ANNOUNCEMENT

CONNECTED TRANSACTIONS

INVESTMENT IN PARTNERSHIPS THROUGH EQUITY INVESTMENT PLANS

The Board pronounces that the Firm intends to contribute not more than RMB1,500,000,000 to the Xinyuan EIP established by CLI and enter into the Xinyuan Entrustment Contract with CLI by 31 December 2022 for such function. All funds underneath the Xinyuan EIP will likely be used for the subscription of restricted partnership curiosity within the Xinyuan Partnership. On this connection, CLI will, on behalf of the Xinyuan EIP and as a restricted accomplice, enter into the Xinyuan Partnership Settlement with Guangzhou Jinhong and Guoneng Fund Administration (every as a common accomplice), and Guoneng Low-Carbon Fund and Longyuan Energy (every as a restricted accomplice). China Life Jinshi will function the supervisor of the Xinyuan Partnership.

The Board additional pronounces that the Firm and CLP&C intend to contribute not more than RMB2,400,000,000 and RMB600,000,000, respectively, to the Xindian EIP established by CLI and enter into the Xindian Entrustment Contract with CLI by 31 December 2022 for such function. All funds underneath the Xindian EIP will likely be used for the subscription of restricted partnership curiosity within the Xindian Partnership. On this connection, CLI will, on behalf of the Xindian EIP and as a restricted accomplice, enter into the Xindian Partnership Settlement with Guangzhou Jinhong (as the final accomplice) and CHD (as a restricted accomplice). China Life Jinshi will function the supervisor of the Xindian Partnership.

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CLIC, the controlling shareholder of the Firm, presently holds roughly 68.37% of the issued share capital of the Firm, and is a related individual of the Firm. As CLIC holds 100% of the fairness curiosity in CLI and 60% of the fairness curiosity in CLP&C, and not directly holds 100% of the fairness curiosity in China Life Jinshi, every of CLI, CLP&C and China Life Jinshi is a related individual of the Firm. Guangzhou Jinhong is a wholly-owned subsidiary of China Life Jinshi, and is due to this fact additionally a related individual of the Firm. As such, the transactions in regards to the funding within the Xinyuan Partnership and the Xindian Partnership represent related transactions of the Firm underneath Chapter 14A of the Itemizing Guidelines. Provided that a number of of the relevant proportion ratios in respect of the transactions, on a standalone or aggregated foundation, are greater than 0.1% however lower than 5%, the transactions are topic to the reporting and announcement necessities however exempt from the impartial shareholders’ approval requirement underneath Chapter 14A of the Itemizing Guidelines.

Given that every one relevant proportion ratios in respect of the administration charges payable to China Life Jinshi, the supervisor of the Xinyuan Partnership and the Xindian Partnership, on an aggregated foundation, are lower than 0.1%, the association for the cost of administration charges is exempt from the reporting, announcement and impartial shareholders’ approval necessities underneath Chapter 14A of the Itemizing Guidelines.

BACKGROUND

The Board pronounces that the Firm intends to contribute not more than RMB1,500,000,000 to the Xinyuan EIP established by CLI and enter into the Xinyuan Entrustment Contract with CLI by 31 December 2022 for such function. All funds underneath the Xinyuan EIP will likely be used for the subscription of restricted partnership curiosity within the Xinyuan Partnership. On this connection, CLI will, on behalf of the Xinyuan EIP and as a restricted accomplice, enter into the Xinyuan Partnership Settlement with Guangzhou Jinhong and Guoneng Fund Administration (every as a common accomplice), and Guoneng Low-Carbon Fund and Longyuan Energy (every as a restricted accomplice). China Life Jinshi will function the supervisor of the Xinyuan Partnership.

The Board additional pronounces that the Firm and CLP&C intend to contribute not more than RMB2,400,000,000 and RMB600,000,000, respectively, to the Xindian EIP established by CLI and enter into the Xindian Entrustment Contract with CLI by 31 December 2022 for such function. All funds underneath the Xindian EIP will likely be used for the subscription of restricted partnership curiosity within the Xindian Partnership. On this connection, CLI will, on behalf of the Xindian EIP and as a restricted accomplice, enter into the Xindian Partnership Settlement with Guangzhou Jinhong (as the final accomplice) and CHD (as a restricted accomplice). China Life Jinshi will function the supervisor of the Xindian Partnership.

