The board of supervisors of New China Life Insurance Company Ltd. received the resignation letter from Mr. SHI Hongyu, a supervisor of the Company, on 30 September 2022. Mr. SHI Hongyu hereby resigned from his position as a shareholder representative supervisor of the Company due to work related reasons. The resignation of Mr. SHI Hongyu was effective upon delivery of the resignation letter to the Board of Supervisors of the Company.

His resignation will not affect the normal operation of the Board of Supervisors of the Company. Mr. SHI Hongyu has confirmed that he had no disagreement with the Board of Supervisors and the board of directors of the Company, nor was there any matter in relation to his resignation that needed to be brought to the attention of the shareholders of the Company.