6-K

Commission File Number 001-31914

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

August 26, 2020

China Life Insurance Company Limited

(Translation of registrant’s name into English)

16 Financial Street

Xicheng District

Beijing 100033, China

Tel: (86-10) 6363-3333

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes  ☐            No  ☒

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            

Commission File Number 001-31914

China Life Insurance Company Limited issued an announcement on August 26, 2020, a copy of which is attached as Exhibit 99.1 hereto.

Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2019 filed with the U.S. Securities and Exchange Commission, or SEC, on April 29, 2020 and in the Company’s other filings with the SEC. You should not place undue reliance on these forward-looking statements. All information provided in this announcement is as of the date of this announcement, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law. Unless otherwise indicated, the Chinese insurance market information set forth in this announcement is based on public information released by the China Banking and Insurance Regulatory Commission.

EXHIBIT LIST

Exhibit	Description
99.1	Announcement, dated August 26, 2020

Commission File Number 001-31914

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		China Life Insurance Company Limited
		(Registrant)
	By:	/s/ Su Hengxuan
		(Signature)
August 26, 2020	Name: Title:	Su Hengxuan President and Executive Director

EX-99.1

EXHIBIT 99.1

Commission File Number 001-31914

中國人壽保險股份有限公司

CHINA LIFE INSURANCE COMPANY LIMITED

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

(Stock Code: 2628)

SUMMARY OF SOLVENCY QUARTERLY REPORT OF

INSURANCE COMPANY ^NOTE

(SECOND QUARTER OF 2020)

1. BASIC INFORMATION

(1) Basic Information of the Company

Name of the Company in Chinese:	中國人壽保險股份有限公司
Name of the Company in English:	China Life Insurance Company Limited
Legal Representative:	Wang Bin
Registered Address:	16 Financial Street, Xicheng District, Beijing, P.R. China
Business Scope:	Life, health, accident and other types of personal insurance businesses; reinsurance of the personal insurance businesses; funds management business permitted by national laws and regulations or approved by the State Council; personal insurance services, consulting and agency businesses; sale of securities investment funds; other businesses approved by the national insurance regulatory departments.
Business Area:	the People’s Republic of China, for the purpose of this report, excluding the Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan region (the “PRC”)

Notes:

1. This summary of solvency quarterly report is prepared in accordance with the “Regulatory Rules of Solvency of Insurance Companies (No. 1-17)” issued by the former China Insurance Regulatory Commission.

2. According to the “Plan for Institutional Reform of the State Council” voted and passed at the first meeting of the 13th National People’s Congress of the PRC, the China Banking and Insurance Regulatory Commission (the “CBIRC”) has been formed through the consolidation of the duties and responsibilities of both the China Banking Regulatory Commission and the China Insurance Regulatory Commission, and such two commissions will no longer exist. The CBIRC has officially been put into operation since April 8, 2018.

1

(2) Shareholding Structure, Shareholders and Their Changes

1) Shareholding Structure

Unit: Ten thousand shares or RMB ten thousand

Category

At the beginning of the period

Changes in the number of shares or shareholding percentage during the period

At the end of the period

Shares or capital contribution

Percentage (%)

Capital injection by shareholders

Capital reserve transfer and distribution of dividend

Equity transfer

Sub-total

Shares or capital contribution

Percentage (%)

RMB ordinary shares

2,082,353

73.67

–

–

–

–

2,082,353

73.67

Overseas listed foreign shares

744,118

26.33

–

–

–

–

744,118

26.33

Total

2,826,471

100.00

–

–

–

–

2,826,471

100.00

Note: Currently, there is no feature in the shareholders’ information enquiry platform that can track down the type of shareholders according to the classification of “state-owned shares, corporate legal shares, foreign invested shares and natural person shares”. As such, the above information is presented by the Company based on the shareholding structure as disclosed in its annual report.

2) Effective Controller

The effective controller of the Company is the Ministry of Finance of the PRC (the “MOF”). The equity and controlling relationship between the Company and its effective controller is set out below:

Note: In order to carry out relevant arrangement under the “Notice of the State Council on Issuing the Implementation Plan for Transferring Part of State-owned Capital to Supplement Social Security Fund” (Guo Fa [2017] No. 49), and pursuant to the “Approval on Change of Shareholder of China Life Insurance (Group) Company” (Yin Bao Jian Fu [2020] No. 63) issued by the CBIRC, the CBIRC has approved the one-off transfer by the MOF of 10% of its equity interest in China Life Insurance (Group) Company (the “CLIC”) to the National Council for Social Security Fund (the “SSF”). Following completion of the transfer, the MOF and the SSF hold 90% and 10% equity interest in CLIC, respectively, which in turn holds 68.37% equity interest in the Company. CLIC remains as the controlling shareholder of the Company, and the MOF remains as the effective controller of the Company.

