New China Life Insurance Company Ltd. announced that at the extraordinary general meeting held on January 19, 2021, the proposal of the election of Mr. XU Zhibin as a Non-executive Director of the Seventh Session of the Board was duly passed by the Shareholders. In accordance with the requirements of the applicable laws and regulations of the PRC, the qualification of Mr. XU Zhibin as director is still subject to the ratification by the regulatory authority, and the appointment of Mr. XU Zhibin will take effect when such ratification is obtained.