People Insurance of China : NOTICE OF THE 2020 ANNUAL GENERAL MEETING

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(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1339)

NOTICE OF THE 2020 ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the 2020 annual general meeting (the "AGM") of The People's Insurance Company (Group) of China Limited (the "Company") will be held at PICC Building, No. 88 West Chang'an Avenue, Xicheng District, Beijing on 18 June 2021 (Friday) at 9:00 a.m. for the purposes of considering and, if thought fit, passing the following resolutions:

ORDINARY RESOLUTIONS

1. To consider and approve the resolution on the election of Mr. Luo Xi as an executive Director of the fourth session of the Board of the Company
2. To consider and approve the resolution on the election of Mr. Wang Tingke as an executive Director of the fourth session of the Board of the Company
3. To consider and approve the resolution on the election of Mr. Xie Yiqun as an executive Director of the fourth session of the Board of the Company
4. To consider and approve the resolution on election of Mr. Li Zhuyong as an executive Director of the fourth session of the Board of the Company
5. To consider and approve the resolution on the election of Mr. Wang Qingjian as a non- executive Director of the fourth session of the Board of the Company
6. To consider and approve the resolution on the election of Mr. Miao Fusheng as a non-executive Director of the fourth session of the Board of the Company
7. To consider and approve the resolution on the election of Mr. Wang Shaoqun as a non- executive Director of the fourth session of the Board of the Company
8. To consider and approve the resolution on the election of Mr. Yu Qiang as a non-executive Director of the fourth session of the Board of the Company

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1. To consider and approve the resolution on the election of Mr. Wang Zhibin as a non-executive Director of the fourth session of the Board of the Company
2. To consider and approve the resolution on the election of Mr. Shiu Sin Por as an independent non-executive Director of the fourth session of the Board of the Company
3. To consider and approve the resolution on the election of Mr. Ko Wing Man as an independent non-executive Director of the fourth session of the Board of the Company
4. To consider and approve the resolution on the election of Ms. Xu Lina as an independent non- executive Director of the fourth session of the Board of the Company
5. To consider and approve the resolution on the election of Ms. Cui Li as an independent non- executive Director of the fourth session of the Board of the Company
6. To consider and approve the resolution on the election of Mr. Chen Wuzhao as an independent non-executive Director of the fourth session of the Board of the Company
7. To consider and approve the resolution on the election of Mr. Huang Liangbo as a Shareholder Representative Supervisor of the fourth session of Board of Supervisors of the Company
8. To consider and approve the resolution on the election of Mr. Xu Yongxian as a Shareholder Representative Supervisor of the fourth session of Board of Supervisors of the Company
9. To consider and approve the resolution on the election of Ms. Starry Lee Wai King as an Independent Supervisor of the fourth session of Board of Supervisors of the Company
10. To consider and approve the resolution on the planning outline of the "14th Five-Year Plan" development strategy of the Group
11. To consider and approve the resolution on the report of the Board of Directors for the year 2020
12. To consider and approve the resolution on the report of the Board of Supervisors for the year 2020
13. To consider and approve the resolution on the final financial accounts for the year 2020
14. To consider and approve the resolution on the profit distribution for the year 2020
15. To consider and approve the resolution on the budget of fixed asset investment for the year 2021
16. To consider and approve the resolution on the work report of the independent Directors for the year 2020 and the appraisal of performance

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AS REPORTING DOCUMENTS

1. To review the performance report of the Directors for the year 2020
2. To review the report on the solvency-related condition of the Group for the year 2020
3. To review the report on related party transactions and the evaluation of internal transactions for the year 2020

The above resolutions are set out in the circular for the 2020 annual general meeting of the Company dated 3 May 2021. Unless otherwise stated, terms and expressions defined in the circular shall have the same meanings in this notice.

