NCI(01336.HK): Approved to Issue Perpetual Capital Bonds of up to RMB10 Billion

NewTimeSpace News: New China Life Insurance Company Ltd. (01336.HK) announced on 18 June that it has obtained approval from the State Administration of Financial Regulation to issue perpetual capital bonds with an aggregate principal amount not exceeding RMB10 billion. The People’s Bank of China has previously granted the corresponding administrative license. The Company will actively push forward the issuance work.

NewTimeSpace News: On 18 June 2026, New China Life Insurance Company Ltd. (01336.HK) released an announcement. The Company recently received the official reply document Approving New China Life Insurance Company Ltd. to Issue Perpetual Capital Bonds (Document No. Jin Fu [2026] 337) issued by the State Administration of Financial Regulation, which approves the Company to publicly offer perpetual capital bonds with a ceiling of RMB10 billion (inclusive) on the interbank bond market nationwide. Prior to this, the Company had received the Administrative License Decision issued by the People’s Bank of China granting approval for the issuance.

The relevant proposals were reviewed and approved at the Board of Directors meeting held on 28 February 2025 and the extraordinary general meeting held on 31 March 2025 respectively. The Company will actively advance the bond issuance procedures and fulfil information disclosure obligations in a timely manner.

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