclear until strategy known.
Industrial and Commercial Bank of China Ltd