Commission File Number 001-31914

Exhibit 99.1

中國人壽保險股份有限公司

CHINA LIFE INSURANCE COMPANY LIMITED

(A joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 2628)

SUMMARY OF SOLVENCY QUARTERLY REPORT OF INSURANCE COMPANY ^NOTE

(THIRD QUARTER OF 2019)

1. BASIC INFORMATION

(1) Basic Information of the Company

Name of the Company in Chinese:	中國人壽保險股份有限公司
Name of the Company in English:	China Life Insurance Company Limited
Legal Representative:	Wang Bin
Registered Address:	16 Financial Street, Xicheng District, Beijing, P.R. China
Business Scope:	Life, health, accident and other types of personal insurance businesses; reinsurance of the personal insurance bu si ne ss e s; f un ds m an ag em e nt bu si ne ss pe rm it te d by national laws and regulations or approved by the State Council; personal insurance services, consulting and agency businesses; sale of securities investment funds; other businesses approved by the national insurance regulatory departments.
Business Area:	the People’s Republic of China, for the purpose of this report, excluding the Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan region (the “PRC”)

Notes:	1.	This summary of solvency quarterly report is prepared in accordance with the “Regulatory Rules of Solvency of Insurance Companies (No. 1-17)” issued by the former China Insurance Regulatory Commission.
	2.	According to the “Plan for Institutional Reform of the State Council” voted and passed at the first meeting of the 13th National People’s Congress of the PRC, the China Banking and Insurance Regulatory Commission (the “CBIRC”) has been formed through the consolidation of the duties and responsibilities of both the China Banking Regulatory Commission and the China Insurance Regulatory Commission, and such two commissions will no longer exist. The CBIRC has officially been put into operation since April 8, 2018.

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(2) Shareholding Structure, Shareholders and Their Changes

1) Shareholding Structure

Unit: Ten thousand shares or RMB ten thousand

Category	At the beginning of the period				Changes in the number of shares or shareholding percentage during the period								At the end of the period
	Shares or capital contribution		Percentage (%)		Capital injection by shareholders		Capital reserve transfer or distribution of dividend		Equity transfer		Sub-total		Shares or capital contribution		Percentage (%)
RMB ordinary shares		2,082,353		73.67		—		—		—		—		2,082,353		73.67
Overseas listed foreign shares		744,118		26.33		—		—		—		—		744,118		26.33
Total		2,826,471		100.00		—		—		—		—		2,826,471		100.00

Note: Currently, there is no feature in the shareholders’ information enquiry platform that can track down the type of shareholders according to the classification of “state-owned shares, corporate legal shares, foreign invested shares and natural person shares”. As such, the above information is presented by the Company based on the shareholding structure as disclosed in its annual report.

2) Effective Controller

The effective controller of the Company is the Ministry of Finance of the PRC. The equity and controlling relationship between the Company and its effective controller is set out below:

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3) Top Ten Shareholders (in the descending order of their shareholding percentage in the Company as at the end of the period)

Unit: Ten thousand shares or RMB ten thousand

Name of shareholder	Type of shares	Changes in the number of shares held by the shareholder or the amount of capital contribution during the period		Number of shares held by the shareholder or the amount of capital contribution as at the end of the period		Shareholding percentage as at the end of the period			Number of shares pledged or frozen
China Life Insurance (Group) Company	State-owned shares		0		1,932,353		68.37	%		0
HKSCC Nominees Limited	Foreign shares		103		732,267		25.91	%		0
China Securities Finance Corporation Limited	State-owned shares		0		72,394		2.56	%		0
Central Huijin Asset Management Limited	State-owned shares		0		11,972		0.42	%		0
Hong Kong Securities Clearing Company Limited	Foreign shares		254		4,511		0.16	%		0
China International Television Corporation	State-owned shares		-67		1,700		0.06	%		0
China Universal Asset Management Co., Ltd – Industrial and Commercial Bank of China Limited – China Universal – Tianfu Bull No. 53 Asset Management Plan	Other		0		1,502		0.05	%		0
Industrial and Commercial Bank of China Limited – SSE 50 Exchange Traded Index Securities Investment Fund	Other		-208		1,242		0.04	%		0
China National Nuclear Corporation	State-owned shares		0		1,240		0.04	%		0
Abudabi Investment Authority	Foreign shares		160		1,024		0.04	%		0
Total	—		242		2,760,205		97.66	%		0