By order of the Board

The People's Insurance Company (Group) of China Limited

Luo Xi

Chairman

3 May 2021

Notes:

1. The H Shares register of members of the Company will be closed from 19 May 2021 (Wednesday) to 18 June 2021 (Friday), both days inclusive, during which period no transfer of H Shares will be effected. Holders of H Shares who intend to attend the AGM must deposit the share certificates together with the transfer documents at the H Share Registrar of the Company, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on 18 May 2021 (Tuesday). Holders of H Shares whose names appear on the H Shares register of members of the Company at the close of business on 18 May 2021 (Tuesday) are entitled to attend and vote at the AGM.
2. If the profit distribution plan for the year 2020 is approved, the final dividend will be paid around 29 July 2021 to the Shareholders whose names appear on the share register of members of the Company on 30 June 2021 (Wednesday). For the purpose of determining the entitlement of the holders of H Shares to the final dividend for 2020, the H Share register of members of the Company will be closed from 25 June 2021 (Friday) to 30 June 2021 (Wednesday) (both days inclusive), during which period no transfer of shares will be registered. In order to be entitled to the final dividend for 2020, holders of H Shares must deposit the share certificates together with the transfer documents at the H Share registrar of the Company, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on 24 June 2021 (Thursday).
3. A Shareholder entitled to attend and vote at the AGM may appoint one or more proxies to attend and vote in his stead. A proxy need not be a Shareholder of the Company but must attend the AGM in person to represent the relevant Shareholder.

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1. The instrument appointing a proxy must be in writing and signed by a holder of H Shares or his/her attorney who was duly authorised in writing. If the Shareholder is a corporation, that instrument must be executed either under its common seal or under the hand of its director(s) or duly authorised attorney. If that instrument is signed by an attorney of the Shareholder, the power of attorney authorising that attorney to sign or other authorisation document must be notarised.
2. In order to be valid, the proxy form together with the notarised power of attorney or other authorisation document (if any) must be deposited at the Company's H Share Registrar, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for holders of H Shares not less than 24 hours before the time fixed for the holding of the AGM or any adjournment thereof (as the case may be) (which is 9:00 a.m. on 17 June 2021 (Thursday) (or other date in the event of any adjournment thereof)). Completion and return of a proxy form will not preclude a Shareholder from attending and voting in person at the AGM or any adjournment thereof if he so wishes.
3. Holders of H Shares who intend to attend the AGM in person or by proxy should deposit the reply slip at the Company's H Share Registrar, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong respectively on or before 29 May 2021 (Saturday) by hand, by post or by fax (fax no: (852) 2865 0990). Shareholders or their proxies attending the Shareholder's general meeting (or any adjournment thereof) shall produce their identity certifications.
4. Pursuant to the provisions of the Articles of Association, any vote of Shareholders at a general meeting must be taken by poll. As such, the resolutions set out in the notice of this Shareholder's general meeting will be voted on by poll.
5. Shareholders (in person or by proxy) attending the AGM are responsible for their own transportation and accommodation expenses. Shareholders or their proxies attending the AGM shall produce their identity certifications.
6. In the case of joint Shareholders, the vote of the senior who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint Shareholder(s), and for this purpose seniority will be determined by the order in which the names stand on the register of members in respect of the relevant joint Shareholders.
7. Reminder in relation to pandemic prevention and control: Considering the impact of the current COVID-19 pandemic, foreign attendees coming to Beijing are reminded to pay attention to the relevant regulations and requirements of pandemic prevention and control in Beijing during the convening of the meeting.

As at the date of this announcement, the executive directors of the Company are Mr. Luo Xi, Mr. Wang Tingke, Mr. Xie Yiqun and Mr. Li Zhuyong, the non-executive directors are Mr. Wang Qingjian, Mr. Miao Fusheng, Mr. Wang Shaoqun, Ms. Cheng Yuqin and Mr. Wang Zhibin, and the independent non-executive directors are Mr. Shiu Sin Por, Mr. Ko Wing Man, Mr. Lin Yixiang and Mr. Chen Wuzhao.

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