If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in New China Life Insurance Company Ltd., you should at once hand this circular and the accompanying proxy form and reply slip of the Annual General Meeting to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or the transferee.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular.

新華人壽保險股份有限公司

NEW CHINA LIFE INSURANCE COMPANY LTD.

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

(Stock Code: 01336) ANNUAL GENERAL MEETING

The Annual General Meeting of the Company will be convened at 10:00 a.m. on 27 June 2017 at 21/F, NCI Tower, A12 Jianguomenwai Avenue, Chaoyang District, Beijing, PRC. The notice of the Annual General Meeting, a proxy form and a reply slip for use at the meeting are enclosed and are also published on the website of the Hong Kong Stock Exchange (www.hkexnews.hk).

Shareholders of H Shares who intend to attend the Annual General Meeting by proxy should complete and return the enclosed proxy form to the Company's H Share registrar, Computershare Hong Kong Investor Services Limited no later than 24 hours before the scheduled time for the Annual General Meeting (i.e. before 10:00 a.m. on 26 June 2017). Completion and return of the proxy form will not preclude a Shareholder from attending the Annual General Meeting and voting in person if he so wishes. Shareholders of H Shares who intend to attend the Annual General Meeting in person or by proxy should complete and return the reply slip in person, by post or by fax to Computershare Hong Kong Investor Services Limited on or before 6 June 2017.

12 May 2017

Page

DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 LETTER FROM THE BOARD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 APPENDIX I - BUSINESS OF THE ANNUAL GENERAL MEETING . . . 6 APPENDIX II - THE REPORT OF THE BOARD OF SUPERVISORS FOR THE YEAR 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 APPENDIX III - THE REPORT OF PERFORMANCE OF THE DIRECTORS FOR THE YEAR 2016 . . . . . . . . . . . 19 APPENDIX IV - THE REPORT OF PERFORMANCE OF THE INDEPENDENT NON-EXECUTIVE DIRECTORS FOR THE YEAR 2016 . . . . . . . . . . . . . . . 31 APPENDIX V - BIOGRAPHICAL DETAILS OF THE CANDIDATE FOR THE INDEPENDENT NON-EXECUTIVE DIRECTOR PROPOSED TO BE ELECTED . . . . . . . . . . . . . . . . . . . . 39 APPENDIX VI - THE REPORT ON THE STATUS OF RELATED PARTY TRANSACTIONS AND THE IMPLEMENTATION OF MANAGEMENT SYSTEM ON RELATED PARTY TRANSACTIONS FOR THE YEAR 2016 . . . . . . . . . . . . 41 NOTICE OF ANNUAL GENERAL MEETING . . . . . . . . . . . . . . . . . . . . . . . . . . . 48

Note: If there is any inconsistency between the Chinese and English versions of this circular, the Chinese version shall prevail.

In this circular, unless the context otherwise requires, the following terms and expressions have the following meanings:

"A Share(s)" domestic share(s) of RMB1.00 each in the share capital of the Company which are listed on the Shanghai Stock Exchange and traded in RMB

"AGM" or "Annual General Meeting"

the annual general meeting of the Company for the year 2016 to be held on 27 June 2017

"Articles of Association" the articles of association of the Company "Board" the board of directors of the Company

"Board of Supervisors" the board of supervisors of the Company

"CIRC" China Insurance Regulatory Commission (中國保險監督 管理委員會)

"Company" New China Life Insurance Company Ltd., a joint stock limited company duly incorporated in the PRC and the H Shares and A Shares of which are listed on the Hong Kong Stock Exchange (stock code: 01336) and the Shanghai Stock Exchange (stock code: 601336), respectively

"Company Law" the Company Law of the People's Republic of China (中 華人民共和國公司法)

"CSRC" China Securities Regulatory Commission (中國證券監督 管理委員會)

"Director(s)" the director(s) of the Company

"H Share(s)" overseas listed foreign share(s) of RMB1.00 each in the share capital of the Company which are listed on the Hong Kong Stock Exchange and traded in Hong Kong dollars

"Hong Kong Listing Rules" the Rules Governing the Listing of Securities on The

Stock Exchange of Hong Kong Limited

"Hong Kong Stock Exchange" The Stock Exchange of Hong Kong Limited

"Share(s)" ordinary share(s) of RMB1.00 each in the share capital of the Company, including H Share(s) and A Share(s)

"Shareholder(s)" holder(s) of the Company's Share(s)

New China Life Insurance Co. Ltd. published this content on 12 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 May 2017 08:34:23 UTC.

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