OREANDA-NEWS. May 27, 2014. Reference is made to the announcement of China Taiping Insurance Holdings Company Limited (the“Company”) dated 24 February 2014. Following the passing away of Mr. Ma Junlu (“Mr. Ma”), the number of independent non-executive directors of the Company (“INEDs”) has reduced from four to three, falling below one-third of the board of directors of the Company (the “Board”) as required under Rule 3.10A of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “Listing Rules”).

Mr. Ma was also the chairman of the remuneration committee and a member of the audit committee of the Company and the vacancies thereof resulted in the non-fulfillment of the requirements under Rules 3.21 and 3.25 of the Listing Rules by the Company.

In view of the time required for identifying suitable candidate for INED and its appointment, the Company has applied for, and the Stock Exchange has granted, a waiver and an extension of time to the Company from strict compliance with Rules 3.10A, 3.21 and 3.25 of the Listing Rules in respect of the number of INEDs and members of the audit committee and the chairman of the remuneration committee of the Company until 21 August 2014.

The Company will use its best endeavours to identify and appoint a new INED within the extended period and will make announcement as and when appropriate.