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PARTICULARS OF THE INVESTMENT IN THE XINYUAN PARTNERSHIP

Principal Phrases of the Xinyuan Entrustment Contract

Events

Entrusting occasion: the Firm

Contribution to the Xinyuan EIP

The Firm will contribute not more than RMB1,500,000,000 to the Xinyuan EIP established by CLI. The capital contribution to be made by the Firm was decided by the Firm primarily based on its asset allocation requirement, and will likely be funded by its inside sources.

Funding Targets

All funds underneath the Xinyuan EIP will likely be used for the subscription of restricted partnership curiosity within the Xinyuan Partnership.

Administration Price

In the course of the time period of the Xinyuan EIP, CLI will cost a administration price to the Firm on the price price of 0.09% each year in respect of the funding and administration companies offered by it underneath the Xinyuan EIP.

The association for the cost of administration price by the Firm to CLI as described above falls into the scope of continuous related transactions underneath the Settlement for Entrusted Funding and Administration and Working Providers with respect to Various Investments with Insurance coverage Funds entered into between the Firm and CLI, and such administration price shall be included within the annual caps of the related years underneath the settlement. For particulars, please discuss with the announcement of the Firm dated 28 October 2021 and the round of the Firm dated 30 November 2021.

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Principal Phrases of the Xinyuan Partnership Settlement

Events

Basic companions and managing companions: Guangzhou Jinhong and Guoneng Fund Administration

Restricted companions: CLI (on behalf of the Xinyuan EIP), Guoneng Low-Carbon Fund and Longyuan Energy

Capital Contribution and Cost

The full capital contribution by all companions of the Xinyuan Partnership shall be RMB3,002,000,000. The capital contribution to be made by every of the companions is ready out as follows:

Associate Sort Capital Contribution Share

Guangzhou Jinhong

Basic accomplice RMB1,000,000 0.033 %

Guoneng Fund Administration

Basic accomplice RMB1,000,000 0.033 %

CLI (on behalf of the Xinyuan EIP)

Restricted accomplice RMB1,500,000,000 49.967 %

Guoneng Low-Carbon Fund

Restricted accomplice RMB1,000,000,000 33.311 %

Longyuan Energy

Restricted accomplice RMB500,000,000 16.656 %

Whole

RMB3,002,000,000 100 %

CLI (on behalf of the Xinyuan EIP and as a restricted accomplice) shall make its capital contribution by instalment in line with the necessities specified within the demand observe issued by Guangzhou Jinhong for cost of the capital contribution. Guangzhou Jinhong shall typically challenge the demand observe for cost of the capital contribution to all of the restricted companions at the least 10 enterprise days upfront.

Time period

The interval from the cost due date set forth within the demand observe for cost to be served by Guangzhou Jinhong to the restricted companions (the “First Closing Date“) to the third anniversary of the First Closing Date shall be the funding interval of the Xinyuan Partnership. The interval from the date instantly following the expiry of the funding interval to the fifth anniversary of the First Closing Date shall be the exit interval of the Xinyuan Partnership. Guangzhou Jinhong could lengthen the funding interval and/or the exit interval of the Xinyuan Partnership for one 12 months. Any additional extension of the funding interval and/or exit interval of the Xinyuan Partnership shall be topic to the approval of the companions’ assembly.

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Administration

Guangzhou Jinhong and Guoneng Fund Administration, the final companions, shall function the managing companions, which shall be answerable for the manager capabilities and funding operations of the Xinyuan Partnership. The Xinyuan Partnership shall pay an government efficiency price to Guoneng Fund Administration, which shall be shared by all of the restricted companions. The quantity of the annual government efficiency price shall be 0.115% of the stability of the paid-in capital contributions of all of the restricted companions. No government efficiency price shall be charged by Guangzhou Jinhong.

China Life Jinshi will function the supervisor of the Xinyuan Partnership for the availability of day by day operation and funding administration companies to the Xinyuan Partnership. The Xinyuan Partnership shall pay a administration price to the supervisor in relation to such companies, which shall be shared by all of the restricted companions. The quantity of the annual administration price shall be 0.115% of the stability of the paid-in capital contributions of all of the restricted companions.