2

3) Top Ten Shareholders (in the descending order of their shareholding percentage in the Company as at the end of the period)

	Unit: Ten thousand shares or RMB ten thousand
Name of shareholder	Type of shares		Changes in the number of shares held by the shareholder or the amount of capital contribution during the period		Number of shares held by the shareholder or the amount of capital contribution as at the end of the period		Shareholding percentage as at the end of the period			Number of shares pledged or frozen
China Life Insurance (Group) Company		State-owned shares		0		1,932,353		68.37	%		0
HKSCC Nominees Limited		Foreign shares		-30		732,493		25.92	%		0
China Securities Finance Corporation Limited		State-owned shares		0		72,394		2.56	%		0
Central Huijin Asset Management Limited		State-owned shares		0		11,972		0.42	%		0
Hong Kong Securities Clearing Company Limited		Foreign shares		449		6,630		0.23	%		0
China Universal Asset Management Co., Ltd – Industrial and Commercial Bank of China Limited – China Universal – Tianfu Bull No. 53 Asset Management Plan		Other		0		1,502		0.05	%		0
China National Nuclear Corporation		State-owned shares		0		1,240		0.04	%		0
Industrial and Commercial Bank of China Limited – SSE 50 Exchange Traded Index Securities Investment Fund		Other		-219		1,129		0.04	%		0
China International Television Corporation		State-owned shares		0		1,000		0.04	%		0
Abu Dhabi Investment Authority		Foreign shares		-86		917		0.03	%		0
Total		—		114		2,761,630		97.70	%		0

Notes:

1. The figures shown in the columns of “Changes in the number of shares held by the shareholder or the amount of capital contribution during the period” and “Number of shares held by the shareholder or the amount of capital contribution as at the end of the period” in this table refer to the number of shares held (Unit: Ten thousand shares).

2. Due to the impact of the difference derived from rounding, there may be a difference between the total number of “Shareholding percentage as at the end of the period” and the sum of the shareholding percentage of the top ten shareholders.

3

Details of shareholders

1.  HKSCC Nominees Limited is a company that holds shares on behalf of the clients of the Hong Kong stock brokers and other participants of the CCASS system. Since the relevant regulations of The Stock Exchange of Hong Kong Limited do not require such persons to declare whether their shareholdings are pledged or frozen, HKSCC Nominees Limited is unable to calculate or provide the number of shares that are pledged or frozen.

2.  China Universal Asset Management Co., Ltd – Industrial and Commercial Bank of China Limited – China Universal – Tianfu Bull No. 53 Asset Management Plan has Industrial and Commercial Bank of China Limited as its asset trustee. Industrial and Commercial Bank of China Limited – SSE 50 Exchange Traded Index Securities Investment Fund has Industrial and Commercial Bank of China Limited as its fund depositary. Save as above, the Company was not aware of any connected relationship and concerted parties as defined by the “Measures for the Administration of the Takeover of Listed Companies” among the top ten shareholders of the Company.

(3) Subsidiaries, Joint Ventures and Associated Corporations

	Unit: Ten thousand shares or RMB ten thousand
	Company name	Type of company	Number of shares held or cost						Shareholding percentage
			At the beginning of the period		At the end of the period		Change in amount		At the beginning of the period			At the end of the period			Change in percentage
1	China Life (Suzhou) Pension and Retirement Investment Company Limited	Subsidiary		178,600		199,065		20,465		100.00	%		100.00	%		0.00	%
2	China Life Pension Company Limited	Subsidiary		240,518		240,518		0		70.74	%		70.74	%		0.00	%
3	China Life Asset Management Company Limited	Subsidiary		240,000		240,000		0		60.00	%		60.00	%		0.00	%