Notes:	1.	The figures shown in the columns of “Changes in the number of shares held by the shareholder or the amount of capital contribution during the period” and “Number of shares held by the shareholder or the amount of capital contribution as at the end of the period” in this table refer to the number of shares held (Unit: Ten thousand shares).
	2.	Due to the impact of the difference derived from rounding, there is a difference between the total number of “Shareholding percentage as at the end of the period” and the sum of the shareholding percentage of the top ten shareholders.

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Details of shareholders	1.	HKSCC Nominees Limited is a company that holds shares on behalf of the clients of the Hong Kong stock brokers and other participants of the CCASS system. Since the relevant regulations of The Stock Exchange of Hong Kong Limited do not require such persons to declare whether their shareholdings are pledged or frozen, HKSCC Nominees Limited is unable to calculate or provide the number of shares that are pledged or frozen.
	2.	China Universal Asset Management Co., Ltd – Industrial and Commercial Bank of China Limited – China Universal – Tianfu Bull No.53 Asset Management Plan has Industrial and Commercial Bank of China Limited as its asset trustee. Industrial and Commercial Bank of China Limited – SSE 50 Exchange Traded Index Securities Investment Fund has Industrial and Commercial Bank of China Limited as its fund depositary. Save as above, the Company was not aware of any connected relationship and concerted parties as defined by the “Measures for the Administration of the Takeover of Listed Companies” among the top ten shareholders of the Company.

(3) Subsidiaries, Joint Ventures and Associated Corporations

Unit: Ten thousand shares or RMB ten thousand

	Company name	Type of company		Number of shares held or cost						Shareholding percentage
				At the beginning of the period		At the end of the period		Change in amount		At the beginning of the period			At the end of the period			Change in percentage
1	China Life (Suzhou) Pension and Retirement Investment Company Limited		Subsidiary		178,600		178,600		0		100.00	%		100.00	%		0.00	%
2	China Life Pension Company Limited		Subsidiary		240,518		240,518		0		70.74	%		70.74	%		0.00	%
3	China Life Asset Management Company Limited		Subsidiary		240,000		240,000		0		60.00	%		60.00	%		0.00	%

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	Company name	Type of company		Number of shares held or cost						Shareholding percentage
				At the beginning of the period		At the end of the period		Change in amount		At the beginning of the period			At the end of the period			Change in percentage
4	Shanghai Rui Chong Investment Co., Limited		Subsidiary		680,000		680,000		0		100.00	%		100.00	%		0.00	%
5	Golden Phoenix Tree Limited		Subsidiary		12		12		0		100.00	%		100.00	%		0.00	%
6	New Aldgate Limited		Subsidiary		116,813		116,813		0		100.00	%		100.00	%		0.00	%
7	CL Hotel Investor, L.P.		Subsidiary		0		0		0		100.00	%		100.00	%		0.00	%
8	Glorious Fortune Forever Limited		Subsidiary		0		0		0		100.00	%		100.00	%		0.00	%
9	Fortune Bamboo Limited		Subsidiary		243,488		243,488		0		100.00	%		100.00	%		0.00	%
10	Golden Bamboo Limited		Subsidiary		199,288		199,288		0		100.00	%		100.00	%		0.00	%
11	Sunny Bamboo Limited		Subsidiary		187,565		187,565		0		100.00	%		100.00	%		0.00	%
12	China Life (Beijing) Health Management Company Limited		Subsidiary		173,000		153,000		-20,000		100.00	%		100.00	%		0.00	%
13	Ningbo Meishan Bonded Port Area Guo Yang Guo Sheng Investment Partnership (Limited Partnership)		Subsidiary		315,000		315,000		0		99.997	%		99.997	%		0.00	%
14	Ningbo Meishan Bonded Port Area Bai Ning Investment Partnership (Limited Partnership)		Subsidiary		168,000		168,000		0		99.98	%		99.98	%		0.00	%
15	Shanghai Yuan Shu Yuan Jiu Investment Management Partnership (Limited Partnership)		Subsidiary		60,600		60,600		0		99.98	%		99.98	%		0.00	%
16	Shanghai Yuan Shu Yuan Pin Investment Management Partnership (Limited Partnership)		Subsidiary		60,600		60,600		0		99.98	%		99.98	%		0.00	%
17	Shanghai Wansheng Industry Partnership (Limited Partnership)		Subsidiary		400,000		400,000		0		99.98	%		99.98	%		0.00	%
18	Wuhu Yuanxiang Tianyi Investment Management Partnership (Limited Partnership)		Subsidiary		53,256		53,256		0		99.98	%		99.98	%		0.00	%

