In accordance with relevant laws, regulatory requirements and Articles of Association, New China Life Insurance Company Ltd. will withdraw the statutory reserve of RMB 1,346,017,524.77, the discretionary reserve of RMB 1,346,017,524.77 and the general risk reserve of RMB 1,346,017,524.77 respectively, each of which represents 10% of the net profit of the parent company achieved within the year 2019 in the financial statements, and intends to distribute a cash dividend of RMB 1.41 (including tax) per share to all Shareholders which amounts to RMB 4,398,560,706.00 based on a total of 3,119,546,600 Shares in issue. The undistributed amount will be retained and carried forward to the year 2020, and there is no transfer of capital reserve to share capital in this distribution. The Company expects that the 2019 annual dividend will be distributed on 7 August 2020 to all the Shareholders of H Shares whose names appear on the register of members of the Company on 15 July 2020.