New China Life adjusts board committees, updates 2023 executive compensation

New China Life Insurance Company Ltd. announced adjustments to its board committee compositions, effective August 28, 2025. Zhang Xiaodong was elected as a member of the Audit and Related Party Transaction Control Committee, the Nomination and Remuneration Committee, and the Risk Management and Consumer Rights Protection Committee.

Key committee chairs include Yang Yucheng for Strategy and ESG, Mao Sixue for Investment and Asset Liability Management, Guo Yongqing for Audit and Related Party Transaction Control, Xu Xu for Nomination and Remuneration, and Yang Xue for Risk Management and Consumer Rights Protection.

The company also released supplementary information on 2023 remuneration. Gong Xingfeng, executive director and president, received after-tax remuneration of RMB193.56 and paid individual income tax of RMB91.78. Liu Chongsong, employee representative supervisor, received RMB226.39 after-tax, with tax paid of RMB119.05. Qin Hongbo, vice president, received after-tax remuneration of RMB164.37 and paid RMB68.90 in tax.

For resigned personnel, Zhang Hong received RMB246.03 after-tax remuneration and paid RMB105.12 in individual income tax. Yang Zheng received RMB233.54 after-tax and paid RMB98.31 in tax. The remuneration figures represent the total annual remuneration for 2023 and have been reviewed and approved by the board.