China Life Proposes RMB17.47 Billion Final Dividend, Sets 25 June 2026 AGM, Seeks Board Mandate for Investments and Auditor Re-appointment

China Life Insurance Company Limited has released its 2025 Board Report and AGM circular outlining key resolutions for shareholder approval on 25 June 2026 in Beijing.

Key proposals and disclosures are as follows:

1. Dividend Proposal • A final cash dividend of RMB0.618 per share (tax inclusive) is proposed, totalling RMB17.47 billion. • Payment is scheduled for 20 August 2026 to shareholders on record as of 8 July 2026; the H-share register will be closed from 3–8 July. • The distribution will reduce the group’s solvency margin ratio by approximately 2.90 percentage points, leaving the core and comprehensive solvency ratios at 128.77% and 174.01%, respectively (31 December 2025 data).

2. 2025 Financial Statements Audited results for the year ended 31 December 2025, together with the Board’s annual report, will be tabled for approval.

3. Director and Supervisor Remuneration • Executive directors received total 2025 remuneration of RMB32.26 million, comprising RMB25.06 million in salary and RMB7.20 million in benefits. • Supervisors received total 2025 remuneration of RMB40.59 million, including RMB31.45 million in salary and RMB9.14 million in benefits. • Independent directors’ annual remuneration for 2026 is set at RMB4.20 million each (RMB3.00 million basic salary plus RMB1.20 million performance bonus).

4. Auditor Re-appointment • Ernst & Young Hua Ming LLP and Ernst & Young are nominated to continue as PRC and Hong Kong auditors for 2026 at a combined fee of RMB53.05 million.

5. Broad Board Authorisations Shareholders will vote on a comprehensive mandate empowering the Board to approve: • Equity and property investments, non-standard product purchases and asset acquisitions within defined caps (up to 10 % of latest audited net assets per project). • Fixed-asset purchases, technology system investments, disposals and write-offs within specified thresholds. • Debt financing other than bond issues up to 10 % of net assets per year. • External donations up to RMB80 million per item and 0.03 % of net assets annually. • Execution of connected-party transactions in line with regulatory limits.

6. Connected Transactions Overview During 2025, connected dealings totalled RMB656.01 billion, comprising: • Fund applications: RMB552.33 billion. • Services: RMB71.30 billion. • Insurance and other business: RMB28.53 billion. • Interest transfers: RMB3.85 billion.

7. Upcoming Meeting Logistics • AGM: 25 June 2026, 10:00 a.m., China Life Plaza, Beijing. • Proxy forms for H-shareholders must reach Computershare Hong Kong Investor Services by 10:00 a.m. on 24 June 2026.

Shareholders are encouraged to review the full circular and exercise their voting rights on the slated resolutions.