4

	Company name	Type of company		Number of shares held or cost						Shareholding percentage
				At the beginning of the period		At the end of the period		Change in amount		At the beginning of the period			At the end of the period			Change in percentage
4	Shanghai Rui Chong Investment Co., Limited		Subsidiary		680,000		680,000		0		100.00	%		100.00	%		0.00	%
5	Golden Phoenix Tree Limited		Subsidiary		12		12		0		100.00	%		100.00	%		0.00	%
6	New Aldgate Limited		Subsidiary		116,813		116,813		0		100.00	%		100.00	%		0.00	%
7	CL Hotel Investor, L.P.		Subsidiary		0		0		0		100.00	%		100.00	%		0.00	%
8	Glorious Fortune Forever Limited		Subsidiary		0		0		0		100.00	%		100.00	%		0.00	%
9	Fortune Bamboo Limited		Subsidiary		243,488		243,488		0		100.00	%		100.00	%		0.00	%
10	Golden Bamboo Limited		Subsidiary		199,288		199,288		0		100.00	%		100.00	%		0.00	%
11	Sunny Bamboo Limited		Subsidiary		187,565		187,565		0		100.00	%		100.00	%		0.00	%
12	China Life (Beijing) Health Management Company Limited		Subsidiary		153,000		153,000		0		100.00	%		100.00	%		0.00	%
13	Ningbo Meishan Bonded Port Area Guo Yang Guo Sheng Investment Partnership (Limited Partnership)		Subsidiary		315,000		283,500		-31,500		99.997	%		89.997	%		-10.00	%
14	Ningbo Meishan Bonded Port Area Bai Ning Investment Partnership (Limited Partnership)		Subsidiary		168,000		168,000		0		99.98	%		99.98	%		0.00	%
15	Shanghai Yuan Shu Yuan Jiu Investment Management Partnership (Limited Partnership)		Subsidiary		60,600		60,600		0		99.98	%		99.98	%		0.00	%
16	Shanghai Yuan Shu Yuan Pin Investment Management Partnership (Limited Partnership)		Subsidiary		60,600		60,600		0		99.98	%		99.98	%		0.00	%
17	Shanghai Wansheng Industry Partnership (Limited Partnership)		Subsidiary		401,200		401,200		0		99.98	%		99.98	%		0.00	%
18	Wuhu Yuanxiang Tianyi Investment Management Partnership (Limited Partnership)		Subsidiary		53,256		53,256		0		99.98	%		99.98	%		0.00	%
19	Wuhu Yuanxiang Tianfu Investment Management Partnership (Limited Partnership)		Subsidiary		53,256		53,256		0		99.98	%		99.98	%		0.00	%

5

	Company name	Type of company		Number of shares held or cost						Shareholding percentage
				At the beginning of the period		At the end of the period		Change in amount		At the beginning of the period			At the end of the period			Change in percentage
20	CBRE Global Investors U.S. Investment I, LLC		Subsidiary		285,943		285,943		0		99.99	%		99.99	%		0.00	%
21	China Life Guangde (Tianjin) Equity Investment Fund Partnership (Limited Partnership)		Subsidiary		1,000		12,837		11,837		99.95	%		99.95	%		0.00	%
22	Annoroad Gene Technology (Beijing) Co., Ltd.		Associated corporation		25,000		25,000		0		13.09	%		13.09	%		0.00	%
23	China Life Property and Casualty Insurance Company Limited		Associated corporation		600,000		600,000		0		40.00	%		40.00	%		0.00	%
24	China Guangfa Bank Co., Ltd.		Associated corporation		860,063		860,063		0		43.69	%		43.69	%		0.00	%
25	COFCO Futures Company Limited		Associated corporation		29,617		29,617		0		35.00	%		35.00	%		0.00	%
26	Sino-Ocean Group Holding Limited		Associated corporation		225,346		225,346		0		29.59	%		29.59	%		0.00	%
27	Shanghai Jinshida Winning Software Technology Co., Limited		Associated corporation		19,200		19,200		0		20.98	%		20.98	%		0.00	%
28	Sinopec Sichuan to East China Gas Pipeline Co., Ltd.		Associated corporation		2,000,000		2,000,000		0		43.86	%		43.86	%		0.00	%
29	China United Network Communications Limited		Associated corporation		2,182,958		2,180,168		-2,790		10.30	%		10.28	%		-0.02	%
30	GLP Guoyi (Zhuhai) Acquisitions Fund (Limited Partnership)		Associated corporation		527,058		595,277		68,219		81.63	%		81.63	%		0.00	%
31	China Power Investment Nuclear Power Co,. Ltd.		Associated corporation		800,000		800,000		0		26.76	%		26.76	%		0.00	%
32	AVIC Investment Holding Limited		Associated corporation		600,000		600,000		0		16.70	%		16.70	%		0.00	%
33	Wonders Information Co., Ltd.		Associated corporation		231,649		329,828		98,179		13.37	%		18.21	%		4.84	%
34	CCB Trust Sharing No. 9 Urbanization Investment Private Equity Fund		Associated corporation		100,000		100,000		0		24.89	%		24.89	%		0.00	%

