The board of directors of China Life Insurance Company Limited received a resignation letter from Ms. Hu Jin on 27 March 2024. Due to the adjustment of work arrangements, Ms. Hu Jin tendered her resignation as the person in charge of finance of the Company, which took effect on the same day. Ms. Hu Jin has confirmed that she has no disagreement with the Board and there are no other matters relating to her resignation that need to be brought to the attention of the shareholders of the Company.

The Company would like to express its gratitude to Ms. Hu Jin for her contribution to the Company during her tenure of service. The Board further announces that Ms. Yuan Ying has been appointed as the person in charge of finance of the Company at the thirty-sixth meeting of the seventh session of the Board held on 27 March 2024. The qualification of Ms. Yuan Ying is still subject to the approval of the National Financial Regulatory Administration.

The Company has designated Ms. Yuan Ying to serve as the temporary person in charge of finance of the Company prior to obtaining such approval. Ms. Yuan Ying, born in February 1978, has been the Deputy General Manager (responsible for daily operations) of the Finance Department of the Company since December 2023. She successively served as an Assistant to the General Manager of the Accounting Department, and an Assistant to the General Manager and the Deputy General Manager of the Finance Department of the Company from 2018 to 2023.

Ms. Yuan graduated from Peking University with a master's degree in management.