China Life Insurance Co., Ltd. entered into an agreement to acquire 29% stake in Kaihong Energy Co., Ltd for TWD 1.74 billion.

China Life Insurance Co., Ltd. is a Taiwan-based company principally engaged in insurance business. The Company provides personal life insurance, personal injury insurance, personal health insurance, group insurance, pension insurance, investment insurances and others. The Company is also involved in securities investment, properties investment, foreign investment and loan businesses. The Company also provides related services, including ordinary services and value-added services. Its ordinary services include the operation of policy loans and contract change, among others. Its value-added services include overseas first aid services, hospital discount and cancer consulting services, among others.