6

	Company name	Type of company		Number of shares held or cost						Shareholding percentage
				At the beginning of the period		At the end of the period		Change in amount		At the beginning of the period			At the end of the period			Change in percentage
35	Nanning China Life Shenrun Investment Development Fund Partnership (Limited Partnership)		Joint venture		378,000		378,000		0		60.00	%		60.00	%		0.00	%
36	China Life (Sanya) Health Investments Co., Ltd.		Joint venture		30,600		30,600		0		51.00	%		51.00	%		0.00	%
37	RXR 1285 Holdings JV LLC		Joint venture		144,065		144,065		0		51.55	%		51.55	%		0.00	%
38	Beijing China Life Communications Construction City Development Investment Fund (Limited Partnership)		Joint venture		1,185,330		1,185,330		0		49.9999	%		49.9999	%		0.00	%
39	China Life Haikong (Hainan) Healthy Investment Co., Ltd.		Joint venture		10,200		10,200		0		51.00	%		51.00	%		0.00	%
40	China Life Vanke No. 1 (Jiaxing) Health Pension Industrial Investment Partnership (Limited Partnership)		Joint venture		15,600		15,600		0		59.82	%		59.82	%		0.00	%
41	China Life Vanke No. 2 (Jiaxing) Health Pension Industrial Investment Partnership (Limited Partnership)		Joint venture		15,600		15,600		0		59.82	%		59.82	%		0.00	%
42	China Life Qiaocheng (Shenzhen) Investment Partnership (Limited Partnership)		Joint venture		935,966		935,966		0		84.99	%		84.99	%		0.00	%
43	Shandong New and Old Kinetic Energy Conversion China Life High-end Equipment Equity Investment Fund Partnership (Limited Partnership)		Joint venture		1,000		1,000		0		79.00	%		79.00	%		0.00	%
44	China Life (Jiangsu) Jiequan Health Industry Investment Fund (Limited Partnership)		Joint venture		0		100		100		0.00	%		60.00	%		60.00	%

Note: The figures shown in the “Number of shares held or cost” column under items numbered 1, 4-23 and 27-44 in this table refer to the amount of investment cost (Unit: RMB ten thousand).

7

(4) Basic Information of the Directors, Supervisors and Senior Management

1) Basic Information of the Directors

Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Wang Bin	November 1958	Doctoral degree in Economics	Since December 3, 2018	Chairman, Executive Director	Yin Bao Jian Fu (2018) No. 322	Chairman of China Life Insurance (Group) Company Chairman of China Life Asset Management Company Limited Chairman of China Life Insurance (Overseas) Company Limited Director of China Shimao Investment Company Limited Director of China World Trade Center Limited Chairman of China Guangfa Bank Co., Ltd.	Mr. Wang became an Executive Director and the Chairman of the Company in December 2018. He has been the Chairman and the Secretary to the Party Committee of China Life Insurance (Group) Company since August 2018. From March 2012 to August 2018, he served as the Chairman and the Secretary to the Party Committee of China Taiping Insurance Group Ltd.
Su Hengxuan	February 1963	Doctoral degree in Management	Since December 20, 2018	Executive Director	Yin Bao Jian Xu Ke (2018) No. 562	Vice President of China Life Insurance (Group) Company CPPCC member of Xicheng District, Beijing Director of China Life Asset Management Company Limited Director of China Life Pension Company Limited Director of China Life Property and Casualty Insurance Company Limited	Mr. Su became an Executive Director of the Company in December 2018. He has been the President of the Company since April 2019. He has been the Vice President of China Life Insurance (Group) Company since December 2017. He was the President of China Life Pension Company Limited from March 2015 to February 2018.

8

Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Li Mingguang	July 1969	Master’s degree in Economics, EMBA for the senior management	Since August 16, 2019	Executive Director	Jing Yin Bao Jian Fu (2019) No. 635	Executive Director of the China Association of Actuaries Chief Actuary of China Life Pension Company Limited	Mr. Li became an Executive Director of the Company in August 2019. He has been the Board Secretary of the Company since June 2017, the Vice President of the Company since November 2014 and the Chief Actuary of the Company since March 2012.
Yuan Changqing	September 1961	Master’s degree in Business Administration	Since February 11, 2018	Non- executive Director	Bao Jian Xu Ke (2018) No. 196	Vice Chairman and President of China Life Insurance (Group) Company Director of China Life Asset Management Company Limited Chairman of China Life Pension Company Limited Chairman of China Life Property and Casualty Insurance Company Limited Director of China Shimao Investment Company Limited Director of China World Trade Center Limited Vice Chairman of the China Chamber of International Commerce Vice Chairman of the National Association of Financial Market Institutional Investors	Mr. Yuan became a Non-executive Director of the Company in February 2018. He is the Vice Chairman, President and Deputy Secretary to the Party Committee of China Life Insurance (Group) Company. Mr. Yuan served as the Chairman of the Supervisory Committee and the Deputy Secretary to the Party Committee of Agricultural Bank of China Limited from April 2015 to May 2017.

