New China Life enters fund agreement for RMB10bn subscription

New China Life Insurance Company Ltd. (HKEX:1336) announced it has entered into a Fund Agreement to subscribe to the Guofeng Xinghua Honghu Zhiyuan Private Securities Investment Fund II, on May 22, 2025. The company will contribute RMB10 billion to the fund, managed by Guofeng Xinghua, with China Guangfa Bank Beijing Branch as the fund custodian. The fund's total size is RMB20 billion. This subscription qualifies as a discloseable transaction under Chapter 14 of the Listing Rules of the Hong Kong Stock Exchange. While announcement and reporting are required, the transaction is exempt from shareholders' approval. New China Life advises shareholders and potential investors to exercise caution when investing or trading in the company's securities, as the fund's formation is still subject to regulatory procedures and involves uncertainty.