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	Company name	Type of company	Number of shares held or cost						Shareholding percentage
			At the beginning of the period		At the end of the period		Change in amount		At the beginning of the period			At the end of the period			Change in percentage
19	Wuhu Yuanxiang Tianfu Investment Management Partnership (Limited Partnership)	Subsidiary		53,256		53,256		0		99.98	%		99.98	%		0.00	%
20	CBRE Global Investors U.S. Investment I, LLC	Subsidiary		99,328		196,151		96,823		99.99	%		99.99	%		0.00	%
21	Annoroad Gene Technology (Beijing) Co., Ltd.	Associated corporation		25,000		25,000		0		13.09	%		13.09	%		0.00	%
22	China Life Property and Casualty Insurance Company Limited	Associated corporation		600,000		600,000		0		40.00	%		40.00	%		0.00	%
23	China Guangfa Bank Co., Ltd.	Associated corporation		860,063		860,063		0		43.69	%		43.69	%		0.00	%
24	COFCO Futures Company Limited	Associated corporation		29,617		29,617		0		35.00	%		35.00	%		0.00	%
25	Sino-Ocean Group Holding Limited	Associated corporation		225,346		225,346		0		29.59	%		29.59	%		0.00	%
26	Shanghai Jinshida Winning Software Technology Co., Limited	Associated corporation		19,200		19,200		0		23.08	%		23.08	%		0.00	%
27	GLP U.S. Income Partners II	Associated corporation		317,143		312,361		-4,782		25.25	%		25.25	%		0.00	%
28	Sinopec Sichuan to East China Gas Pipeline Co., Ltd.	Associated corporation		2,000,000		2,000,000		0		43.86	%		43.86	%		0.00	%
29	China United Network Communications Limited	Associated corporation		2,182,958		2,182,958		0		10.29	%		10.29	%		0.00	%
30	GLP Guoyi (Zhuhai) Acquisitions Fund (Limited Partnership)	Associated corporation		433,068		527,058		93,990		81.63	%		81.63	%		0.00	%
31	China Power Investment Nuclear Power Co,. Ltd.	Associated corporation		800,000		800,000		0		26.76	%		26.76	%		0.00	%
32	Zhonghang Investment Holding Limited	Associated corporation		600,000		600,000		0		16.70	%		16.70	%		0.00	%

