The board of directors of Target Insurance (Holdings) Limited
announced that Ms. Liang Qin (Ms. Liang) has been appointed as
an executive Director with effect from 9 September 2022. Ms. Liang, aged 45, has been appointed as an executive director of the Company with effect from
9 September 2022. Ms. Liang has over 19 years of work experience in accounting. Ms. Liang is
currently a finance manager in Hainan Ruitian Corporation Limited,
a company established in the People's Republic of China. Ms. Liang obtained a bachelor degree
in business administration from The Open University of China (formerly known as Central Radio
and TV University). Ms. Liang is a fund practitioner recognised by Asset Management Association
of China. The Board announced that, with effect from 9 September 2022, Ms. Liang has been appointed
as a member of each of the Nomination Committee, Remuneration Committee and Risk
Committee of the Board.