China Life Insurance Company Limited announces that at the fourth meeting of the fourth session of the employee representative meeting of the Company, Mr. Li Wei has been elected as an Employee Representative Director of the eighth session of the board of directors (the ?Board?) of the Company. The qualification of Mr. Li Wei as a Director is still subject to the approval of the National Financial Regulatory Administration (NFRA). Mr. Li Wei, born in August 1972, became the General Manager of the Labour Union Work Department/Mass Organisation Work Department of the Company in August 2024.
He successively served as the Deputy General Manager of the Customer Service Department, the Deputy General Manager of Anhui Branch, the Deputy General Manager (responsible for daily operations) and General Manager of the E-commerce Department, the General Manager of the Customer Service Department, and the General Manager of the Bancassurance Department of the Company from 2006 to 2021. He successively served as the General Manager of the Strategic Marketing Department/Greater Bay Area Office of China Life Insurance (Overseas) Company Limited, and as the General Manager of PT China Life Insurance Indonesia from 2021 to 2024. Mr. Li Wei graduated from the Japanese Studies Center at Beijing Foreign Studies University with a master?s degree in literature.
During his career, he obtained a master?s degree in business administration for senior management from the School of Economics and Management at Tsinghua University. Mr. Li Wei will enter into a service contract with the Company. His term of office shall be effective from the date of approval of his qualification as a Director by the NFRA and end on the expiry of the term of the eighth session of the Board.
Mr. Li is eligible for re-election upon expiry of his term. As at the date of this announcement, the Board of the Company comprises: Executive Directors: Cai Xiliang, Li Mingguang, Liu Hui, Ruan Qi; Non-executive Directors: Wang Junhui, Hu Jin, Hu Rong, Niu Kailong; Independent Non-executive Directors: Lam Chi Kuen, Zhai Haitao, Chen Jie, Lu Feng.