9

Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Liu Huimin	June 1965	Doctoral degree in Law	Since July 31, 2017	Non- executive Director	Bao Jian Xu Ke (2017) No. 897	Vice President of China Life Insurance (Group) Company Vice Chairman of the Insurance Society of China Director of China Life Pension Company Limited Chairman of China Life E-commerce Company Limited	Mr. Liu became a Non-executive Director of the Company in July 2017. He has been the Vice President of China Life Insurance (Group) Company since September 2013. He served as the President of China Life Asset Management Company Limited from September 2013 to August 2016.
Yin Zhaojun	July 1965	Master’s degree in Public Administration	Since July 31, 2017	Non- executive Director	Bao Jian Xu Ke (2017) No. 897	Vice President of China Life Insurance (Group) Company Chairman of China Life Investment Holding Company Limited President of China Guangfa Bank Co., Ltd. Chairman of China Insurance Building Co., Ltd. Director of China United Network Communications Limited Chairman of the second session of the Statistics Professional Committee of the Insurance Association of China Vice Chairman of the Banking Accounting Society of China	Mr. Yin became a Non-executive Director of the Company in July 2017. He has been the President of China Guangfa Bank Co., Ltd. since September 2019, and the Vice President of China Life Insurance (Group) Company since October 2016. He successively served as the President of Shanxi Branch, Hebei Branch and Beijing Branch of the Bank of Communications from 2011.

10

Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Wang Junhui	July 1971	Doctoral degree in Finance	Since August 16, 2019	Non- executive Director	Jing Yin Bao Jian Fu (2019) No. 635	Chief Investment Officer of China Life Insurance (Group) Company President of China Life Asset Management Company Limited Director of China Life Property and Casualty Insurance Company Limited Chairman of China Life AMP Asset Management Company Limited Chairman of China Life Franklin Asset Management Company Limited Chairman of Binhai (Tianjin) Financial Assets Trade Center Co., Ltd.	Mr. Wang became a Non-executive Director of the Company in August 2019. He has been the Chief Investment Officer of China Life Insurance (Group) Company and the President of China Life Asset Management Company Limited since August 2016, the Chairman of China Life Franklin Asset Management Company Limited since September 2016 and the Chairman of China Life AMP Asset Management Company Limited since December 2016. From 2004 to 2016, he served as an Assistant to the President and the Vice President of China Life Asset Management Company Limited, and the President of China Life Investment Holding Company Limited.
Chang Tso Tung Stephen	November 1948	Bachelor’s degree in Science	Since October 20, 2014	Independent Director	Bao Jian Xu Ke (2014) No. 864	Independent Non-executive Director of Kerry Properties Limited Independent Non-executive Director of Hua Hong Semiconductor Limited	Mr. Chang became an Independent Director of the Company in October 2014.
Robinson Drake Pike	October 1951	Master’s degree in Economics	Since July 11, 2015	Independent Director	Bao Jian Xu Ke (2015) No. 718	Director of Yale-China Association	Mr. Pike became an Independent Director of the Company in July 2015.

11

Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Tang Xin	September 1971	Doctoral degree in Law	Since March 7, 2016	Independent Director	Bao Jian Xu Ke (2016) No. 150	Member of the Listing Committee of the Shanghai Stock Exchange Chairman of the Independent Director Committee of the China Association for Public Companies Independent Director of Harvest Fund Management Co., Ltd. Independent Director of GF Securities Co., Ltd. Independent Director of Bank of Guizhou Co., Ltd.	Mr. Tang became an Independent Director of the Company in March 2016.
Leung Oi-Sie Elsie	April 1939	Master’s degree in Law	Since July 20, 2016	Independent Director	Bao Jian Xu Ke (2016) No. 717	Consultant of Iu, Lai & Li Solicitors & Notaries Consultant of Fok Ying Tung Ming Yuan Development Company Limited Independent Non-executive Director of United Company RUSAL Plc Independent Non-executive Director of China Resources Power Holdings Company Limited Independent Non-executive Director of PetroChina Company Limited	Ms. Leung became an Independent Director of the Company in July 2016.

