China Life Insurance Company Limited ("China Life") announced that, in accordance with the Listing Rules of The Stock Exchange of Hong Kong Limited, the board of directors meeting on August 29, 2024 approved the signing of a new "Renminbi Unit Fixed Deposit Agreement" (the "2024 Agreement") with Guangfa Bank and terminated similar contracts from 2023. This is aimed at centralizing the management of deposit transactions with Guangfa Bank to enhance the returns on current accounts. The 2024 Agreement will expire on July 14, 2026, and does not require approval by the shareholders' general meeting. China Life stated that this routine related party transaction helps deepen the strategic cooperation with Guangfa Bank and promote the development of the company's core business. Directors who are related parties abstained from voting during the decision-making process to ensure the fairness of the transaction.

China Life Insurance Company Limited ("China Life") announced that, in accordance with the Listing Rules of The Stock Exchange of Hong Kong Limited, the board of directors meeting on August 29, 2024 approved the signing of a new "Renminbi Unit Fixed Deposit Agreement" (the "2024 Agreement") with Guangfa Bank and terminated similar contracts from 2023. This is aimed at centralizing the management of deposit transactions with Guangfa Bank to enhance the returns on current accounts. The 2024 Agreement will expire on July 14, 2026, and does not require approval by the shareholders' general meeting. China Life stated that this routine related party transaction helps deepen the strategic cooperation with Guangfa Bank and promote the development of the company's core business. Directors who are related parties abstained from voting during the decision-making process to ensure the fairness of the transaction.