New China Life Insurance : APPROVAL OF INDEPENDENT NON-EXECUTIVE DIRECTOR'S QUALIFICATION BY THE CIRC

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.

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

Reference is made to the Annual General Meeting of 2016 (the "AGM") of New China Life Insurance Company Ltd. (the "Company") held on 27 June 2017, where Mr. GENG Jianxin was elected as an independent non-executive director of the sixth session of the board of directors of the Company (the "Board").

The Company is pleased to announce that it has recently received the "Approval of Qualification of GENG Jianxin" (Bao Jian Xu Ke No. [2017]1110) issued by China Insurance Regulatory Commission (the "CIRC"), according to which, the CIRC approved the qualification of Mr. GENG Jianxin as an independent non-executive director of the Company. The term of office of Mr. GENG Jianxin shall commence on 18 September 2017 and end on the date of the expiry of the term of the sixth session of the Board.

For the biographical details of Mr. GENG Jianxin, please refer to the circular of the AGM published by the Company on 12 May 2017.

Following the approval of director's qualification of Mr. GENG Jianxin who has appropriate accounting expertise, the composition of independent non-executive directors of the Company meets the requirement that at least one of the independent non-executive directors must have appropriate professional qualifications or accounting or related financial management expertise under Rule 3.10(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

Save as disclosed above, as at the date of the announcement, Mr. GENG Jianxin does not have any other major appointments and professional qualifications, nor does he have any relationship with any director, senior manager, substantial or controlling shareholder of the Company. As at the date of the announcement, to the knowledge and belief of the directors of the Company, Mr. GENG Jianxin does not have any interest in the securities of the Company (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)).

Mr. GENG Jianxin confirms that there is no other matter relating to his appointment that needs to be brought to the attention of shareholders of the Company, nor is there any other information that needs to be disclosed pursuant to any of the requirements under Rules 13.51(2)(h) to (v) of the Listing Rules.

By Order of the Board

Chairman

Beijing, China, 21 September 2017

As at the date of this announcement, the executive directors of the Company are WAN Feng and LI Zongjian; the non-executive directors are LIU Xiangdong, Xiong Lianhua, WU Kunzong, HU Aimin, DACEY John Robert and PENG Yulong; and the independent non-executive directors are LI Xianglu, ZHENG Wei, CHENG Lie, NEOH Anthony Francis and GENG Jianxin.