China Pacific Insurance Grp Co. Ltd Resignation of Director (2032U)
March 24 2023 - 10:15AM
UK Regulatory
TIDMCPIC
RNS Number : 2032U
China Pacific Insurance Grp Co. Ltd
24 March 2023
24 March 2023
CHINA PACIFIC INSURANCE (GROUP) CO., LTD.
(A joint stock company incorporated in the People's Republic of
China with limited liability)
Resignation of Director
The board of directors (the " Board ") of China Pacific
Insurance (Group) Co., Ltd. (the " Company ") hereby announces that
Mr. WOO Ka Biu, Jackson (" Mr. WOO ") has submitted his resignation
to the Board on 23 March 2023, resigning from his position as
independent non-executive director and member of the Audit
Committee and the Risk Management and Related Party Transaction
Control Committee under the Board of the Company due to his work
arrangement.
Since the resignation of Mr. WOO will result in the number of
independent non-executive directors of the Company falling below
the relevant regulatory requirements and the requirements of the
Articles of Association of China Pacific Insurance (Group) Co.,
Ltd., Mr. WOO will continue to perform his duties until the
qualifications of the new independent non-executive directors are
approved by the China Banking and Insurance Regulatory
Commission.
Mr. WOO has confirmed that he has no disagreement with the Board
and that there is no matter in respect of his resignation that
needs to be brought to the attention of the shareholders of the
Company. During the tenure of office, Mr. WOO performed his duties
with diligence and dedication. The Board would like to express its
sincere gratitude to Mr. WOO for his contributions to the
Company.
By Order of the Board of Directors
China Pacific Insurance (Group) Co., Ltd.
KONG Qingwei
Chairman
About CPIC
CPIC is a joint stock company established under the laws of the
People's Republic of China with limited liability.
CPIC's registered office is located at 1 South Zhongshan Road,
Huangpu District, Shanghai, the People's Republic of China.
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END
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