China Life Insurance Co., Ltd. (TWSE:2823) agreed to acquire 45% stake in FU BAO YI HAO ENERGY CO., LTD. for TWD 500 million on May 5, 2021. As per the transaction, China Life Insurance Co., Ltd. will acquire 50 million shares which represents 45% stake in FU BAO YI HAO ENERGY CO., LTD. at TWD 10 per share.