New China Life seeks to raise 100 bn yuan, elect new board

New China Life Insurance Company (601336.SSE) announced its fourth extraordinary general meeting of shareholders for December 24, 2025, at 2 PM in Beijing. Key agenda items include a proposal to issue non-fixed-term capital bonds in China, totaling no more than 100 billion yuan. These bonds aim to enhance the company's capital strength and optimize its capital structure. Shareholders will also vote on revisions to the 'Related Party Transaction Management Measures' and the election of the ninth board of directors.

The board election will involve individual voting for executive, non-executive, and independent directors. Yang Yucheng and Gong Xingfeng are nominated as executive directors, while Yang Xue, Mao Sixue, Hu Aiming, and Zhang Xiaodong are nominated as non-executive directors. Xu Xu, Guo Yongqing, Zhuo Zhi, and Zhang Xiufen are nominated as independent directors. All candidates, except Zhang Xiufen, are seeking re-election. Zhang Xiufen's appointment is pending regulatory approval.

The meeting will utilize both on-site voting and the Shanghai Stock Exchange's online voting system. The network voting period will be from 9:15 AM to 3:00 PM on December 24, 2025.