New China Life Insurance Company Ltd. announced that the Board has considered and resolved the proposal in relation to the change of the member of Nomination and Remuneration Committee under the Board at the 21st meeting of the seventh session of the Board held on 26 May 2021. According to the requirements of Articles of Association of New China Life Insurance Company Ltd. and Terms of Reference of Nomination and Remuneration Committee, Director YANG Yi is appointed as a member of Nomination and Remuneration Committee under the Board. The appointment takes effect from 26 May 2021. The Nomination and Remuneration Committee under the Board comprises ZHENG Wei (chairman of the committee), YANG Yi, LI Qiqiang, Edouard SCHMID, LI Xianglu, GENG Jianxin and MA Yiu Tim after the adjustment.