ZhongAn Online P&C Insurance announces series of management changes

ZhongAn P&C confirms Hai Yin as Chairman, Gang Ji resigns, with shuffle in key committee roles.
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Zhongan online pc insurance announces series of management changes

Key APAC insurance developments – delivered free each weekday.

In an announcement made on the Hong Kong Stock Exchange (HKEX) on Monday, ZhongAn Online P&C disclosed it was making a number of key management changes, including the confirmation of its new chairman, the resignation of a non-executive director, and reshuffling of key committee roles.

Following its initial announcement on July 24 2023, Hai Yin—previously an independent non-executive director—has officially assumed the role of Chairman, effective from December 4 2023, having received formal approval the National Financial Regulatory Administration (NFRA). Yin was also re-designated from independent non-executive Director to non-executive Director.

The Board also announced the resignation of non-executive Director, Gang Ji, effective December 4 2023, citing “personal work arrangements” as the reason for his departure. Ji also relinquished his position on the Audit and Consumer Rights Protection Committee.

ZhongAn said in its statement that Ji “has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.”

Finally, the insurer announced that Yaping Ou has been redesignated as a member of the Strategy and Investment Decision Committee, Vena Wei Yan Cheng has been appointed as Chairperson of the Risk Management and Related Transaction Control Committee, and Wei Ou will take up a position of Audit and Consumer Rights Protection Committee.

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Zhongan online pc insurance announces series of management changes

Key APAC insurance developments – delivered free each weekday.

Zhongan online pc insurance announces series of management changes