China Life Insurance Company Limited Change of President

BEIJING, Aug. 4, 2023 /PRNewswire/ -- China Life Insurance Company Limited (the "Company") (NYSE: LFC; SSE: 601628; HKSE: 2628) announced today that due to the adjustment of work arrangements, Mr. Zhao Peng tendered his resignation as the President, an Executive Director and a member of the Strategy and Assets and Liabilities Management Committee of the Company on August 4, 2023, which took effect on the same day.  Mr. Zhao Peng has confirmed that he has no disagreement with the board of directors (the "Board") of the Company and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.  The Company would like to express its gratitude to Mr. Zhao Peng for his contribution to the Company during his tenure of service.