CPIC: Zhu Yonghong resigns board of supervisors chair

CPIC: Zhu Yonghong resigns board of supervisors chair

China Pacific Insurance (Group) Co., Ltd. (CPIC) has announced the resignation of Mr. Zhu Yonghong, who served as the chairman of the board of supervisors and shareholder representative supervisor. The resignation, effective from August 27, 2025, was due to changes in Mr. Zhu's work arrangements [1].

Mr. Zhu's departure from the board of supervisors will not affect the company's operational quorum, as per the Company Law of the People's Republic of China and relevant regulations. During his tenure, Mr. Zhu played a crucial role in refining the supervisory framework and contributing to CPIC's high-quality and sustainable development. He is credited with enhancing corporate governance, strengthening financial and internal control oversight, and safeguarding stakeholders' interests.

The company expressed gratitude to Mr. Zhu for his contributions and noted that he has no disagreements with the board of supervisors. The resignation has been communicated to shareholders and creditors, ensuring transparency and adherence to regulatory requirements.

CPIC remains committed to its mission of serving national strategies and the real economy through financial services. The company's board of directors and supervisors will continue to operate effectively, ensuring the company's smooth functioning.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-28:newsml_RSb1032Xa:0-reg-china-pacific-insur-resignation-of-supervisor/