NEW CHINA LIFE INSURANCE COMPANY LTD. (A joint stock company incorporated in the People s Republic of China with limited liability) (Stock Code: 1336)

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1 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. NEW CHINA LIFE INSURANCE COMPANY LTD. (A joint stock company incorporated in the People s Republic of China with limited liability) (Stock Code: 1336) ANNOUNCEMENT ON THE VOTING RESULTS OF THE FIRST EXTRAORDINARY GENERAL MEETING OF 2016 AND ELECTION OF EMPLOYEE REPRESENTATIVE SUPERVISORS FOR THE SIXTH SESSION OF THE BOARD OF SUPERVISORS CONVENING AND ATTENDANCE OF THE MEETING The first extraordinary general meeting of 2016 (the Meeting ) of New China Life Insurance Company Ltd. (the Company ) was held by way of a physical meeting on 4 March 2016 at NCI Tower, A12 Jianguomenwai Avenue, Chaoyang District, Beijing, the PRC. The Meeting was called by the board of directors (the Board ) of the Company and presided over by Mr. KANG Dian, chairman of the Board. The Meeting adopted both onsite voting and, for the A Share shareholders only, online voting. Computershare Hong Kong Investor Services Limited, the Company s H Share registrar, was appointed by the Company as the scrutineer for the voting. The convening of the Meeting was in compliance with the requirements of the applicable laws and regulations of the PRC, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules ) and the Articles of Association of New China Life Insurance Company Ltd. (the Articles of Association ). 10 of the 13 directors, 6 of the 7 supervisors, and the board secretary of the Company were present at the Meeting. Certain members of the senior management of the Company also attended the Meeting. The total number of issued shares of the Company as at the date of the Meeting was 3,119,546,600 shares, of which the A Shares and the H Shares were 2,085,439,340 shares and 1,034,107,260 shares respectively, which was the total number of eligible shares that entitled the shareholders to attend and vote for or against or abstain from voting on the resolutions proposed at the Meeting. In accordance with relevant laws and regulations, Central Huijin Investment Ltd., as the shareholder of the Company nominating Mr. ZHENG Wei, is required to abstain from voting on the Election of Mr. ZHENG Wei as the Independent Non-executive Director for the Sixth Session of the Board of the Company and Baosteel Group Corporation, as the shareholder of the Company nominating Mr. LI Xianglu, is required to abstain from voting on the Election of Mr. LI Xianglu as the Independent Non-executive Director for the Sixth Session of the Board of the Company. 1

2 To the best knowledge, information and belief of the directors of the Company, and save for the foregoing restrictions, there was no restriction on any shareholder casting votes on any of the proposed resolutions at the Meeting and no shareholder had any material interests in the matters considered at the Meeting and was required to abstain from voting at the Meeting. Details about the attendance of the shareholders and their authorized proxies at the Meeting are set out as follows: Number of shareholders and authorized proxies attending the Meeting 17 Of which: Number of A Share shareholders 15 Number of H Share shareholders 2 Total number of the voting shares held by the attendees (shares) 1,828,277,114 Of which: Total number of shares held by A Share shareholders 1,452,692,498 Total number of shares held by H Share shareholders 375,584,616 Percentage of the total number of voting shares of the Company (%) Of which: Percentage of the voting shares held by A Share shareholders to the total number of voting shares of the Company (%) Percentage of the voting shares held by H Share shareholders to the total number of voting shares of the Company (%) CONSIDERATION OF THE PROPOSALS The voting results in respect of the proposals at the Meeting are set out as follows: Special Resolution 1. To consider and approve the Amended Proposal on the Issue of 2016 Capital Supplement Bond. Numbers of votes & Percentage of the total voting shares at the Meeting (%) For Against Abstain 1,817,711, ,162, As more than two-thirds of the votes were cast in favor of this proposal, the proposal was duly passed as a special resolution. The issue of the capital supplement bond is still subject to the approval of regulatory authorities. 2

