Sunshine Insurance Group Company Limited announced due to the expiry of his term of office, Mr. MA Guangyuan shall retire as an independent non-executive Director of the Company with effect from August 28, 2023, and shall cease to perform the relevant duties on behalf of the chairman or member of special committees under the Board of Directors. Mr. MA Guangyuan has no
disagreement with the Board of Directors and, to the best of his knowledge, there is no matter in relation to his retirement from office that needs to be brought to the attention of the Shareholders.