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	Company name	Type of company	Number of shares held or cost						Shareholding percentage
			At the beginning of the period		At the end of the period		Change in amount		At the beginning of the period			At the end of the period			Change in percentage
33	Nanning China Life Shenrun Investment Development Fund Partnership (Limited Partnership)	Joint venture		378,000		378,000		0		60.00	%		60.00	%		0.00	%
34	China Life (Sanya) Health Investments Co., Ltd.	Joint venture		30,600		30,600		0		51.00	%		51.00	%		0.00	%
35	RXR 1285 Holdings JV LLC	Joint venture		151,497		151,497		0		51.55	%		51.55	%		0.00	%
36	Beijing China Life Communications Construction City Development Investment Fund (Limited Partnership)	Joint venture		1,039,994		1,039,994		0		49.9999	%		49.9999	%		0.00	%
37	China Life Haikong (Hainan) Healthy Investment Co., Ltd.	Joint venture		10,200		10,200		0		51.00	%		51.00	%		0.00	%
38	China Life Wanke No.1 (Jiaxing) Health Pension Industrial Investment Partnership (Limited Partnership)	Joint venture		9,750		9,750		0		59.82	%		59.82	%		0.00	%
39	China Life Wanke No.2 (Jiaxing) Health Pension Industrial Investment Partnership (Limited Partnership)	Joint venture		9,750		9,750		0		59.82	%		59.82	%		0.00	%
40	China Life Qiaocheng (Shenzhen) Investment Partnership (Limited Partnership)	Joint venture		851,394		851,394		0		84.99	%		84.99	%		0.00	%
41	Shandong Xinjiu Kinetic Energy China Life High-end Equipment Equity Investment Fund Partnership (Limited Partnership)	Joint venture		0		1,000		1,000		0.00	%		79.00	%		79.00	%

Note: The figures shown in the “Number of shares held or cost” column under items numbered 1, 4-22 and 26-41 in this table refer to the amount of investment cost (Unit: RMB ten thousand).

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(4) Basic Information of the Directors, Supervisors and Senior Management

1) Basic Information of the Directors

Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Wang Bin	November 1958	Doctoral degree in Economics	Since December 3, 2018	Chairman, Executive Director	Yin Bao Jian Fu (2018) No. 322	Chairman of China Life Insurance (Group) Company Chairman of China Life Asset Management Company Limited Chairman of China Life Insurance (Overseas) Company Limited Director of China Shimao Investment Company Limited Director of China World Trade Center Limited Chairman of China Guangfa Bank Co., Ltd.	Mr. Wang became an Executive Director and the Chairman of the Company in December 2018. He has been the Chairman of China Life Insurance (Group) Company since August 2018. From March 2012 to August 2018, he served as the Chairman and the Secretary to the Party Committee of China Taiping Insurance Group Ltd.
Su Hengxuan	February 1963	Doctoral degree in Management	Since December 20, 2018	Executive Director	Yin Bao Jian Xu Ke (2018) No. 562	Vice President of China Life Insurance (Group) Company CPPCC member of Xicheng District, Beijing Director of China Life Asset Management Company Limited Director of China Life Pension Company Limited Director of China Life Property and Casualty Insurance Company Limited	Mr. Su became an Executive Director of the Company in December 2018. He was appointed by the Board of Directors as the President of the Company in December 2018. He has been the Vice President of China Life Insurance (Group) Company since December 2017. He was the President of China Life Pension Company Limited from March 2015 to February 2018. He was the Vice President of the Company from 2013 to May 2015.

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Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Li Mingguang	July 1969	Master’s degree in Economics, EMBA for the senior management	Since August 16, 2019	Executive Director	Jing Yin Bao Jian Fu (2019) No. 635	Executive Director of the China Association of Actuaries Chief Actuary of China Life Pension Company Limited	Mr. Li became an Executive Director of the Company in August 2019. He has been the Board Secretary of the Company since June 2017, the Vice President of the Company since November 2014 and the Chief Actuary of the Company since March 2012.
Yuan Changqing	September 1961	Master’s degree in Business Administration	Since February 11, 2018	Non- executive Director	Bao Jian Xu Ke (2018) No. 196	Vice Chairman and President of China Life Insurance (Group) Company Director of China Life Asset Management Company Limited Chairman of China Life Pension Company Limited Chairman of China Life Property and Casualty Insurance Company Limited Director of China Shimao Investment Company Limited Director of China World Trade Center Limited Vice Chairman of the China Chamber of International Commerce Vice Chairman of the National Association of Financial Market Institutional Investors	Mr. Yuan became a Non-executive Director of the Company in February 2018. He is the Vice Chairman, President and Deputy Secretary to the Party Committee of China Life Insurance (Group) Company. Mr. Yuan served as the Chairman of the Supervisory Committee and the Deputy Secretary to the Party Committee of Agricultural Bank of China Limited from April 2015 to May 2017. He served as the Deputy General Manager and the Secretary to the Discipline Inspection Committee of China Everbright Group Corporation Limited from November 2014 to April 2015, and an Executive Director, the Deputy General Manager and the Secretary to the Discipline Inspection Committee of China Everbright Group Limited from August 2012 to November 2014, during which he concurrently acted as the Chairman of Everbright Securities Company Limited.