12

2)    Basic Information of the Supervisors

Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Jia Yuzeng	June 1962	Master’s degree in Business Administration	Since July 11, 2018	Chairman of the Board of Supervisors	Yin Bao Jian Xu Ke (2018) No. 562		Mr. Jia became the Chairman of the Board of Supervisors of the Company in July 2018. From 2013 to 2018, he served as the Vice President and the Board Secretary of China Life Pension Company Limited.
Luo Zhaohui	March 1974	Doctoral degree in Finance	Since February 11, 2018	Supervisor	Bao Jian Xu Ke (2018) No. 196	General Manager of the Strategic Planning Department of China Life Insurance (Group) Company	Mr. Luo became a Supervisor of the Company in February 2018. He was seconded to Shijiazhuang Branch of the Company in Hebei Province as the Deputy General Manager during the period from November 2013 to October 2015, and served as the Deputy General Manager of the Strategic Planning Department of China Life Insurance (Group) Company from July 2016 to November 2019. Mr. Luo has been the General Manager of the Strategic Planning Department of China Life Insurance (Group) Company since November 2019.
Han Bing	November 1971	Bachelor’s degree in Economics	Since July 12, 2019	Supervisor	Jing Yin Bao Jian Fu (2019) No. 492		Mr. Han became a Supervisor of the Company in July 2019. He has been the General Manager of the Human Resources Department of the Company since December 2018. He served as the General Manager of the Human Resources Department of China Life Pension Company Limited from March 2016 to December 2018. During the period from 2014 to 2016, he successively served as the Deputy General Manager of Ningbo Branch, and the Deputy General Manager of Tibet Autonomous Region Branch of the Company.

13

Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Cao Qingyang	May 1963	Doctoral degree in Economics	Since July 12, 2019	Employee Representative Supervisor	Jing Yin Bao Jian Fu (2019) No. 492		Mr. Cao became a Supervisor of the Company in July 2019. He has been the General Manager of the Product Development Department of the Company since February 2011.
Wang Xiaoqing	October 1965	Bachelor’s degree in Engineering	Since December 27, 2019	Employee Representative Supervisor	Jing Yin Bao Jian Fu (2019) No. 1110		Ms. Wang became a Supervisor of the Company in December 2019. She has been the Deputy General Manager of the Risk Management Department of the Company since April 2018. She served as the Secretary to the Discipline Inspection Committee of Tibet Autonomous Region Branch of the Company from May 2016 to April 2018. From 2010 to 2016, she successively served as an Assistant to the General Manager and the Deputy General Manager of the County Insurance Department, and the Deputy General Manager of the Audit Department of the Company.

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3) Basic Information of the Senior Management of the Head Office

Name	Month and year of birth	Academic qualification (degree)	Commencement month and year	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Huang Xiumei	June 1967	Bachelor’s degree	Since May 2020	Vice President, Person in charge of Finance	Jing Yin Bao Jian Fu (2020) No. 232 Jing Yin Bao Jian Fu (2020) No. 261		Ms. Huang became the Vice President and the Person in charge of Finance of the Company in May 2020. She served as the Vice President, the Board Secretary and the Person in charge of Finance of China Life Pension Company Limited from 2016 to 2020. She served as the Financial Controller and the General Manager of the Financial Management Department of the Company from 2014 to 2016.
Ruan Qi	July 1966	EMBA for the senior management	Since April 2018	Vice President	Yin Bao Jian Xu Ke (2018) No. 63		Mr. Ruan became the Vice President of the Company in April 2018. He served as the Chief Information Technology Officer of the Company from January 2018 to April 2018. He served as the Chief Information Technology Officer and the General Manager (at the general manager level of the provincial branches) of the Information Technology Department of the Company from October 2016 to January 2018. He successively served as the General Manager of China Life Data Center and the General Manager (at the general manager level of the provincial branches) of the Information Technology Department of the Company from 2014 to 2016.
Zhan Zhong	April 1968	Bachelor’s degree in Engineering	Since July 2019	Vice President	Jing Yin Bao Jian Fu (2019) No. 493		Mr. Zhan became the Vice President of the Company in July 2019. He served as the Marketing Director of the Company from August 2017 to July 2019 and an Employee Representative Supervisor of the Company from July 2015 to August 2017. He served as the General Manager (at the general manager level of provincial branches) of the Individual Insurance Sales Department of the Company from July 2014 to August 2017.

