New China Life Insurance declares interim dividend after shareholder approval

New China Life Insurance Company Ltd. announced an interim dividend of 0.67 yuan per share (tax inclusive) for the six months ended June 30, 2025. This follows shareholder approval at the Third Extraordinary General Meeting of 2025 held on October 31, 2025. The total dividend is approximately 2,090m yuan, representing about 14.1% of the net profit attributable to shareholders for the first half of 2025.

Dividends for H share shareholders will be paid in Hong Kong dollars, converted at an arithmetic average central parity exchange rate of HK$1 = 0.912270 yuan, resulting in HK$0.73443169 per share (tax inclusive). The ex-dividend date is November 13, 2025, with a record date of November 20, 2025, and payment scheduled for December 12, 2025.

Withholding tax rates for the dividend vary by shareholder type and domicile. Non-resident enterprise shareholders are subject to a 10% enterprise income tax. Individual H share shareholders will face either a 10% or 20% individual income tax, depending on their country of domicile and tax treaty status with the PRC. Northbound Trading Investors will have a 10% income tax withheld, while Southbound Trading Investors will incur a 20% individual income tax.