3 Ordinary Resolutions Numbers of votes & Percentage of the total voting shares at the Meeting (%) For Against Abstain 2. To consider and approve each item of the Proposal on the Election of Directors for the Sixth Session of the Board of the Company: 2.1 To elect Mr. WAN Feng as an executive director of the sixth session of the Board of the 2.2 To elect Mr. LI Zongjian as a non-executive 2.3 To elect Mr. LIU Xiangdong as a non-executive 2.4 To elect Ms. CHEN Yuanling as a non-executive 2.5 To elect Mr. WU Kunzong as a non-executive 2.6 To elect Mr. HU Aimin as a non-executive director of the sixth session of the Board of the 2.7 To elect Mr. DACEY John Robert as a non-executive 2.8 To elect Mr. ZHANG Guozheng as a non-executive 2.9 To elect Mr. LI Xianglu as an independent non-executive director of the sixth session of the Board of the 2.10 To elect Mr. NEOH Anthony Francis as an independent non-executive director of the sixth session of the Board of the 2.11 To elect Mr. ZHENG Wei as an independent non-executive director of the sixth session of the Board of the 1,821,852, ,787,560, ,663,912, ,813,186, ,356,661, ,827,686, ,343, ,021, ,313, ,961, ,687, , As more than half of the votes were cast in favor of each item of the proposal, each item of the proposal was duly passed as an ordinary resolution

4 Ordinary Resolutions Numbers of votes & Percentage of the total voting shares at the Meeting (%) For Against Abstain 3. To consider and approve each item of the Proposal on the Election of Shareholder Representative Supervisors for the Sixth Session of the Board of Supervisors of the Company: 3.1 To elect Mr. WANG Chengran as a shareholder representative supervisor of the sixth session of the board of supervisors of the 3.2 To elect Mr. LIU Zhiyong as a shareholder representative supervisor of the sixth session of the board of supervisors of the 3.3 To elect Mr. LIN Chi Fai Desmond as a shareholder representative supervisor of the sixth session of the board of supervisors of the Company. 1,814,812, ,814,812, ,825,099, ,062, ,062, ,775, As more than half of the votes were cast in favor of each item of the proposal, each item of the proposal was duly passed as an ordinary resolution. 4. To consider and approve each item of the Supplemental Proposal on the Election of Directors for the Sixth Session of the Board of the Company. 4.1 To elect Mr. CAMPBELL Robert David as an independent non-executive director of the sixth session of the Board of the 4.2 To elect Mr. FONG Chung Mark as an independent non-executive director of the sixth session of the Board of the Company 1,827,370, ,826,891, , , As more than half of the votes were cast in favor of each item of the proposal, each item of the proposal was duly passed as an ordinary resolution. Please refer to the circular of the Meeting published by the Company dated 18 January 2016 and the supplementary announcement for the Meeting published by the Company dated 19 February 2016 for the full text of the proposals. ELECTION OF DIRECTORS OF THE SIXTH SESSION OF THE BOARD OF THE COMPANY At the Meeting, the Proposal on the Election of Directors for the Sixth Session of the Board of the Company and Supplemental Proposal on the Election of Directors for the Sixth Session of the Board of the Company were duly approved by the shareholders of the Company. In accordance with the relevant laws and regulations of the PRC, the director qualifications of Mr. LI Zongjian, Ms. CHEN Yuanling, Mr. HU Aimin, Mr. ZHANG Guozheng, Mr. LI Xianglu, Mr. NEOH Anthony Francis and Mr. ZHENG Wei are subject to the approval of China Insurance Regulatory Commission. The appointment of Mr. NEOH Anthony Francis as an independent non-executive director of the Company is further subject to his resignation as an independent non-executive director from China Life Insurance Company Limited. The biographical details of the directors were set out in the circular of the Meeting published by the Company dated 18 January 2016 and supplemental announcement of the Meeting dated 19 February As at the date of this announcement, there has been no change of such information. 4

