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    2628   CNE1000002L3

CHINA LIFE INSURANCE COMPANY LIMITED

(2628)
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China Life Insurance : Announcement on the Resolutions of the Second Meeting of the Seventh Session of the Board of Directors of China Life Insurance Company Limited (Form 6-K)

07/22/2021 | 06:08am EST

Announcement on the Resolutions of the Second Meeting of the Seventh Session of the

Board of Directors of China Life Insurance Company Limited

The second meeting (the 'Meeting') of the seventh session of the Board of Directors (the 'Board') of China Life Insurance Company Limited (the 'Company') was held on July 22, 2021 by means of a written review and telecommunication voting. The directors were notified of the Meeting by way of a written notice dated July 16, 2021. All of the Company's ten directors attended the Meeting and cast their votes. The time, venue of the Meeting and the manner in which the Meeting was convened are in accordance with the Company Law of the People's Republic of China and the provisions under relevant laws, administrative regulations, departmental rules, Articles of Association of the Company and Rules of Procedures for the Board of Directors of the Company.

The following resolution was reviewed and passed at the Meeting:

1.

The Proposal on the Solvency Report of the Company for the Second Quarter of 2021.

Voting result: 10 for, 0 against, with no abstention

Board of Directors of China Life Insurance Company Limited

July 22, 2021

Disclaimer

China Life Insurance Co. Ltd. published this content on 22 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 July 2021 10:07:12 UTC.


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Financials
Sales 2021 610 B 96 425 M 96 425 M
Net income 2021 58 115 M 9 182 M 9 182 M
Net cash 2021 899 B 142 B 142 B
P/E ratio 2021 5,63x
Yield 2021 6,38%
Capitalization 693 B 109 B 109 B
EV / Sales 2021 -0,34x
EV / Sales 2022 -0,49x
Nbr of Employees 104 160
Free-Float 99,5%
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Mean consensus BUY
Number of Analysts 23
Last Close Price 11,42 CNY
Average target price 14,49 CNY
Spread / Average Target 26,9%
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Managers and Directors
Heng Xuan Su President, CEO & Executive Director
Xiumei Huang CFO, Executive Director & Vice President
Chang Qing Yuan Chairman
Yuzeng Jia Chairman-Supervisory Board
Chongmiao Xu General Manager-Legal & Compliance