China Life proposes dividend, reshapes governance with supervisory board removal

China Life Insurance Company's board of directors approved a 2025 interim cash dividend of CNY 0.238 per share (tax inclusive), totaling approximately CNY 6.727 billion, pending shareholder approval. This distribution follows a net profit attributable to parent company shareholders of CNY 40.931 billion for the first half of 2025. The company will also revise its Articles of Association, subject to shareholder and regulatory approval, including the removal of the supervisory board and transferring its functions to the audit committee.

These governance changes aim to streamline oversight and align with evolving regulatory standards. The board also approved amendments to the Rules of Procedure for the General Meeting and the Management Measures for Fixed Assets, and a capital plan for 2025-2027. The company's comprehensive solvency ratio was 190.94%, and its core solvency ratio was 139.54% as of June 30, 2025, both remaining above regulatory requirements.