China Life fully divests its stake in Bank of Hangzhou

Bank of Hangzhou announced on October 1, 2025, that China Life Insurance Co. (China Life) has completed its previously disclosed share reduction plan. The plan, initially announced on July 16, 2025, aimed to divest up to 50,789,430 shares, representing 0.70% of the company's ordinary share capital.

China Life executed the reduction through centralized competitive bidding between July 21, 2025, and September 30, 2025. The shares were sold at prices ranging from CNY 15.23 to CNY 16.88 per share, totaling a transaction value of CNY 832,555,764.31.

Prior to the reduction, China Life held 50,789,430 shares. Following the completion of this plan, China Life no longer holds any shares in Bank of Hangzhou.