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中國人壽保險股份有限公司 China Life Insurance Company

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中國人壽保險股份有限公司 China Life Insurance Company 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. CHINA LIFE中國人壽保險股份有限公司 INSURANCE COMPANY LIMITED (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2628) SUMMARY OF SOLVENCY QUARTERLY REPORT OF INSURANCE COMPANY NOTE (SECOND QUARTER OF 2020) 1. BASIC INFORMATION (1) Basic Information of the Company Name of the Company in Chinese: 中國人壽保險股份有限公司 Name of the Company in English: China Life Insurance Company Limited Legal Representative: Wang Bin Registered Address: 16 Financial Street, Xicheng District, Beijing, P.R. China Business Scope: Life, health, accident and other types of personal insurance businesses; reinsurance of the personal insurance businesses; funds management business permitted by national laws and regulations or approved by the State Council; personal insurance services, consulting and agency businesses; sale of securities investment funds; other businesses approved by the national insurance regulatory departments. Business Area: the People’s Republic of China, for the purpose of this report, excluding the Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan region (the “PRC”) Notes: 1. This summary of solvency quarterly report is prepared in accordance with the “Regulatory Rules of Solvency of Insurance Companies (No. 1-17)” issued by the former China Insurance Regulatory Commission. 2. According to the “Plan for Institutional Reform of the State Council” voted and passed at the first meeting of the 13th National People’s Congress of the PRC, the China Banking and Insurance Regulatory Commission (the “CBIRC”) has been formed through the consolidation of the duties and responsibilities of both the China Banking Regulatory Commission and the China Insurance Regulatory Commission, and such two commissions will no longer exist. The CBIRC has officially been put into operation since April 8, 2018. 1 (2) Shareholding Structure, Shareholders and Their Changes 1) Shareholding Structure Unit: Ten thousand shares or RMB ten thousand Changes in the number of shares or shareholding percentage At the beginning of the period during the period At the end of the period Capital reserve Shares or Capital transfer and Shares or capital injection by distribution of Equity capital Category contribution Percentage (%) shareholders dividend transfer Sub-total contribution Percentage (%) RMB ordinary shares 2,082,353 73.67 – – – – 2,082,353 73.67 Overseas listed foreign shares 744,118 26.33 – – – – 744,118 26.33 Total 2,826,471 100.00 – – – – 2,826,471 100.00 Note: Currently, there is no feature in the shareholders’ information enquiry platform that can track down the type of shareholders according to the classification of “state-owned shares, corporate legal shares, foreign invested shares and natural person shares”. As such, the above information is presented by the Company based on the shareholding structure as disclosed in its annual report. 2) Effective Controller The effective controller of the Company is the Ministry of Finance of the PRC (the “MOF”). The equity and controlling relationship between the Company and its effective controller is set out below: Ministry of Finance National Council for Social of the PRC Security Fund 90% 10% China Life Insurance (Group) Company 68.37% China Life Insurance Company Limited Note: In order to carry out relevant arrangement under the “Notice of the State Council on Issuing the Implementation Plan for Transferring Part of State-owned Capital to Supplement Social Security Fund” (Guo Fa [2017] No. 49), and pursuant to the “Approval on Change of Shareholder of China Life Insurance (Group) Company” (Yin Bao Jian Fu [2020] No. 63) issued by the CBIRC, the CBIRC has approved the one-off transfer by the MOF of 10% of its equity interest in China Life Insurance (Group) Company (the “CLIC”) to the National Council for Social Security Fund (the “SSF”). Following completion of the transfer, the MOF and the SSF hold 90% and 10% equity interest in CLIC, respectively, which in turn holds 68.37% equity interest in the Company. CLIC remains as the controlling shareholder of the Company, and the MOF remains as the effective controller of the Company. 