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Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Liu Huimin	June 1965	Doctoral degree in Law	Since July 31, 2017	Non- executive Director	Bao Jian Xu Ke (2017) No. 897	Vice President of China Life Insurance (Group) Company Vice Chairman of the Insurance Society of China Executive Director of the China Center for Insurance and Social Security Research (CCISSR) of Peking University Director of China Life Pension Company Limited Chairman of China Life E-commerce Company Limited	Mr. Liu became a Non-executive Director of the Company in July 2017. He has been the Vice President of China Life Insurance (Group) Company since September 2013. He served as the President of China Life Asset Management Company Limited from September 2013 to August 2016.
Yin Zhaojun	July 1965	Master’s degree in Public Administration	Since July 31, 2017	Non- executive Director	Bao Jian Xu Ke (2017) No. 897	Vice President of China Life Insurance (Group) Company Chairman of China Life Investment Holding Company Limited President of China Guangfa Bank Co., Ltd. Head of Shanghai Headquarters of China Life Insurance (Group) Company Director of China United Network Communications Limited Chairman of China Insurance Building Co., Ltd. Chairman of the second session of the Statistics Professional Committee of the Insurance Association of China Vice Chairman of the Banking Accounting Society of China	Mr. Yin became a Non-executive Director of the Company in July 2017. He has been the Vice President of China Life Insurance (Group) Company since October 2016. He successively served as the President of Shanxi Branch, Hebei Branch and Beijing Branch of the Bank of Communications from 2011.

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Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Wang Junhui	July 1971	Doctoral degree in Finance	Since August 16, 2019	Non- executive Director	Jing Yin Bao Jian Fu (2019) No. 635	Chief Investment Officer of China Life Insurance (Group) Company Chairman of China Life Franklin Asset Management Company Limited Chairman of China Life AMP Asset Management Co., Ltd.	Mr. Wang became a Non-executive Director of the Company in August 2019. He has been the Chief Investment Officer of China Life Insurance (Group) Company since August 2016, the Chairman of China Life Franklin Asset Management Company Limited since September 2016 and the Chairman of China Life AMP Asset Management Co., Ltd. since December 2016. From 2004 to 2016, he served as an Assistant to the President and the Vice President of China Life Asset Management Company Limited, and the President of China Life Investment Holding Company Limited.
Chang Tso Tung Stephen	November 1948	Bachelor’s degree in Science	Since October 20, 2014	Independent Director	Bao Jian Xu Ke (2014) No. 864	Independent Non-executive Director of Kerry Properties Limited Independent Non-executive Director of China Cinda Asset Management Co., Ltd. Independent Non-executive Director of Hua Hong Semiconductor Limited	Mr. Chang became an Independent Director of the Company in October 2014.
Robinson Drake Pike	October 1951	Master’s degree in Economics	Since July 11, 2015	Independent Director	Bao Jian Xu Ke (2015) No. 718	Director of Yale-China Association	Mr. Pike became an Independent Director of the Company in July 2015. He served as the Managing Director of Goldman Sachs and the Chief Representative of the Beijing Representative Office of Goldman Sachs International Bank UK from August 2011 to May 2014.

