[Caihua Social News] Taiga Insurance (06161-HK) announced that the board of directors had received notification from Mr. Li Bingliang and Mr. Zhao Xinting that on December 23, 2020, the sale and sale of shares had been completed and Smart Neo (wholly and beneficially owned by Mr. Wu) became the holder of about 139 million shares, equivalent to about 26.62% of the total issued shares of the company.

Mr. Lai Bingliang and Mr. Zhao Xinting resigned as executive directors because they expected to spend more time on personal investment; Mr. Szeto Weixin resigned as independent executive director because he expected to spend more time on personal business; Mr. Wu Yu was appointed as executive director and co-chairman of the board of directors; Mr. Wei Weicheng, Mr. Lin Feng, Mr. Dai Chengyan and Mr. Rui Yuanqing were appointed as executive directors It will take effect from December 23, 2020.

Lawyer Liang Haoran and Dr. Wang Junsheng have been appointed as independent non-executive directors with effect from 23 December 2020.