New China Life Insurance : NOTICE OF THE SECOND EXTRAORDINARY GENERAL MEETING OF 2021

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NEW CHINA LIFE INSURANCE COMPANY LTD.

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 01336)

NOTICE OF THE SECOND EXTRAORDINARY

GENERAL MEETING OF 2021

NOTICE IS HEREBY GIVEN that the second extraordinary general meeting of 2021 (the "Second EGM of 2021") of New China Life Insurance Company Ltd. (the "Company") will be held at 10:00 a.m. on 28 April 2021 at 21/F, NCI Tower, A12 Jianguomenwai Avenue, Chaoyang District, Beijing, the PRC, to consider and, if thought fit, pass the following resolutions. Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the circular of the Company dated 8 April 2021:

AS ORDINARY RESOLUTIONS

1. To consider and approve the Proposal on the Election of Mr. ZHANG Hong as an executive Director of the seventh session of the Board of the Company
2. To consider and approve the Proposal on the Election of Mr. LIU Debin as a Shareholder Representative Supervisor of the Seventh Session of the Board of Supervisors of the Company
3. To consider and approve the Proposal on the Election of Mr. SHI Hongyu as a Shareholder Representative Supervisor of the Seventh Session of the Board of Supervisors of the Company
4. To consider and approve the Proposal on the Standard of the Remuneration of the Executive Director and Vice President of the Company

By Order of the Board

New China Life Insurance Company Ltd.

LI Quan

Executive Director

Beijing, China, 8 April 2021

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Note: If there is any inconsistency between the Chinese and English versions of this notice, the Chinese version shall prevail.

As at the date of this notice, the executive director of the Company is LI Quan; the non-executive directors are YANG Yi, GUO Ruixiang, HU Aimin, LI Qiqiang, PENG Yulong and Edouard SCHMID; and the independent non-executive directors are LI Xianglu, ZHENG Wei, CHENG Lie, GENG Jianxin and MA Yiu Tim.

Notes:

1. The voting at the Second EGM of 2021 shall be taken by way of registered poll.
2. In order to determine the Shareholders of H Shares who are entitled to attend the Second EGM of 2021, the register of members of H Shares of the Company will be closed from 23 April 2021 to 28 April 2021, both days inclusive, during which period no transfer of H Shares will be effected. Shareholders of H Shares who intend to attend the Second EGM of 2021 must deposit the share certificates together with the transfer documents at the H Share registrar of the Company, Computershare Hong Kong Investor Services Limited, at or before 4:30 p.m. on 22 April 2021. The address of Computershare Hong Kong Investor Services Limited is Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong. Shareholders of H Shares whose names appear on the register of members of H Shares of the Company at the close of business on 22 April 2021 are entitled to attend and vote at the Second EGM of 2021.
3. A Shareholder entitled to attend and vote at the Second EGM of 2021 may appoint one or more proxies to attend and vote on his/her behalf. A proxy need not to be a Shareholder of the Company.
4. The instrument appointing a proxy must be in writing and signed by a Shareholder or his/her duly authorized attorney. If the Shareholder is a corporation, such instrument must be either under its common seal or duly signed by its legal representative, director(s) or duly authorized attorney(s).
5. Shareholders of H Shares who intend to attend the Second EGM of 2021 by proxy should complete and return the enclosed proxy form to Computershare Hong Kong Investor Services Limited no later than 24 hours before the scheduled time for the Second EGM of 2021 (i.e. before 10:00 a.m. on 27 April 2021). The address is 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong. Completion and return of the proxy form will not preclude a Shareholder from attending and voting in person at the Second EGM of 2021 if he/she so wishes.
6. The Second EGM of 2021 is expected to last for half a day. Shareholders (in person or by proxy) attending the Second EGM of 2021 are responsible for their own transportation and accommodation expenses. Shareholders or their proxies attending the Second EGM of 2021 shall present their identity certifications.
7. In the case of joint Shareholders, the vote of the senior who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint Shareholder(s), and for this purpose seniority will be determined by the order in which the names stand on the register of members in respect of the relevant joint holding.

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