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Name	Month and year of birth	Academic qualification (degree)	Commencement month and year	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Yang Hong	February 1967	EMBA for the senior management	Since July 2019	Vice President	Jing Yin Bao Jian Fu (2019) No. 493	Vice President of China Life E-commerce Company Limited	Ms. Yang became the Vice President of the Company in July 2019. She served as the Operation Director of the Company from March 2018 to July 2019. She successively served as the Deputy General Manager (responsible for daily operations) and General Manager of the Research and Development Center, the General Manager (at the general manager level of the provincial branches) of the Business Management Department and the General Manager (at the general manager level of the provincial branches) of the Business Process Management Department of the Company from 2011 to 2018.
Zhao Guodong	November 1967	Bachelor’s degree	Since October 2019	Assistant to the President	Jing Yin Bao Jian Fu (2019) No. 851	Chairman of the Insurance Society of Jiangsu Province Vice Chairman of the Insurance Association of Jiangsu Province	Mr. Zhao became an Assistant to the President in October 2019. He has been the General Manager of Jiangsu Branch of the Company since August 2018. During the period from 2016 to 2018, he successively served as the Deputy General Manager (responsible for daily operations) and the General Manager of Chongqing Branch, and the General Manager of Hunan Branch of the Company. From 2007 to 2016, he successively served as the Deputy General Manager of Fujian Branch and the Deputy General Manager of Hunan Branch of the Company.

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Name	Month and year of birth	Academic qualification (degree)	Commencement month and year	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Xu Chongmiao	October 1969	Doctoral degree in Law	Since July 2018	Compliance Officer, General Manager of the Legal and Compliance Department	Yin Bao Jian Xu Ke (2018) No. 593		Mr. Xu became the Compliance Officer of the Company in July 2018. He has been the General Manager of the Legal and Compliance Department and the Legal Officer of the Company since September 2014.

Notes:

1. All information set forth in this table is as at the end of the reporting period, and this table only provides the basic information of the senior management officers of the Head Office who are not Directors or Supervisors. For details of other senior management officers of the Head Office, please refer to the tables under the basic information of the Directors and Supervisors.

2. The changes of the Directors, Supervisors and senior management during the reporting period and as at the disclosure date of this report:

1) Due to the adjustment of work arrangements, Mr. Zhao Peng tendered his resignation to the Board of Directors of the Company on April 23, 2020, resigning from his positions as an Executive Director, a member of the Strategy and Assets and Liabilities Management Committee and the Person in charge of Finance of the Company with effect from the same date.

2) As considered and approved by the twenty-fifth meeting of the sixth session of the Board of Directors of the Company, Ms. Huang Xiumei has been appointed as the Vice President and the Person in charge of Finance of the Company. The qualification of Ms. Huang for such appointments has been approved by the CBIRC and she has been the Vice President and the Person in charge of Finance of the Company since May 2020.

3) Mr. Lam Chi Kuen was elected as an Independent Director of the sixth session of the Board of Directors of the Company at the 2019 Annual General Meeting of the Company. The qualification of Mr. Lam Chi Kuen as a Director is still subject to the approval of the Beijing Bureau of the CBIRC.

4) Due to the adjustment of work arrangements, Mr. Luo Zhaohui ceased to serve as an Non-employee Representative Supervisor of the sixth session of the Board of Supervisors of the Company from July 22, 2020.

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(5) Contact Person and Contact Information with Respect to the Public Disclosure of Solvency Information

Name of Contact Person:	He Zheng
Office Phone Number:	010-63631371
Fax Number:	010-66575722
E-mail:	c-rossinfo@e-chinalife.com

2. KEY INDICATORS

Unit: RMB ten thousand

Items	Figures of the Current Quarter			Figures of the Preceding Quarter
Core solvency surplus		61,109,266.43			64,060,872.17
Core solvency ratio		258.24	%		272.15	%
Comprehensive solvency surplus		64,612,872.94			67,564,658.57
Comprehensive solvency ratio		267.31	%		281.57	%
Gross written premiums		11,959,107.26			30,777,586.57
Net profit		1,314,453.25			1,750,321.06
Net asset		41,530,134.91			41,298,239.41

Note: Gross written premiums, net profit and net asset are prepared in accordance with the China Accounting Standards for Business Enterprises.

The result of the integrated risk rating of the Company in the recent quarter (being the first quarter of 2020) was A Category.

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3. ACTUAL CAPITAL

Unit: RMB ten thousand

Items	Figures of the Current Quarter		Figures of the Preceding Quarter
Admitted assets		393,765,072.08		384,766,255.92
Admitted liabilities		290,534,062.68		279,990,342.79
Actual capital		103,231,009.40		104,775,913.13
Core tier one capital		99,727,402.89		100,492,969.72
Core tier two capital		0		779,157.01
Supplementary tier one capital		3,503,606.51		3,503,786.40
Supplementary tier two capital		0		0

