China Life Insurance (601628.SH) announced on September 30th that the board of directors received a resignation letter, Mr. Bai Tao resigned as the chairman and executive director of the company due to job changes, with the resignation taking effect on the same day. Mr. Bai Tao has confirmed that he has no difference of opinion with the board of directors and no other matters related to his resignation need to be brought to the attention of the shareholders of the company. The board of directors sincerely thanked Mr. Bai Tao for his contributions during his tenure.

On the same day, the company held the sixth meeting of the eighth board of directors to review and pass the proposal on 'Electing the company's executive director Li Mingguang to act as the chairman.' The meeting elected the company's executive director and president, Mr. Li Mingguang, to act as the chairman and legal representative, with the term of office to be from the date of this board resolution until the date when the new chairman takes office. The company will expeditiously complete the selection of the chairman in accordance with relevant regulations.