2 3) Top Ten Shareholders (in the descending order of their shareholding percentage in the Company as at the end of the period) Unit: Ten thousand shares or RMB ten thousand Changes in the Number of shares number of shares held by the held by the shareholder or the shareholder or the amount of capital Shareholding amount of capital contribution as percentage as contribution at the end at the end Number of shares Name of shareholder Type of shares during the period of the period of the period pledged or frozen China Life Insurance (Group) Company State-owned shares 0 1,932,353 68.37% 0 HKSCC Nominees Limited Foreign shares -30 732,493 25.92% 0 China Securities Finance Corporation Limited State-owned shares 0 72,394 2.56% 0 Central Huijin Asset Management Limited State-owned shares 0 11,972 0.42% 0 Hong Kong Securities Clearing Company Limited Foreign shares 449 6,630 0.23% 0 China Universal Asset Management Co., Ltd – Other 0 1,502 0.05% 0 Industrial and Commercial Bank of China Limited – China Universal – Tianfu Bull No. 53 Asset Management Plan China National Nuclear Corporation State-owned shares 0 1,240 0.04% 0 Industrial and Commercial Bank of China Other -219 1,129 0.04% 0 Limited – SSE 50 Exchange Traded Index Securities Investment Fund China International Television Corporation State-owned shares 0 1,000 0.04% 0 Abu Dhabi Investment Authority Foreign shares -86 917 0.03% 0 Total – 114 2,761,630 97.70% 0 Notes: 1. The figures shown in the columns of “Changes in the number of shares held by the shareholder or the amount of capital contribution during the period” and “Number of shares held by the shareholder or the amount of capital contribution as at the end of the period” in this table refer to the number of shares held (Unit: Ten thousand shares). 2. Due to the impact of the difference derived from rounding, there may be a difference between the total number of “Shareholding percentage as at the end of the period” and the sum of the shareholding percentage of the top ten shareholders. 3 Details of shareholders 1. HKSCC Nominees Limited is a company that holds shares on behalf of the clients of the Hong Kong stock brokers and other participants of the CCASS system. Since the relevant regulations of The Stock Exchange of Hong Kong Limited do not require such persons to declare whether their shareholdings are pledged or frozen, HKSCC Nominees Limited is unable to calculate or provide the number of shares that are pledged or frozen. 2. China Universal Asset Management Co., Ltd – Industrial and Commercial Bank of China Limited – China Universal – Tianfu Bull No. 53 Asset Management Plan has Industrial and Commercial Bank of China Limited as its asset trustee. Industrial and Commercial Bank of China Limited – SSE 50 Exchange Traded Index Securities Investment Fund has Industrial and Commercial Bank of China Limited as its fund depositary. Save as above, the Company was not aware of any connected relationship and concerted parties as defined by the “Measures for the Administration of the Takeover of Listed Companies” among the top ten shareholders of the Company. (3) Subsidiaries, Joint Ventures and Associated Corporations Unit: Ten thousand shares or RMB ten thousand Number of shares held or cost Shareholding percentage At the At the Type of beginning At the end Change in beginning At the end Change in Company name company of the period of the period amount of the period of the period percentage 1 China Life (Suzhou) Pension and Subsidiary 178,600 199,065 20,465 100.00% 100.00% 0.00% Retirement Investment Company Limited 2 China Life Pension Company Subsidiary 240,518 240,518 0 70.74% 70.74% 0.00% Limited 3 China Life Asset Management Subsidiary 240,000 240,000 0 60.00% 60.00% 0.00% Company Limited 4 Number of shares held or cost Shareholding percentage At the At the Type of beginning At the end Change in beginning At the end Change in Company name company of the period of the period amount of the period of the period percentage 4 Shanghai Rui Chong Investment Co., Subsidiary 680,000 680,000 0 100.00% 100.00% 0.00% Limited 5 Golden Phoenix Tree Limited Subsidiary 12 12 0 100.00% 100.00% 0.00% 6 New Aldgate Limited Subsidiary 116,813 116,813 0 100.00% 100.00% 0.00% 7 CL Hotel Investor, L.P. Subsidiary 0 0 0 100.00% 100.00% 0.00% 8 Glorious Fortune Forever Limited Subsidiary 0 0 0 100.00% 100.00% 0.00% 9 Fortune Bamboo Limited Subsidiary 243,488 243,488 0 100.00% 100.00% 0.00% 10 Golden Bamboo Limited Subsidiary 199,288 199,288 0 100.00% 100.00% 0.00% 11 Sunny Bamboo Limited Subsidiary 187,565 187,565 0 100.00% 100.00% 0.00% 12 China Life (Beijing) Health Subsidiary 153,000 153,000 0 100.00% 100.00% 0.00% Management Company Limited 13 Ningbo Meishan Bonded Port Area Subsidiary 315,000 283,500 -31,500 99.997% 89.997% -10.00% Guo Yang Guo Sheng Investment Partnership (Limited Partnership) 14 Ningbo Meishan Bonded Port Area Subsidiary 168,000 168,000 0 99.98% 99.98% 0.00% Bai Ning Investment Partnership (Limited Partnership) 15 Shanghai Yuan Shu
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