New China Life Insurance : 2017 Interim Report

New China Life Insurance Company Ltd.

新華人壽保險股份有限公司

(A joint stock company incorporated in the People''s Republic of China with limited liability)

Stock Code: 0113366

Interim Report

2017

IMPORTANT INFORMATION

1. The board of directors, the board of supervisors and the directors, supervisors, and members of senior management of the Company guarantee the correctness, accuracy and completeness of the contents of this report, and that there is no false representation, misleading statement or material omission in this report, and are legally liable for this report jointly and severally.

2. The 2017 Interim Report of the Company was considered and approved at the fifteenth meeting of the sixth session of the board of directors of the Company on 29 August 2017, which 13 directors were required to attend and 12 of them attended in person. Director DACEY John Robert authorized Chairman WAN Feng to attend the meeting and vote on behalf of him.

3. The 2017 condensed consolidated interim financial information of the Company is unaudited.

4. Mr. WAN Feng, the Chairman of the Company, Mr. GONG Xingfeng, the Chief Actuary of the Company and Mr. ZHANG Tao, the officer in charge of the Accounting Department of the Company warrant the truthfulness, accuracy and completeness of the condensed consolidated interim financial information in the 2017 Interim Report.

5. In addition to the facts stated herein, this report includes forward-looking statements and analysis, which may differ from the actual results of the Company in the future. The Company does not make any warrant or undertaking upon its future performance. You are advised to exercise caution.

INTERIM REPORT 2017 1

CONTENTS

2 NEW CHINA LIFE INSURANCE COMPANY LTD.

SECTION 1 DEFINITIONS

In this report, unless the context otherwise requires, the following terms shall have the meanings set out below:

the Company, NCI New China Life Insurance Company Ltd.

Asset Management Company New China Asset Management Co., Ltd., a subsidiary of the Company Asset Management Company (Hong Kong) New China Asset Management (Hong Kong) Limited, a subsidiary of

the Asset Management Company

New China Health New China Life Excellent Health Investment Management Co., Ltd.

Huijin Central Huijin Investment Ltd.

Baowu Group China Baowu Steel Group Corporation Limited

NSSF National Council for Social Security Fund of the PRC

CIRC China Insurance Regulatory Commission

CSRC China Securities Regulatory Commission

SSE Shanghai Stock Exchange

Hong Kong Stock Exchange or HKSE The Stock Exchange of Hong Kong Limited RMB Renminbi

PRC, China People's Republic of China, for the purpose of this report only, excluding Hong Kong, Macau and Taiwan

Company Law Company Law of the PRC

Insurance Law Insurance Law of the PRC

Securities Law Securities Law of the PRC

PRC GAAP China Accounting Standards for Business Enterprises issued by the Ministry of Finance of the PRC, and its application guide, interpretation and other related regulations issued thereafter

IFRS International Financial Reporting Standards as promulgated by the International Accounting Standards Board

Articles of Association The articles of association of New China Life Insurance Company Ltd., approved by the Annual Shareholders' General Meeting of 2015 of the Company on 27 June 2016, and became effective as approved by the CIRC on 24 August 2016

Hong Kong Listing Rules The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

Model Code for Securities Transactions Model Code for Securities Transactions by Directors of Listed Issuers

as set out in Appendix 10 to the Hong Kong Listing Rules

Corporate Governance Code Corporate Governance Code and Corporate Governance Report as set

out in Appendix 14 to the Hong Kong Listing Rules

SFO The Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)

INTERIM REPORT 2017 3