5 ELECTION OF SUPERVISORS OF THE SIXTH SESSION OF THE BOARD OF SUPERVISORS OF THE COMPANY At the Meeting, the Proposal on the Election of Shareholder Representative Supervisors for the Sixth Session of the Board of Supervisors of the Company was duly approved by the shareholders of the Company. In accordance with the relevant laws and regulations of the PRC, the supervisor qualifications of Mr. LIU Zhiyong and Mr. LIN Chi Fai Desmond are subject to the approval of China Insurance Regulatory Commission. The biographical details of the shareholder representative supervisors were set out in the circular of the Meeting published by the Company dated 18 January As at the date of this announcement, there has been no change of such information. The Company hereby announces that Mr. WANG Zhongzhu and Mr. BI Tao have been elected as employee representative supervisors of the sixth session of the board of supervisors of the Company through democratic ways including online voting by employees. Biographical details of Mr. WANG Zhongzhu and Mr. BI Tao are set forth as below: Mr. WANG Zhongzhu, aged 48, has been the director of discipline inspection and supervision office of the Company since January He also serves as the supervisor of the following subsidiaries of the Company: New China Life Excellent Health Investment Management Co., Ltd., Xinhua Village Seniors Business Management (Beijing) Co., Ltd., New China Electronic Commerce Co., Ltd., Hefei New China Life Supporting Construction Operation Management Co., Ltd. Mr. WANG has been engaged in discipline inspection and supervision work for long time. Mr. WANG has successively served as a staff, a deputy principle staff, principle staff, a deputy division head, a disciplinary inspector and a division head in Central Commission for Discipline Inspection of Communist Party of China and Ministry of Supervision of China from July 1988 to March Mr. WANG served as a presiding deputy director of the inspection office of the Company since April 2010 to January Mr. WANG received a bachelor s degree of economics in Investment Economic Management from Zhongnan University of Economics and Law in Mr. BI Tao, aged 41, has been the presiding deputy general manager of the audit department of the Company since January He also serves as the supervisor of the following subsidiaries of the Company: New China Village Health Technology (Beijing) Co., Ltd., Xinhua Village Seniors Business Management (Beijing) Co., Ltd., Xinhua Village Seniors Investment Management (Hainan) Co., Ltd., Xinhua Village Shanggu (Beijing) Real Estate Co., Ltd., New China Electronic Commerce Co., Ltd., Hefei New China Life Supporting Construction Operation Management Co., Ltd. Mr. BI has successively served as the head of audit office, an assistant to the general manager and a deputy general manager of the risk management department of the Shandong branch of the Company from October 2003 to September From September 2010 to January 2016, Mr. BI has successively served as the deputy division head and division head of planning and management division of the audit department, an assistant to the general manager of the audit department of the Company. Mr. BI received a bachelor s degree of economics in Accounting from Shandong University of Finance in

6 Mr. WANG Zhongzhu and Mr. BI Tao will enter into service contracts with the Company. Their terms of appointment shall be effective on the date of the establishment of the sixth session of the board of supervisors of the Company and end on the date of its expiry. They are eligible for reelection upon the expiry of their terms of appointment. Other than the emoluments received pursuant to their specific management positions, the employee representative supervisors do not receive any supervisor s fee. Save as disclosed above, the above employee representative supervisors (1) did not hold any other directorships in the last three years in public companies, and do not have any other major appointments and professional qualifications; (2) do not hold any other positions with the Company or any of its subsidiaries; and (3) do not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company. As of the date of this announcement, none of the above employee representative supervisors has any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The above employee representative supervisors confirm that there is no other matter that needs to be brought to the attention of the shareholders of the Company in respect of their appointments, nor is there any other information to be disclosed pursuant to any of the requirements of rule 13.51(2)(h) to (v) of the Listing Rules. LAWYER S CERTIFICATION The Company engaged Commerce & Finance Law Offices to certify the Meeting. Commerce & Finance Law Offices appointed attorney Mr. WU Gang and attorney Ms. XI Ying to attend the Meeting and issued the legal opinion stating that the convening of the Meeting, the qualifications of the shareholders and their authorized proxies who attended the Meeting, the qualifications of the convener, the voting process and the voting results of the resolutions as well as other relevant matters were all in compliance with the requirements of the applicable PRC laws and regulations and the Articles of Association. The resolutions made at the Meeting are legal and valid. Beijing, China, 4 March 2016 By Order of the Board New China Life Insurance Company Ltd. KANG Dian Chairman As at the date of this announcement, the executive directors of the Company are KANG Dian and WAN Feng; the non-executive directors are ZHAO Haiying, MENG Xingguo, LIU Xiangdong, WU Kunzong and DACEY John Robert; and the independent non-executive directors are CAMPBELL Robert David, CHEN Xianping, WANG Yuzhong, ZHANG Hongxin, ZHAO Hua and FONG Chung Mark. 6