New China Life shareholders approve bond issuance, elect directors

New China Life Insurance Company Ltd. announced the poll results of its fourth Extraordinary General Meeting of 2025, held on December 24, 2025. Key resolutions passed include the approval of a Proposal on the Issuance of Domestic Undated Capital Bonds, which garnered 99.971359% of votes in favor. Amendments to the Administrative Measures on Related Party Transactions also passed with 99.989481% of votes in favor.

The meeting also saw the election of directors for the ninth session of the board. All ten director re-election proposals, including that of chairman YANG Yucheng as an executive director with 98.707026% of votes, were passed as ordinary resolutions. Notably, Ms. Sau Fun CHEUNG was elected as an independent non-executive director, subject to regulatory approval.

The meeting recorded an attendance of 505 shareholders and authorized proxies, representing 1,686,394,626 voting shares, or 54.058966% of the company's total issued shares. The total number of issued shares as of the meeting date was 3,119,546,600.