The board of directors of New China Life Insurance Company Ltd. received the resignation letter from Mr. GENG Jianxin on 18 September 2023. The resignation of Mr. GENG Jianxin was effective upon delivery of the resignation letter to the Board of the Company. His resignation will not affect the normal operation of the Board of the Company.

Mr. GENG Jianxin has confirmed that he had no disagreement with the Board, nor was there any matter in relation to his resignation that needed to be brought to the attention of the shareholders of the Company.