China Life Insurance streamlines governance, discontinues supervisory committee

China Life Insurance Company Limited received approval from the National Financial Regulatory Administration (NFRA) for revisions to its Articles of Association. These revisions, initially approved at an extraordinary general meeting on September 25, 2025, signify the discontinuation of the company's supervisory committee. The revised Articles of Association took effect upon the NFRA's approval.

Going forward, the Board of Directors' Audit Committee will assume the responsibilities previously held by the supervisory committee, aligning with the "Company Law of the People's Republic of China" and relevant regulatory guidelines. As a result, Mr. Cao Weiqing, Mr. Gu Haishan, Ms. Ye Yinglan, and Mr. Dong Haifeng have ceased their roles as supervisors.

The company confirmed there are no disagreements with the departing supervisors. China Life expressed its sincere gratitude to the supervisors for their contributions during their tenure. The full text of the revised Articles of Association is available on the Shanghai Stock Exchange website and the company's website.