The Xinyuan Partnership shall set up an funding advisory committee comprising three members, and every of the restricted companions shall have the correct to nominate one member. The primary duties and duties of the funding advisory committee embrace: (a) coping with any issues involving conflicts of curiosity and associated occasion transactions, (b) contemplating whether or not any funding to be made by the Xinyuan Partnership is in compliance with the necessities of relevant legal guidelines and laws, and (c) contemplating the valuation strategies in reference to the conclusion of non-cash belongings of the Xinyuan Partnership. All issues thought-about by the funding advisory committee shall be unanimously authorized by all of its members.

The Xinyuan Partnership shall set up an funding choice committee comprising 5 members, of which Guangzhou Jinhong shall have the correct to appoint two members, and Guoneng Fund Administration shall have the correct to appoint three members. The funding choice committee shall be primarily answerable for the choice making with respect to the funding of the Xinyuan Partnership and its exit from funding tasks.

Funding Scope and Restrictions

Topic to compliance with the necessities underneath relevant legal guidelines and laws with respect to funding by insurance coverage funds, the Xinyuan Partnership will primarily put money into inexperienced and low-carbon funding targets (resembling wind energy, photovoltaic energy, power storage and different clear power tasks), the collection of which shall be according to the related industrial coverage steerage of the PRC and the venture qualification necessities, and the funding goal shall have an inside price of return in compliance with related funding requirements.

The gathered quantity of funding to be made by the Xinyuan Partnership in any single venture shall not exceed 50% of the overall capital contribution by all companions of the Xinyuan Partnership.

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Revenue Distribution

The distributable income of the Xinyuan Partnership shall be distributed on the time of exit from an funding venture within the following order:

(a)

the income shall first be distributed to CLI, till it has obtained, on a cumulative foundation, the income calculated at an annual price of return of 6% in respect of its paid-in capital contribution to the funding venture from which the Xinyuan Partnership has exited, and likewise recovered its paid-in capital contribution to such funding venture;

(b)

the stability (if any) shall be distributed to Guangzhou Jinhong, till it has obtained, on a cumulative foundation, the income calculated at an annual price of return of 6% in respect of its paid-in capital contribution to the funding venture from which the Xinyuan Partnership has exited, and likewise recovered its paid-in capital contribution to such funding venture;

(c)

the stability (if any) shall be distributed to Guoneng Low-Carbon Fund and Longyuan Energy, till every of them has obtained, on a cumulative foundation, the income calculated at an annual price of return of 6% in respect of its paid-in capital contribution to the funding venture from which the Xinyuan Partnership has exited, and likewise recovered its paid-in capital contribution to such funding venture;

(d)

the stability (if any) shall be distributed to Guoneng Fund Administration, till it has obtained, on a cumulative foundation, the income calculated at an annual price of return of 6% in respect of its paid-in capital contribution to the funding venture from which the Xinyuan Partnership has exited, and likewise recovered its paid-in capital contribution to such funding venture;

(e)

the remaining distributable income (if any) shall be thought to be extra income, which shall be distributed between the final companions and restricted companions on the time of exit from the final funding venture. The allocation proportion shall be decided primarily based on the benchmark price of return specified within the Xinyuan Partnership Settlement, and the allocation to CLI will likely be not more than 20% of the surplus income.

Loss Sharing

Any money owed of the Xinyuan Partnership shall be shared by all companions in proportion to their respective capital contributions, offered, nonetheless, that the restricted companions shall be responsible for the money owed of the Xinyuan Partnership as much as the quantity of their respective capital contributions, and the final companions shall bear the limitless joint and several other legal responsibility for the money owed of the Xinyuan Partnership.

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PARTICULARS OF THE INVESTMENT IN THE XINDIAN PARTNERSHIP

Principal Phrases of the Xindian Entrustment Contract

Events

Entrusting events: the Firm and CLP&C

Contribution to the Xindian EIP

The Firm and CLP&C will contribute not more than RMB2,400,000,000 and RMB600,000,000, respectively, to the Xindian EIP established by CLI. The capital contribution to be made by the Firm was decided by the Firm primarily based on its asset allocation requirement, and will likely be funded by its inside sources.

Funding Targets

All funds underneath the Xindian EIP will likely be used for the subscription of restricted partnership curiosity within the Xindian Partnership.

Administration Price

In the course of the time period of the Xindian EIP, CLI will cost a administration price to the Firm and CLP&C on the price price of 0.04% each year in respect of the funding and administration companies offered by it underneath the Xindian EIP.