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Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Tang Xin	September 1971	Doctorate degree in Law	Since March 7, 2016	Independent Director	Bao Jian Xu Ke (2016) No. 150	Member of the Listing Committee of the Shanghai Stock Exchange Chairman of the Independent Director Committee of the China Association for Public Companies Independent Director of Harvest Fund Management Co., Ltd. Independent Director of GF Securities Co., Ltd. Independent Director of Oriza Holdings Co., Ltd.	Mr. Tang became an Independent Director of the Company in March 2016. He served as an Independent Director of China Spacesat Co., Ltd. from 2008 to 2014, an Independent Director of each of SDIC Power Holdings Co., Ltd. and Changjiang Securities Company Limited from 2009 to 2013, and an Independent Director of Beijing Rural Commercial Bank Co., Ltd. from 2009 to 2015.
Leung Oi-Sie Elsie	April 1939	Master’s degree in Law	Since July 20, 2016	Independent Director	Bao Jian Xu Ke (2016) No. 717	Consultant of Iu, Lai & Li Solicitors & Notaries Consultant of Fok Ying Tung Ming Yuan Development Company Limited Independent Non-executive Director of United Company RUSAL Plc Independent Non-executive Director of China Resources Power Holdings Company Limited Independent Non-executive Director of PetroChina Company Limited	Ms. Leung became an Independent Director of the Company in July 2016. She has been an Independent Non-executive Director of United Company RUSAL Plc since December 2009, and an Independent Non-executive Director of China Resources Power Holdings Company Limited since April 2010. She has been an Independent Non-executive Director of PetroChina Company Limited since June 2017.

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2) Basic Information of the Supervisors

Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Jia Yuzeng	June 1962	Master’s degree in Business Administration	Since July 11, 2018	Chairman of the Board of Supervisors	Yin Bao Jian Xu Ke (2018) No. 562		Mr. Jia became the Chairman of the Board of Supervisors of the Company in July 2018. From 2013 to 2018, he served as the Vice President and the Board Secretary of China Life Pension Company Limited.
Luo Zhaohui	March 1974	Doctoral degree in Finance	Since February 11, 2018	Supervisor	Bao Jian Xu Ke (2018) No. 196	Deputy General Manager of Strategic Planning Department of China Life Insurance (Group) Company	Mr. Luo became a Supervisor of the Company in February 2018. He was appointed as an Assistant to the General Manager of the Strategic Planning Department of China Life Insurance (Group) Company in August 2013. He was seconded to Shijiazhuang Branch of the Company in Hebei Province as the Deputy General Manager during the period from November 2013 to October 2015, and was then appointed as the Deputy General Manager of the Strategic Planning Department of China Life Insurance (Group) Company in July 2016.
Han Bing	November 1971	Bachelor’s degree in Economics	Since July 12, 2019	Supervisor	Jing Yin Bao Jian Fu (2019) No. 492		Mr. Han became a Supervisor of the Company in July 2019. He has been the General Manager of the Human Resources Department of the Company since December 2018. He served as the General Manager of the Human Resources Department of China Life Pension Company Limited from March 2016 to December 2018. During the period from 2014 to 2016, he successively served as the Deputy General Manager of Ningbo Branch, and the Deputy General Manager of Tibet Autonomous Region Branch of the Company.

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Name	Month and year of birth	Academic qualification (degree)	Commencement date	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Song Ping	June 1964	Bachelor of Arts degree	Since March 15, 2018	Employee Representative Supervisor	Bao Jian Xu Ke (2018) No. 331		Mr. Song became a Supervisor of the Company in March 2018. He has been a member of the Party Committee of Jiangsu Branch of the Company since August 2019. He served as the General Manager of the Administration Office of the Company from January 2017 to August 2019. From 2006 to 2017, he successively served as an Assistant to the General Manager of the Development and Reform Department, an Assistant to the General Manager of Beijing Branch, the Deputy General Manager of the Legal and Compliance Department, the Deputy General Manager of the Human Resources Department, and the General Manager of the E-Commence Department of the Company.
Cao Qingyang	May 1963	Doctoral degree in Economics	Since July 12, 2019	Employee Representative Supervisor	Jing Yin Bao Jian Fu (2019) No. 492		Mr. Cao became a Supervisor of the Company in July 2019. He has been the General Manager of the Product Development Department of the Company since February 2011.

