China Life to abolish Board of Supervisors, proposes interim dividend

China Life Insurance Company Limited announced plans to abolish its Board of Supervisors, transferring its functions to the audit committee under the Board of Directors. This change, along with amendments to the Articles of Association and procedural rules for shareholder and board meetings, will be voted on at the First Extraordinary General Meeting 2025 on September 25, 2025. These adjustments aim to enhance corporate governance and comply with regulatory requirements, taking effect upon shareholder and NFRA approval.

The company also proposed a 2025 interim profit distribution plan, recommending a cash dividend of RMB0.238 per share, totaling approximately RMB6,727 million, subject to shareholder approval. The Board of Directors believes these resolutions are in the best interests of the company and its shareholders. The H Share register will close from September 19 to September 25, 2025, to determine eligibility for meeting attendance, and from October 11 to October 16, 2025, for the interim dividend.