The association for the cost of administration price by the Firm to CLI as described above falls into the scope of continuous related transactions underneath the Settlement for Entrusted Funding and Administration and Working Providers with respect to Various Investments with Insurance coverage Funds entered into between the Firm and CLI, and such administration price shall be included within the annual caps of the related years underneath the settlement. For particulars, please discuss with the announcement of the Firm dated 28 October 2021 and the round of the Firm dated 30 November 2021.

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Principal Phrases of the Xindian Partnership Settlement

Events

Basic accomplice and managing accomplice: Guangzhou Jinhong

Restricted companions: CLI (on behalf of the Xindian EIP) and CHD

Capital Contribution and Cost

The full capital contribution by all companions of the Xindian Partnership shall be RMB6,001,000,000. The capital contribution to be made by every of the companions is ready out as follows:

Associate Sort Capital Contribution Share (Word)

Guangzhou Jinhong

Basic accomplice RMB1,000,000 0.017 %

CLI (on behalf of the Xindian EIP)

Restricted accomplice RMB3,000,000,000 49.992 %

CHD

Restricted accomplice RMB3,000,000,000 49.992 %

Whole

RMB6,001,000,000 100 %

Word: The discrepancy between the overall and the sum of quantities within the desk above is because of rounding.

CLI (on behalf of the Xindian EIP and as a restricted accomplice) shall make its capital contribution by instalment in line with the necessities specified within the demand observe issued by Guangzhou Jinhong for cost of the capital contribution. Guangzhou Jinhong shall typically challenge the demand observe for cost of the capital contribution to all of the restricted companions at the least 10 enterprise days upfront.

Time period

The interval from the cost due date set forth within the demand observe for cost to be served by Guangzhou Jinhong to the restricted companions (the “First Closing Date“) to the fifth anniversary of the First Closing Date shall be the funding interval of the Xindian Partnership. The interval from the date instantly following the expiry of the funding interval to the sixth anniversary of the First Closing Date shall be the exit interval of the Xindian Partnership. Guangzhou Jinhong could lengthen the exit interval of the Xindian Partnership for one 12 months. Any additional extension of the exit interval of the Xindian Partnership shall be topic to the approval of the companions’ assembly.

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Administration

Guangzhou Jinhong, the final accomplice, shall function the managing accomplice, which shall be answerable for the manager capabilities and funding operations of the Xindian Partnership. China Life Jinshi will function the supervisor of the Xindian Partnership for the availability of day by day operation and funding administration companies to the Xindian Partnership. The Xindian Partnership shall pay a administration price to the supervisor in relation to such companies, which shall be shared by all of the restricted companions. The quantity of the annual administration price shall be 0.39% of the stability of the paid-in capital contributions of all of the restricted companions.

The Xindian Partnership shall set up an funding advisory committee comprising three members, of which CLI shall have the correct to nominate two members, and CHD shall have the correct to nominate one member. The primary duties and duties of the funding advisory committee embrace: (a) coping with any issues involving conflicts of curiosity and associated occasion transactions, (b) contemplating whether or not any funding to be made by the Xindian Partnership is in compliance with the necessities of relevant legal guidelines and laws, and (c) contemplating the valuation strategies in reference to the conclusion of non-cash belongings of the Xindian Partnership.

The Xindian Partnership shall set up an funding choice committee comprising 4 members, of which Guangzhou Jinhong shall have the correct to appoint one member, China Life Jinshi shall have the correct to appoint one member, and CHD shall have the correct to appoint two members. The funding choice committee shall be primarily answerable for the choice making with respect to the funding of the Xindian Partnership and its exit from funding tasks.

Funding Scope and Restrictions

Topic to compliance with the necessities underneath relevant legal guidelines and laws with respect to funding by insurance coverage funds, the Xindian Partnership will primarily put money into fairness pursuits of unlisted enterprises within the clear power sectors resembling wind energy, photovoltaic energy and power storage, and the funding goal shall have an inside price of return in compliance with related funding requirements.

The gathered quantity of funding to be made by the Xindian Partnership in any single venture shall not exceed 50% of the overall capital contribution by all companions of the Xindian Partnership.

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Revenue Distribution

The distributable income of the Xindian Partnership shall be distributed to the companions (i) on an annual foundation and (ii) on the time of exit from funding tasks.

(i)

The annual revenue distribution shall be made within the following order:

(a)

the annual income shall first be distributed to CLI at an annual price of 6%;

(b)

the stability (if any) shall be distributed to Guangzhou Jinhong at an annual price of 6%;

(c)

the stability (if any) shall be distributed to CHD at an annual price of 6%;

(d)

the stability (if any) shall be retained within the Xindian Partnership for money administration and can be utilized for the annual revenue distribution for subsequent 12 months.

