EX-99.1 2 d511030dex991.htm EX-99.1 EX-99.1

Commission File Number 001-31914

Exhibit 99.1

 

LOGO

CHINA LIFE INSURANCE COMPANY LIMITED

(A joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 2628)

ANNOUNCEMENT ON SUPPLEMENTARY INFORMATION

REGARDING THE COMPENSATION OF DIRECTORS, SUPERVISORS AND SENIOR

MANAGEMENT MEMBERS IN 2011

Information regarding the compensation of Directors, Supervisors and senior management members reported by China Life Insurance Company Limited (the “Company”) in its 2011 Annual Report was on a preliminary basis. Information regarding their final compensation is reported as follows:

Unit: RMB ten thousand

 

Name

   

Position

    Basic
annual
salary		      Annual
performance
bonus		      Total
salary		      Including:
deferral
payment		      Welfare
(including
contribution
by the
employer to
compulsory
insurances,
housing
allowances,
etc.)		      Total
(before
tax)		      Including:
deferral
payment		      The actual payment in 2011
(before tax) (including
contribution by the
employer to compulsory
insurances, housing
allowances, etc.)		  
      1      2      3=1+2      4      5      6=3+5      7      8=6-7  

Yuan Li

   

Chairman and

Executive Director

      26.22         61.57         87.79         30.79         9.94         97.73         30.79         66.94   

Wan Feng

    Executive Director and President      40.45         94.99         135.44         47.50         26.20         161.64         47.50         114.14   

Lin Dairen

    Executive Director and Vice President      40.01         93.93         133.94         46.97         25.94         159.88         46.97         112.91   

Liu Yingqi

    Executive Director, Vice President and Board Secretary      40.01         93.93         133.94         46.97         25.94         159.88         46.97         112.91   

Miao Jianmin

    Non-executive Director      —           —           —           —           —           —           —           —     

Shi Guoqing

    Non-executive Director      —           —           —           —           —           —           —           —     

Commission File Number 001-31914

 

Name

   

Position

    Basic
annual
salary		      Annual
performance
bonus		      Total
salary		      Including:
deferral
payment		      Welfare
(including
contribution
by the
employer to
compulsory
insurances,
housing
allowances,
etc.)		      Total
(before
tax)		      Including:
deferral
payment		     The actual payment in 2011
(before tax) (including
contribution by the
employer to compulsory
insurances, housing
allowances, etc.)		  
      1      2      3=1+2      4      5      6=3+5      7     8=6-7  

Zhuang Zuojin

    Non-executive Director      —           —           —           —           —           —           —          —     

Ma Yongwei

    Independent Non-executive Director      —           —           —           —           —           —           —          —     

Sun Changji

    Independent Non-executive Director      —           —           —           —           —           —           —          —     

Bruce Douglas Moore

    Independent Non-executive Director      25.00         7.00         32.00         —           —           32.00         —          32.00   

Anthony Francis Neoh

    Independent Non-executive Director      25.00         5.00         30.00         —           —           30.00         —          30.00   

Xia Zhihua

    Chairperson of the Supervisory Committee      40.01         93.93         133.94         46.97         25.94         159.88         46.97        112.91   

Shi Xiangming

    Supervisor      58.98         41.53         100.51         —           25.02         125.53         —          125.53   

Yang Hong

    Employee Representative Supervisor      56.41         39.86         96.27         —           22.26         118.53         —          118.53   

Wang Xu

    Employee Representative Supervisor      56.41         39.86         96.27         —           24.14         120.41         —          120.41   

Tian Hui

    Supervisor      12.00         3.00         15.00         —           —           15.00         —          15.00   

Liu Jiade

    Vice President      40.01         93.93         133.94         46.97         25.94         159.88         46.97        112.91   

Zhou Ying

    Vice President      40.01         93.93         133.94         46.97         25.94         159.88         46.97        112.91   

Su Hengxuan

    Vice President      40.01         93.93         133.94         46.97         25.94         159.88         46.97        112.91   

Miao Ping

    Vice President      40.01         93.93         133.94         46.97         25.94         159.88         46.97        112.91   

Hwei-Chung Shao

    Chief Actuary      316.34         —           316.34         —           97.21         413.55         —          413.55   

Xu Hengping

    Chief Operating Officer      37.31         87.60         124.91         43.80         21.05         145.96         43.80        102.16   
Information regarding the compensation of the Directors, Supervisors and senior management members  retired in 2011   

Yang Chao

    Chairman and Executive Director      18.73         43.97         62.70         21.99         16.17         78.87         21.99        56.88   

TOTAL

    —        —           —           —           —           —           —           —          1,985.51   

Commission File Number 001-31914

 

Notes:

 

  1. The total compensation before tax in the above table refers to the total amount of compensation received by the Directors, Supervisors and senior management members of the Company for the year 2011 and includes the amount disclosed in the Company’s 2011 Annual Report.

 

  2. Pursuant to the relevant PRC regulations, Independent Non-executive Directors Ma Yongwei and Sun Changji did not receive any compensation from the Company in 2011.

 

  3. The compensation for Directors, Supervisors and senior management members of the Company is calculated based on their respective terms of office in 2011.

 

  4. The compensation for the Directors and Supervisors of the Company in 2011 is subject to the approval by the 2012 Annual General Meeting of the Company.

 

By Order of the Board

China Life Insurance Company Limited

Heng Kwoo Seng

Company Secretary

Hong Kong, 27 March 2013

As at the date of this announcement, the board of directors of the Company comprises:

 

Executive directors:    Yang Mingsheng, Wan Feng, Lin Dairen, Liu Yingqi
Non-executive directors:    Miao Jianmin, Zhang Xiangxian, Wang Sidong
Independent non-executive directors:    Sun Changji, Bruce Douglas Moore, Anthony Francis Neoh, Tang Jianbang