New China Life shareholders approve profit distribution, governance changes

New China Life Insurance Company Limited held its third extraordinary general meeting of shareholders on October 31, 2025, with 535 shareholders and proxies attending, representing 53.81% of total voting shares. Key resolutions passed included the 2025 interim profit distribution plan, revisions to the Company Articles of Association, and amendments to the Rules of Procedure for Shareholders' Meetings and Board of Directors' Meetings. The profit distribution plan received 99.84% of votes in favor from participating shareholders.

The meeting also approved the revised Company Articles of Association and the abolishment of the Supervisory Board, which were special resolutions requiring a two-thirds majority. The amendment to the Articles of Association garnered 99.59% of votes in favor. Similarly, the revisions to the Rules of Procedure for Shareholders' Meetings and Board of Directors' Meetings also passed with significant majorities.

The meeting was convened by the board of directors and presided over by chairman Yang Yucheng, with all 11 directors and 4 supervisors attending. Shanghai Fangda (Beijing) Law Firm provided legal opinion, confirming the legality and validity of the meeting's convocation, procedures, and resolutions.