(ii)

The revenue distribution on the time of exit from an funding venture shall be made within the following order:

(a)

the income shall be distributed to every of the companions, till every of them has recovered its paid-in capital contribution to the funding venture from which the Xindian Partnership has exited. If the distributable income are inadequate to refund the paid-in capital contributions made by all companions to such venture, then the distribution shall be made in proportion to their respective paid-in capital contributions;

(b)

the stability (if any) shall be distributed to every of the companions, till every of them has obtained, on a cumulative foundation, the income calculated at an annual price of return of 6% in respect of its paid-in capital contribution to the funding venture from which the Xindian Partnership has exited. If the distributable income are inadequate to pay the income described on this merchandise (b) to all companions, then the distribution shall be made in proportion to their respective paid-in capital contributions;

(c)

the remaining distributable income (if any) shall be thought to be extra income, which shall be distributed amongst all companions in proportion to their respective paid-in capital contributions.

Loss Sharing

Any money owed of the Xindian Partnership shall be shared by all companions in proportion to their respective capital contributions, offered, nonetheless, that the restricted companions shall be responsible for the money owed of the Xindian Partnership as much as the quantity of their respective capital contributions, and the final accomplice shall bear the limitless joint and several other legal responsibility for the money owed of the Xindian Partnership.

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REASONS FOR AND BENEFITS OF THE TRANSACTIONS

The transactions relating to the Firm’s funding within the Xinyuan Partnership (by way of the Xinyuan EIP) and the Xindian Partnership (by way of the Xindian EIP) will facilitate the Firm to enhance its effectivity in using insurance coverage funds, give play to the skilled capacity of CLI, and diversify dangers and obtain steady earnings by capitalizing on the funding portfolio benefits. The Xinyuan Partnership and the Xindian Partnership will primarily put money into clear power tasks resembling wind energy, photovoltaic energy and power storage. After being put into operation, these tasks can generate steady money circulate with a comparatively low operation and upkeep prices, which will likely be according to the necessities of insurance coverage funds allocation. As well as, the participation in such tasks will assist the Firm optimize the construction of its belongings allocation, obtain the purpose of fostering the expansion of the clear power business, implement the nationwide “Twin Carbon” technique, and promote inexperienced and low-carbon transformation, with a view to bolstering the event of the true financial system.

The Administrators (together with the impartial non-executive Administrators) are of the view that the transactions relating to the funding within the Xinyuan Partnership and the Xindian Partnership are carried out by the Firm in its extraordinary and typical course of enterprise, on regular business phrases, are truthful and cheap and within the pursuits of the Firm and its shareholders as an entire. As Mr. Wang Bin, Mr. Su Hengxuan, Mr. Yuan Changqing and Mr. Wang Junhui could also be thought to be having an curiosity within the transactions, they’ve abstained from voting on the resolutions of the Board to approve the transactions.

RISKS OF THE TRANSACTIONS

The dangers of the transactions primarily embrace: (a) the modifications in macro-control coverage, monetary and taxation coverage, industrial coverage, legal guidelines and laws, in addition to the modifications in financial cycle and aggressive panorama of regional markets which can have impacts on the worth of tasks invested by the Xinyuan Partnership and the Xindian Partnership, and (b) the working danger arising from the administration and operation by the final companions and the supervisor of the belongings of the Xinyuan Partnership and the Xindian Partnership.

LISTING RULES IMPLICATIONS

CLIC, the controlling shareholder of the Firm, presently holds roughly 68.37% of the issued share capital of the Firm, and is a related individual of the Firm. As CLIC holds 100% of the fairness curiosity in CLI and 60% of the fairness curiosity in CLP&C, and not directly holds 100% of the fairness curiosity in China Life Jinshi, every of CLI, CLP&C and China Life Jinshi is a related individual of the Firm. Guangzhou Jinhong is a wholly-owned subsidiary of China Life Jinshi, and is due to this fact additionally a related individual of the Firm. As such, the transactions in regards to the funding within the Xinyuan Partnership and the Xindian Partnership represent related transactions of the Firm underneath Chapter 14A of the Itemizing Guidelines. Provided that a number of of the relevant proportion ratios in respect of the transactions, on a standalone or aggregated foundation, are greater than 0.1% however lower than 5%, the transactions are topic to the reporting and announcement necessities however exempt from the impartial shareholders’ approval requirement underneath Chapter 14A of the Itemizing Guidelines.

