New China Life Insurance Company Ltd. announces that Ms. XIONG Lianhua, the director of the company, tendered her resignation to the board of directors of the company on 3 August 2020. Ms. XIONG Lianhua hereby resigned as a non-executive director of the company, a member of the strategy committee and a member of the nomination and remuneration committee under the Board of the company due to work related reasons. The resignation of Ms. XIONG Lianhua was effective upon its delivery to the Board. Her resignation will not affect the normal operation of the Board. Ms. XIONG Lianhua has confirmed that she had no disagreement with the Board, nor was there any matter in relation to her resignation that needed to be brought to the attention of the shareholders of the Company.