China Life Insurance Company Limited at the first extraordinary general meeting 2024 of the Company held on 30 October 2024 (the "EGM"), Mr. Cai Xiliang was elected as an Executive Director of the eighth session of the board of directors of the Company (the "Board"), and at the eighth meeting of the eighth session of the Board held on the same day, Mr. Cai Xiliang was elected as the Chairman of the Board of the Company. The Company has recently received the approval of qualification of Mr. Cai Xiliang from the National Financial Regulatory Administration (the "NFRA"). Pursuant to the approval, the qualification of Mr. Cai Xiliang as a Director and the Chairman of the Board of the Company has been approved by the NFRA, and his term of service commenced on 4 December 2024.

In accordance with the requirements under the Rules Governing the Listing of Stocks on Shanghai Stock Exchange and in order to ensure the compliant operation of the Board, Mr. Cai Xiliang will act as the Board Secretary during the period commencing from the effective date of his appointment as the Chairman of the Board and ending on the date on which the qualification of Ms. Liu Hui as the Board Secretary is approved by the NFRA. As at the date of this announcement, the Board of the Company comprises: Executive Directors: Cai Xiliang, Li Mingguang, Liu Hui, Ruan Qi, Non-executive Directors: Wang Junhui, Hu Jin, Hu Rong, Independent Non-executive Directors: Lam Chi Kuen, Zhai Haitao, Chen Jie, Lu Feng.