CHINA LIFE INSURANCE COMPANY LIMITED

(A joint inventory restricted firm integrated within the Individuals’s Republic of China with restricted legal responsibility)

(the “Firm”)

(inventory code: 2628)

Announcement on the Resolutions of the Ninth Assembly of the Seventh Session of the Board of Administrators of China Life Insurance coverage Firm Restricted

The ninth assembly (the “Assembly”) of the seventh session of the Board of Administrators (the “Board”) of China Life Insurance coverage Firm Restricted (the “Firm”) was held on March 8, 2022 in Beijing. The administrators had been notified of the assembly by means of a written discover dated March 1, 2022. Out of the corporate’s 9 administrators, eight administrators attended the assembly. Su Hengxuan, Li Mingguang and Huang Xiumei, govt administrators of the Firm, and Wang Junhui, non-executive director of the Firm, attended the assembly in particular person. Tang Xin, Leung-Oi-Sie Elsie, Lam Chi Kuen and Zhai Haitao, unbiased administrators of the Firm, attended the assembly by means of video convention. Yuan Changqing, non-executive director of the Firm, was on depart for different enterprise and licensed in writing, Su Hengxuan, govt director of the Firm, to behave on his behalf, solid the votes for him and preside over the assembly. Supervisors and members of the administration of the Firm additionally attended the assembly as non-voting delegates. The time, venue of the assembly and the way wherein the assembly was convened are in accordance with the Firm Regulation of the Individuals’s Republic of China and the provisions underneath related legal guidelines, administrative rules, departmental guidelines, Articles of Affiliation and Guidelines of Procedures for the Board of Administrators of the Firm.

The assembly was presided over by Su Hengxuan, govt director of the Firm. The administrators who attended the assembly unanimously handed the next resolutions after enough assessment and dialogue:

1.

Proposal on Nominating Mr. Bai Tao as a Candidate for the Govt Director of the Seventh Session of the Board of Administrators of the Firm

The unbiased administrators gave their unbiased opinions and agreed on the proposal. The Board agrees to submit the proposal to the shareholders’ assembly of the Firm for approval.

Voting outcome: 9 for, 0 in opposition to, with no abstention

2.

Proposal on Nominating Mr. Huang Yiping as a Candidate for the Unbiased Director of the Seventh Session of the Board of Administrators of the Firm

The unbiased administrators gave their unbiased opinions and agreed on the proposal. The Board agrees to submit the proposal to the shareholders’ assembly of the Firm for approval.

Voting outcome: 9 for, 0 in opposition to, with no abstention

Fee File Quantity 001-31914

3.

Proposal on Nominating Ms. Chen Jie as a Candidate for the Unbiased Director of the Seventh Session of the Board of Administrators of the Firm

The unbiased administrators gave their unbiased opinions and agreed on the proposal. The Board agrees to submit the proposal to the shareholders’ assembly of the Firm for approval.

Voting outcome: 9 for, 0 in opposition to, with no abstention

Please discuss with the annex of this announcement for biography of Mr. Bai Tao, Mr. Huang Yiping and Ms. Chen Jie. Please discuss with the discover and supplies for the 2022 First Extraordinary Shareholders’ Assembly, which can be revealed individually, for the declaration by nominators of unbiased administrators and assertion by the candidates for unbiased administrators.

4.

Proposal on nominating Mr. Bai Kai because the Assistant to the President of the Firm

The unbiased administrators gave their unbiased opinions and agreed on the proposal. The qualification of Mr. Bai Kai is topic to the approval of the China Banking and Insurance coverage Regulatory Fee. For the biography of Mr. Bai Kai, please see the annex of this announcement.

Voting outcome: 9 for, 0 in opposition to, with no abstention

5.

Proposal on Convening the 2022 First Extraordinary Shareholders’ Assembly

The discover of the 2022 First Extraordinary Shareholders’ Assembly can be revealed individually.

Voting outcome: 9 for, 0 in opposition to, with no abstention

Board of Administrators of China Life Insurance coverage Firm Restricted

March 8, 2022

Fee File Quantity 001-31914

appendix

Biography of Mr. Bai Tao

Mr. Bai Tao, born in 1963, has been the Secretary to the Occasion Committee of China Life Insurance coverage (Group) Firm, since January 2022. From August 1984 to Could 2014, Mr. Bai Tao labored at Industrial and Industrial Financial institution of China Restricted and successively served as an Assistant to the President of Hainan Department, the Deputy Basic Supervisor of the Venture Credit score Division of the Head Workplace, the Vice President of Jilin Department, the Vice President (liable for day by day operations) and the President of Hunan Department, the Basic Supervisor of the Asset Danger Administration Division, the Basic Supervisor of the Danger Administration Division and the President of the Inside Audit Bureau of the Head Workplace. From Could 2014 to August 2016, he served because the Vice President of China Life Insurance coverage (Group) Firm. From September 2016 to July 2018, he served because the Deputy Basic Supervisor of China Funding Company, throughout which he additionally served as an Govt Director and the Basic Supervisor of Central Huijin Funding Ltd. from October 2016. From July 2018 to January 2020, Mr. Bai Tao served because the President, an Govt Director and the Vice Chairman of The Individuals’s Insurance coverage Firm (Group) of China Restricted, throughout which he additionally served because the Chairman of PICC Funding Holding Co.,Ltd. from February 2019 and the Chairman of PICC Capital Funding Administration Firm Restricted from July 2019. from January 2020 to January 2022.