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Given that every one relevant proportion ratios in respect of the administration charges payable to China Life Jinshi, the supervisor of the Xinyuan Partnership and the Xindian Partnership, on an aggregated foundation, are lower than 0.1%, the association for the cost of administration charges is exempt from the reporting, announcement and impartial shareholders’ approval necessities underneath Chapter 14A of the Itemizing Guidelines.

GENERAL INFORMATION

The Firm is among the main life insurance coverage corporations within the PRC. It presents private insurance coverage companies, together with life insurance coverage, medical health insurance and accident insurance coverage companies, reinsurance referring to the above insurance coverage companies, use of funds permitted by relevant PRC legal guidelines and laws or the State Council, in addition to all kinds of private insurance coverage companies, consulting enterprise and company enterprise, sale of securities funding funds, and different companies permitted by the CBIRC.

CLIC, the controlling shareholder of the Firm, presents insurance coverage insurance policies to teams and people, that are managed by the Firm underneath the coverage administration agreements. CLIC is held as to 90% and 10% by the Ministry of Finance of the PRC and the Nationwide Council for Social Safety Fund, respectively.

CLP&C is a non-wholly owned subsidiary of CLIC, with a registered capital of RMB18,800 million. Its scope of enterprise contains: property and casualty insurance coverage, legal responsibility insurance coverage, credit score and assure insurance coverage, short-term medical health insurance and unintended harm insurance coverage, reinsurance in reference to the above insurance coverage companies, insurance coverage fund utility enterprise permitted underneath the PRC legal guidelines and laws and different companies authorized by the CBIRC.

CLI is a wholly-owned subsidiary of CLIC, with a registered capital of RMB3,700 million. Its principal enterprise contains: the administration funds in RMB and overseas foreign money underneath entrustment, engagement in various funding enterprise, administration and utility of its personal funds in RMB and overseas foreign money, enterprise involving insurance coverage asset administration merchandise resembling debt funding schemes and fairness funding plans, provision of consulting companies referring to asset administration, in addition to different companies authorized by the CBIRC and different departments of the State Council.

China Life Jinshi is a wholly-owned subsidiary of CLI, with a registered capital of RMB200 million. China Life Jinshi obtained the qualification of personal fairness fund supervisor from the Asset Administration Affiliation of China in April 2018, and obtained the Discover for the Registration of Insurance coverage Personal Fairness Funds in January 2020, thus qualifying as an insurance coverage non-public fairness fund supervisor. The scope of enterprise of China Life Jinshi contains: asset administration (unique of tasks topic to approval), funding consulting companies, company funding with its personal funds, funding administration companies, fairness funding, and fairness funding administration. China Life Jinshi is a platform for skilled funding administration of funds inside CLIC for the particular alternative and inclusive financing sector. China Life Jinshi has gathered in depth expertise within the above sectors and established a great relationship of cooperation with the important thing market members. It manages plenty of funding merchandise of the identical sort with a passable efficiency observe file.

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Guangzhou Jinhong is a wholly-owned subsidiary of China Life Jinshi, with a registered capital of RMB2 million. It’s principally engaged in asset administration (unique of tasks topic to approval), funding consulting companies, company funding with its personal funds, funding administration companies, fairness funding, and fairness funding administration.

Longyuan Energy is a number one wind energy technology firm within the PRC and is primarily engaged within the design, growth, building, administration and operation of wind farms. Along with the wind energy enterprise, Longyuan Energy additionally operates different energy tasks resembling coal energy, solar energy, tidal, biomass and geothermal power. In the meantime, Longyuan Energy additionally supplies session, restore and upkeep, coaching and different skilled companies to wind farms, and manufactures and sells energy gear used within the energy grids, wind farms and coal energy crops. Shares of Longyuan Energy are listed on the Inventory Alternate (inventory code: 00916) and its final helpful house owners is CHN Power.

Guoneng Fund Administration is a supervisor of personal fairness funding fund and enterprise capital fund registered within the Asset Administration Affiliation of China. Because the administration and operation platform of CHN Power’s industrial fund, Guoneng Fund Administration has a fund scale of RMB6,001 million underneath administration. It maximizes the pursuits of its companions by counting on its shareholders’ venture expertise and useful resource endowment benefits within the funding in power sector. The last word helpful proprietor of Guoneng Fund Administration is CHN Power.

