New China Life Insurance Company Limited announced the latest list of Board of Directors members along with their roles and functions on December 27, 2024. The Board consists of ten members, including Chairman and Executive Director Yang Yucheng, Executive Director Gong Xingfeng, four non-executive directors, and four independent non-executive directors.The Board has established five professional committees: the Strategy Committee, Investment Committee, Audit and Related Party Transaction Control Committee, Nomination and Compensation Committee, and Risk Management and Consumer Rights Protection Committee. The chairpersons and members of each committee have been explicitly designated to ensure the enhancement of corporate governance and effective supervision of various businesses. Among them, Yang Yucheng serves as the chairperson of the Strategy Committee, He Xingda serves...Show More

New China Life Insurance Company Limited announced the latest list of Board of Directors members along with their roles and functions on December 27, 2024. The Board consists of ten members, including Chairman and Executive Director Yang Yucheng, Executive Director Gong Xingfeng, four non-executive directors, and four independent non-executive directors.The Board has established five professional committees: the Strategy Committee, Investment Committee, Audit and Related Party Transaction Control Committee, Nomination and Compensation Committee, and Risk Management and Consumer Rights Protection Committee. The chairpersons and members of each committee have been explicitly designated to ensure the enhancement of corporate governance and effective supervision of various businesses. Among them, Yang Yucheng serves as the chairperson of the Strategy Committee, He Xingda serves as the chairperson of the Investment Committee, Guo Yongqing serves as the chairperson of the Audit and Related Party Transaction Control Committee, Xu Xu serves as the chairperson of the Nomination and Compensation Committee, and Yang Xue serves as the chairperson of the Risk Management and Consumer Rights Protection Committee.The announcement of the Board of Directors members and the composition of professional committees reflects the latest arrangements of New China Life Insurance in corporate governance, helping investors understand the company's leadership structure and decision-making mechanism. This improvement in transparency is beneficial for enhancing investor confidence in the company's management and laying a foundation for the company's long-term stable development.