New China Life Insurance Company Ltd. announced that it has recently received the Ratification of Qualification of Schmid Edouard by CBIRC Beijing Bureau (Jing Yin Bao Jian Fu [2019] No. 939) issued by the China Banking and Insurance Regulatory Commission Beijing Bureau ("CBIRC Beijing Bureau"), according to which, the CBIRC Beijing Bureau ratified the qualification of Mr. Edouard SCHMID as a director of the Company. The term of office of Mr. Edouard SCHMID as a director of the Company shall commence on 14 November 2019 and end on the date of the expiry of the term of the seventh session of the Board. Mr. Edouard SCHMID will not receive any director's fee or emoluments from the Company.