Guoneng Low-Carbon Fund is a non-public fairness funding fund established by a number of subsidiaries of CHN Power (as restricted companions) and Guoneng Fund Administration (as the final accomplice and the supervisor), which is primarily used for the funding in inexperienced and low-carbon tasks.

CHN Power, a state-owned enterprise established underneath the legal guidelines of the PRC, operates eight enterprise segments together with coal, thermal energy, new power, hydropower, transportation, chemical, environmental applied sciences and finance, and is the world’s largest producer of coal, thermal energy, wind energy, in addition to coal-to-liquids and coal chemical merchandise. The precise controller of CHN Power is the State-owned Belongings Supervision and Administration Fee of the State Council.

CHD is a state-owned enterprise established underneath the legal guidelines of the PRC, and its principal enterprise contains energy technology, warmth technology and provide, growth of major power in relation to electrical energy (resembling coal) and associated skilled know-how companies. The precise controller of CHD is the State-owned Belongings Supervision and Administration Fee of the State Council.

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DEFINITIONS

On this announcement, until the context in any other case requires, the next expressions have the next meanings:

“Board”

the board of Administrators of the Firm

“CBIRC”

China Banking and Insurance coverage Regulatory Fee

“CHD”

中國華電集團有限公司 (China Huadian Company Ltd.), a state-owned enterprise established underneath the legal guidelines of the PRC

“China Life Jinshi”

國壽金石資產管理有限公司 (China Life Jinshi Asset Administration Firm Restricted), an organization established underneath the legal guidelines of the PRC with restricted legal responsibility, and an oblique wholly-owned subsidiary of CLIC

“CHN Power”

國家能源投資集團有限責任公司 (CHN Power Funding Company Restricted), a state-owned enterprise established underneath the legal guidelines of the PRC

“CLI”

國壽投資保險資產管理有限公司 (China Life Funding Administration Firm Restricted), an organization established underneath the legal guidelines of the PRC with restricted legal responsibility, and a wholly-owned subsidiary of CLIC

“CLIC”

中國人壽保險(集團)公司 (China Life Insurance coverage (Group) Firm), a state-owned enterprise established underneath the legal guidelines of the PRC, and the controlling shareholder of the Firm

“CLP&C”

中國人壽財產保險股份有限公司 (China Life Property and Casualty Insurance coverage Firm Restricted), a joint inventory restricted legal responsibility firm included underneath the legal guidelines of the PRC, and a non-wholly owned subsidiary of CLIC owned as to 60% by CLIC and 40% by the Firm

“Firm”

China Life Insurance coverage Firm Restricted, a joint inventory restricted legal responsibility firm established underneath the legal guidelines of the PRC

“related individual”

has the which means given to it underneath the Itemizing Guidelines

“controlling shareholder”

has the which means given to it underneath the Itemizing Guidelines

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“Administrators”

the administrators of the Firm

“Guangzhou Jinhong”

廣州金宏資產管理有限公司 (Guangzhou Jinhong Asset Administration Co., Ltd.), an organization established underneath the legal guidelines of the PRC with restricted legal responsibility, and a wholly-owned subsidiary of China Life Jinshi

“Guoneng Fund Administration”

國能(北京)私募基金管理有限公司 (Nationwide Power (Beijing) Personal Fairness Fund Administration Co., Ltd.), an organization established underneath the legal guidelines of the PRC with restricted legal responsibility

“Guoneng Low-Carbon Fund”

北京國能綠色低碳發展投資基金(有限合夥)(Beijing Guoneng Inexperienced and Low-Carbon Growth Funding Fund (Restricted Partnership)), a restricted partnership established underneath the legal guidelines of the PRC

“Hong Kong”

Hong Kong Particular Administrative Area of the PRC

“Itemizing Guidelines”

the Guidelines Governing the Itemizing of Securities on the Inventory Alternate

“Longyuan Energy”

龍源電力集團股份有限公司 (China Longyuan Energy Group Company Restricted), a joint inventory restricted legal responsibility firm established underneath the legal guidelines of the PRC

“PRC”

the Folks’s Republic of China, which for the needs of this announcement excludes Hong Kong, Macau Particular Administrative Area and Taiwan Area

“RMB”

