NCI AGM Approves RMB6.43 B Final Dividend and Appoints New Non-Executive Director

New China Life Insurance Company Ltd. (NCI) disclosed the voting results of its 2025 Annual General Meeting (AGM), held on 26 June 2026 in Beijing, alongside details of its final dividend and board changes.

Key AGM Outcomes • All eight ordinary resolutions were passed, with support ratios ranging from 92.06% to 99.98%. • Shareholder participation reached 774 (772 A-share and 2 H-share holders), representing 53.61% of total issued shares (1.67 billion of 3.12 billion shares).

Board Changes • Shareholders endorsed the election of Mr Huang Geng as a Non-Executive Director for the ninth Board session. His term will start upon regulatory approval and run until the current Board’s mandate ends.

Dividend Distribution • A final dividend of RMB2.06 per share (inclusive of tax) was approved, equivalent to approximately RMB6.43 billion. • Together with the RMB2.09 billion interim payment made on 12 December 2025, total dividends for FY 2025 amount to about RMB8.52 billion. • For H-share investors, the dividend will be paid in Hong Kong dollars at HKD2.368671 per share, using the PBOC reference rate of HKD1 = RMB0.869686. • Key dates: – Last trading day with entitlement: 9 July 2026 – Ex-dividend date: 10 July 2026 – Book-closure: 14–17 July 2026 – Payment date: 7 August 2026

Tax Withholding Framework • Non-resident enterprise shareholders will have 10% enterprise income tax withheld. • Individual H-share holders will be subject to withholding rates of 10%–20%, depending on their tax-treaty status; refund procedures are available for eligible lower-treaty rates. • For Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect investors, dividend tax will follow prevailing mainland regulations, with a 10% withholding for Northbound investors (enterprise and individual) and a 20% rate for Southbound individual investors; domestic enterprise investors under Southbound trading must self-declare taxes.

Other Resolutions • Re-appointment of existing accounting firms was approved (92.06% in favour). • The remuneration policy for directors and senior management received 99.94% approval.

Legal & Compliance • Fangda Partners verified that the AGM’s convening, voting process and results complied with PRC regulations, Hong Kong Listing Rules and NCI’s Articles of Association.

With all resolutions carried, NCI proceeds to implement the approved dividend distribution and board appointment, reinforcing its capital return policy and governance structure.