CHINA LIFE INSURANCE(02628.HK): Proposed Establishment of Partnership Enterprise with RMB 4.999 Billion Capital Subscription

NewTimeSpace News: On 10 July 2026, CHINA LIFE INSURANCE(02628.HK) issued an announcement stating that the Company plans to establish a partnership enterprise with CHINA LIFE INSURANCEIndustrial Investment. The total subscribed capital contribution amounts to RMB 5 billion, among which CHINA LIFE INSURANCEwill subscribe RMB 4.999 billion (to be funded by internal resources), and CHINA LIFE INSURANCEIndustrial Investment will subscribe RMB 1 million.

Given that both CHINA LIFE INSURANCECapital and CHINA LIFE INSURANCEIndustrial Investment are connected parties of the controlling shareholder group, this transaction constitutes a connected transaction. The applicable percentage ratio exceeds 0.1% but is less than 5%, which requires filing and announcement disclosure and is exempt from the approval of independent shareholders.

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