Renminbi, the lawful foreign money of the PRC

“Inventory Alternate”

The Inventory Alternate of Hong Kong Restricted

“subsidiary(ies)”

has the which means given to it underneath the Itemizing Guidelines

“Xindian EIP”

國壽投資-新電壹號股權投資計劃 (CLI – Xindian No. 1 Fairness Funding Plan)(the identify of which is topic to the registration with the Insurance coverage Asset Administration Affiliation of China), an fairness funding plan to be established by CLI

“Xindian Entrustment Contract”

the entrustment contract to be entered into by the Firm and CLP&C with CLI in respect of the institution of the Xindian EIP

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“Xindian Partnership”

北京新電壹號股權投資基金合夥企業(有限合夥) (Beijing Xindian No. 1 Fairness Funding Fund Partnership (Restricted Partnership)) (the identify of which is topic to the submitting with the division in command of industrial and business administration), a restricted partnership to be established underneath the legal guidelines of the PRC

“Xindian Partnership Settlement”

the partnership settlement to be entered into by CLI (on behalf of the Xindian EIP and as a restricted accomplice) with Guangzhou Jinhong (as the final accomplice) and CHD (as a restricted accomplice) in respect of the formation of the Xindian Partnership

“Xinyuan EIP”

國壽投資-新源壹號股權投資計劃 (CLI – Xinyuan No. 1 Fairness Funding Plan)(the identify of which is topic to the registration with the Insurance coverage Asset Administration Affiliation of China), an fairness funding plan to be established by CLI

“Xinyuan Entrustment Contract”

the entrustment contract to be entered into by the Firm with CLI in respect of the institution of the Xinyuan EIP

“Xinyuan Partnership”

北京新源壹號股權投資基金合夥企業(有限合夥) (Beijing Xinyuan No. 1 Fairness Funding Fund Partnership (Restricted Partnership)) (the identify of which is topic to the submitting with the division in command of industrial and business administration), a restricted partnership to be established underneath the legal guidelines of the PRC

“Xinyuan Partnership Settlement”

the partnership settlement to be entered into by CLI (on behalf of the Xinyuan EIP and as a restricted accomplice) with Guangzhou Jinhong and Guoneng Fund Administration (every as a common accomplice), and Guoneng Low-Carbon Fund and Longyuan Energy (every as a restricted accomplice) in respect of the formation of the Xinyuan Partnership

By Order of the Board
China Life Insurance coverage Firm Restricted
Heng Victor Ja Wei
Firm Secretary

Hong Kong, 16 December 2021

As on the date of this announcement, the Board of the Firm includes:

Govt Administrators:

Wang Bin, Su Hengxuan, Li Mingguang, Huang Xiumei

Non-executive Administrators:

Yuan Changqing, Wang Junhui

Unbiased Non-executive Administrators:

Tang Xin, Leung Oi-Sie Elsie, Lam Chi Kuen, Zhai Haitao

16

Disclaimer

China Life Insurance coverage Co. Ltd. printed this content material on 16 December 2021 and is solely answerable for the data contained therein. Distributed by Public, unedited and unaltered, on 16 December 2021 16:58:01 UTC.


Publicnow 2021

All information about CHINA LIFE INSURANCE COMPANY LIMITED
Analyst Suggestions on CHINA LIFE INSURANCE COMPANY LIMITED
Gross sales 2021 836 B
131 B
131 B
Web earnings 2021 56 618 M
8 892 M
8 892 M
Web Debt 2021

P/E ratio 2021 6,44x
Yield 2021 5,59%
Capitalization 865 B
111 B
136 B
Capi. / Gross sales 2021 1,03x
Capi. / Gross sales 2022 0,95x
Nbr of Workers 104 160
Free-Float 31,1%
Chart CHINA LIFE INSURANCE COMPANY LIMITED

Period : Auto.2 months3 months6 months9 months1 year2 years5 years10 yearsMax.


Interval : DayWeek

China Life Insurance Company Limited Technical Analysis Chart | MarketScreener

Technical evaluation tendencies CHINA LIFE INSURANCE COMPANY LIMITED

Quick Time period Mid-Time period Lengthy Time period
Tendencies Impartial Impartial Bearish

Revenue Assertion Evolution

Promote

Purchase

Imply consensus BUY
Variety of Analysts 23
Final Shut Value 12,98 CNY
Common goal worth 15,05 CNY
Unfold / Common Goal 16,0%

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