4. MINIMUM CAPITAL

Unit: RMB ten thousand

Items	Figures of the Current Quarter		Figures of the Preceding Quarter
Minimum capital for quantitative risk		39,596,161.66		38,153,649.71
Minimum capital for life insurance risk		7,784,092.38		7,663,124.66
Minimum capital for non-life insurance risk		786,912.57		725,901.75
Minimum capital for market risk		38,473,812.66		36,734,244.74
Minimum capital for credit risk		6,155,509.15		6,348,889.87
Quantitative risk diversification effect		8,054,411.86		8,052,722.37
Loss absorption effect of special types of insurance contracts		5,549,753.25		5,265,788.94
Minimum capital for control risk		-978,025.19		-942,395.15
Additional minimum capital		0		0
Counter-cyclical additional minimum capital		0		0
Additional minimum capital for DSII		0		0
Additional minimum capital for GSII		0		0
Other additional minimum capital		0		0
Minimum capital		38,618,136.46		37,211,254.56

Note: Due to rounding, there may be difference between the total amount and the sum of individual amounts.

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5. INTEGRATED RISK RATING

The Integrated Risk Rating (IRR), i.e. the classification regulation, is a regulatory exercise in which the CBIRC conducts a comprehensive analysis of and assessment on the inherent risks and control risks of insurance companies by using a risk-oriented approach and based on the relevant information, classifies such insurance companies into different regulatory categories according to their respective solvency risks, and adopts regulatory policies or measures in respect thereof accordingly.

The CBIRC conducts assessment on the IRR of the Company on a quarterly basis. The results of the IRR of the Company in the recent two quarters (being the first quarter of 2020 and the fourth quarter of 2019) were both A Category.

6. RISK MANAGEMENT

The CBIRC conducts assessments on the solvency risk management of insurance companies on a regular basis. The CBIRC conducted an assessment of Solvency Aligned Risk Management Requirement and Assessment (SARMRA) on 35 insurance companies in 2018. According to the “Notice Concerning the 2018 SARMRA Assessment Results” (Yin Bao Jian Cai [2018] No. 125), the Company got a score of 84.94 in the assessment and the respective scores in nine areas are as follows: 17.76 in the foundation and environment of risk management, 8.41 in the objectives and tools of risk management, 8.60 in insurance risk management, 8.65 in market risk management, 8.61 in credit risk management, 8.59 in operational risk management, 8.77 in strategic risk management, 7.34 in reputational risk management, and 8.22 in liquidity risk management.

7. LIQUIDITY RISK

1) Regulatory Indicators of Liquidity

Unit: RMB million

Name of Indicators	Figures of the Current Quarter
Actual net cash flows		10,880
Comprehensive liquidity ratio		–
Comprehensive liquidity ratio within 3 months		311	%
Comprehensive liquidity ratio within 1 year		-2,244	%
Comprehensive liquidity ratio within 1—3 years		-341	%
Comprehensive liquidity ratio within 3—5 years		1,499	%
Comprehensive liquidity ratio beyond 5 years		26	%
Overall liquidity coverage of the Company		–
Stressed scenario 1		4,103	%
Stressed scenario 2		3,643	%

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Notes:

1. Actual net cash flows refer to the net cash flows of the Company actually occurred during the reporting period;

2.         Comprehensive liquidity ratio	=	Expected total cash inflow of existing assets	× 100%;
		Expected total cash outflow of existing liabilities

3. Stressed scenario 1 refers to the hypothetical scenario where the premiums from signed policies decrease by 80% as compared with the corresponding period of last year, and the surrender rate assumption is twice of that in the basic scenario (but the surrender rate does not exceed 100%);

4. Stressed scenario 2 refers to the hypothetical scenario where the principal and interest of 20% of the fixed income investment which will become mature during the forecasting period cannot be repaid.

2) Analysis of Liquidity Risk and Measures Addressing Such Risk

The Company has sufficient cash flows. Pursuant to the requirements of the “Regulatory Rules of Solvency of Insurance Companies No. 12: Liquidity Risk” and the relevant regulations, the Company has established a well-developed liquidity risk management mechanism to monitor various regulatory indicators for liquidity risk on a quarterly basis, with a view to preventing liquidity risk in an effective manner.

8. REGULATORY MEASURES ADOPTED BY REGULATORY AUTHORITIES AGAINST THE COMPANY

During the reporting period, there were no circumstances where the CBIRC had adopted any significant regulatory measures against the Company.

By Order of the Board

China Life Insurance Company Limited

Heng Victor Ja Wei

Company Secretary

Hong Kong, August 26, 2020

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

Executive Directors:	Wang Bin, Su Hengxuan, Li Mingguang
Non-executive Directors:	Yuan Changqing, Liu Huimin, Yin Zhaojun, Wang Junhui
Independent Non-executive Directors:	Chang Tso Tung Stephen, Robinson Drake Pike, Tang Xin, Leung Oi-Sie Elsie

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