CHINA LIFE INSURANCE COMPANY LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
This announcement is made by the Company pursuant to the provisions of inside information under Part XIVA of the SFO and Rule 13.09(2) of the Listing Rules.
Based on the Company's preliminary estimates, it is estimated that the net profit attributable to equity holders of the Company for the year 2015 may increase by approximately 5% - 10% as compared to the net profit attributable to equity holders of the Company for the year 2014. The Company's preliminary financial estimates for the year 2015 contained in this announcement have not been audited and may be different from the audited financial information. Detailed audited financial information of the Company for the year 2015 will be disclosed in the Company's 2015 annual report.
This announcement is made by China Life Insurance Company Limited (the "Company") pursuant to the provisions of inside information under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO") and Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
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Estimated results during this period
Estimated results period: 1 January 2015 to 31 December 2015.
Estimated results: Based on the Company's preliminary estimates, it is estimated that the net profit attributable to equity holders of the Company for the year 2015 may increase by approximately 5% - 10% as compared to the net profit attributable to equity holders of the Company for the year 2014.
The estimated results have not been audited.
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Results for the year 2014 (audited)
Net profit attributable to equity holders of the Company: RMB32,211 million
Earnings per share (basic and diluted): RMB1.14
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Reasons for estimated increase in results
The estimated increase in the profit of the Company for the year 2015 is mainly attributable to factors such as the increase in investment income. Update of actuarial assumptions, such as change of discount rate assumption of reserves of traditional insurance contracts, partially reduced the profit for the period.
- Other information
The Board of Directors of the Company wishes to remind shareholders and investors that the above estimated results for the year 2015 contained in this announcement are based on the Company's preliminary estimates, which are subject to the Company's further examination and have not been audited. If the Company's future estimates of the 2015 annual results differ materially from the above estimates, the Company will provide updates on a timely basis. Detailed audited financial information of the Company for the year 2015 will be disclosed in the Company's 2015 annual report.
By Order of the Board
China Life Insurance Company Limited Heng Victor Ja WeiCompany Secretary
Hong Kong, 29 January 2016
As at the date of this announcement, the Board of the Company comprises:
Executive Directors: Yang Mingsheng, Lin Dairen, Xu Hengping, Xu Haifeng Non-executive Directors: Miao Jianmin, Zhang Xiangxian, Wang Sidong, Liu Jiade
Independent Non-executive Directors:
Anthony Francis Neoh, Chang Tso Tung Stephen, Huang Yiping, Robinson Drake Pike
China Life Insurance Co. Ltd. issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 January 2016 09:48:06 UTC
Original Document: http://www.e-chinalife.com/IRchannel/files/announcement_20160129_EN_1.pdf