Mr. Bai Tao, a senior economist, graduated from Renmin College of China with a doctoral diploma in economics.

Biography of Mr Huang Yiping

Mr. Huang Yiping, born in 1964, Chinese language nationality, is the Affiliate Dean of the Nationwide Faculty of Growth, the Jinguang Chair Professor of Finance and Economics, and the Director of the Institute of Digital Finance of Peking College. At present, Mr. Huang Yiping additionally serves because the Vice President of the Public Coverage Analysis Heart and a researcher of the Finance Analysis Heart of the Counselor’s Workplace of the State Council, the Chairman of the Skilled Committee of FinTech Growth and Analysis of the Nationwide Web Finance Affiliation of China. He’s concurrently a member of China Finance 40 Discussion board (at the moment the Chairman of its Educational Committee), a member of Chinese language Economists 50 Discussion board, in addition to the Editor in Chief of China Financial Journal, and the Deputy Editor in Chief of Asian Financial Coverage Evaluation.

Mr. Huang Yiping has been an Unbiased Director of Ant Group Co., Ltd. since August 2020. He served as a member of the Financial Coverage Committee of The Individuals’s Financial institution of China from June 2015 to June 2018, the Managing Director of the Rising Market Headquarters/the Chief Economist of Asian Rising Markets of Barclays Capital Asia from August 2011 to June 2013, the Managing Director/the Chief Economist of the Asia-Pacific area of Citigroup Inc. from Could 2000 to February 2009, and a senior lecturer and the Director of China’s financial initiatives of The Australian Nationwide College from August 1993 to April 2000 .

Mr. Huang Yiping obtained a grasp’s diploma in economics from Renmin College of China and a doctoral diploma in economics from The Australian Nationwide College.

Fee File Quantity 001-31914

Biography of Ms. Chen Jie

Ms. Chen Jie, born in 1970, Chinese language nationality, is the Director and a researcher of the Industrial Regulation Analysis Unit of the Institute of Regulation, a professor and doctoral tutor of the Chinese language Academy of Social Sciences. She is a member of the Chinese language Authorized System Committee of China Democratic League, in addition to the Vice Chairman of China Enterprise Regulation Society, an Govt Director of every of the Institute of Industrial Regulation and the Institute of Securities Regulation of China Regulation Society, and a Director of the Institute of Insurance coverage Regulation of China Regulation Society. Ms. Chen Jie can be a member of the Enchantment Evaluation Committee of Shenzhen Inventory Alternate, a member of the Skilled Advisory Committee of Beijing Monetary Court docket, and an arbitrator of every of Beijing Arbitration Fee/Beijing Worldwide Arbitration Heart, Shenzhen Court docket of Worldwide Arbitration , China Worldwide Financial and Commerce Arbitration Fee, Shanghai Worldwide Financial and Commerce Arbitration Fee and Shanghai Arbitration Fee.

Ms. Chen Jie served as an Unbiased Director of Central China Land Media Co., Ltd. from December 2010 to April 2017, to an Unbiased Director of BOMESC Offshore Engineering Firm Restricted from January 2016 to January 2019, and to an Unbiased Director of Sino Geophysical Co., Ltd. from November 2015 to November 2021.

Ms. Chen Jie obtained a bachelor’s diploma in legislation from East China Faculty of Political Science and Regulation, a grasp’s and doctoral levels in legislation from Peking College, and a postdoctoral qualification from the Institute of Regulation of Chinese language Academy of Social Sciences.

Biography of Mr Bai Kai

Mr. Bai Kai, born in June 1974, is the Basic Supervisor of Hubei Department of the Firm. Mr. Bai Kai served as Deputy Basic Supervisor and Deputy Basic Supervisor (in command of work) of Hubei Department of the Firm from 2017 to 2020, and the Basic Manger of Hubei Huanggang Department and the Deputy Basic Supervisor of Qingdao Department of the Firm from 2011 to 2017. Mr. Bai Kai obtained a grasp’s diploma in financial administration from Occasion Faculty of Hubei Provincial Occasion Committee.

Disclaimer

China Life Insurance coverage Co.Ltd. revealed this content material on 08 March 2022 and is solely liable for the data contained therein. Distributed by Public, unedited and unaltered, on 08 March 2022 16:32:09 UTC.


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Sale 2021 821 B
130b
130b
Web earnings 2021 56 029 m
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Web money 2021 899 b
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P/E ratio 2021 4.87x
Yield 2021 7.32%
capitalization 654 b
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103 B
EV / Gross sales 2021 -0.30x
EV / Gross sales 2022 -0.40x
Nbr of Workers 104 160
free float 99.5%
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