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3) Basic Information of the Senior Management of the Head Office

Name	Month and year of birth	Academic qualification (degree)	Commencement month and year	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Zhao Peng	April 1972	Master’s degree in Business Administration and Master’s degree in Economics	As Vice President since March 2018, and as Financial Controller since July 2019	Vice President, Financial Controller	Bao Jian Xu Ke (2017) No. 1202 Jing Yin Bao Jian Fu (2019) No. 443		Mr. Zhao became the person in charge of finance of the Company in July 2019, and the Vice President of the Company in March 2018. He served as an Assistant to the President of the Company from October 2017 to March 2018. From 2014 to 2017, he successively served as the Deputy General Manager (at the general manager level of the provincial branches) and the person-in-charge (at the general manager level of the provincial branches) and the General Manager of Zhejiang Branch of the Company.
Ruan Qi	July 1966	EMBA for the senior management	April 2018	Vice President	Yin Bao Jian Xu Ke (2018) No. 63		Mr. Ruan became the Vice President of the Company in April 2018. He served as the Chief Information Technology Officer of the Company from October 2016 to April 2018. He successively served as the General Manager of China Life Data Center and the General Manager (at the general manager level of the provincial branches) of the Information Technology Department of the Company from 2014 to 2016.

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Name	Month and year of birth	Academic qualification (degree)	Commencement month and year	Position	Approval document No. for job qualification	Positions and part-time jobs held in affiliates and other entities	Key working experience in the recent five years
Zhan Zhong	April 1968	Bachelor’s degree in Engineering	July 2019	Vice President	Jing Yin Bao Jian Fu (2019) No. 493		Mr. Zhan became the Vice President of the Company in July 2019. He served as the Marketing Director of the Company from August 2017 to July 2019 and a Supervisor of the Company from July 2015 to August 2017. He served as the General Manager (at the general manager level of provincial branches) of the Individual Insurance Division from July 2014 to August 2017.
Yang Hong	February 1967	EMBA for the senior management	July 2019	Vice President	Jing Yin Bao Jian Fu (2019) No. 493		Ms. Yang became the Vice President of the Company in July 2019. She served as the Operation Director of the Company from March 2018 to July 2019. Ms. Yang has been the General Manager of the Operation Service Center of the Company since January 2018. She successively served as the Deputy General Manager (responsible for daily operations) and General Manager of the Research and Development Center, the General Manager (at the general manager level of the provincial branches) of the Business Management Department and the General Manager (at the general manager level of the provincial branches) of the Business Process Management Department of the Company from 2011 to 2018.
Xu Chongmiao	October 1969	Doctoral degree in Law	July 2018	Compliance Officer, General Manager of the Legal and Compliance Department	Yin Bao Jian Xu Ke (2018) No. 593		Mr. Xu has been the Compliance Officer of the Company since July 2018 and the General Manager of the Legal and Compliance Department of the Company since September 2014.

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Notes:

1. All information set forth in this table is as at the end of the reporting period, and this table only provides the basic information of the senior management officers of the Head Office who are not Directors or Supervisors. For details of other senior management officers of the Head Office, please refer to the tables under the basic information of the Directors and Supervisors.

2. The changes of the Directors, Supervisors and senior management during the reporting period and as at the disclosure date of this report:

1) As approved at the twelfth meeting of the sixth session of the Board of Directors and as approved by the CBIRC Beijing Bureau, Mr. Zhao Peng was appointed as the Financial Controller of the Company with effect from July 1, 2019.

2) As approved at the fourteenth meeting of the sixth session of the Board of Directors and as approved by the CBIRC Beijing Bureau, each of Mr. Zhan Zhong and Ms. Yang Hong was appointed as the Vice President of the Company with effect from July 12, 2019.

3) The qualification of Mr. Cao Qingyang as an Employee Representative Supervisor and the qualification of Mr. Han Bing as a Non-employee Representative Supervisor of the Company have been approved by the CBIRC Beijing Bureau on July 12, 2019.

4) Mr. Tang Yong and Mr. Huang Xin tendered letters of resignation to the Company on July 22, 2019, resigning from their respective positions as a Non-employee Representative Supervisor and an Employee Representative Supervisor of the Company.

5) Due to the adjustment of work arrangement, Mr. Zhao Lijun tendered his resignation to the Board of Directors on July 8, 2019, resigning from his position as the Financial Controller of the Company with effect from the same day. He has no longer served as the Vice President of the Company since August 2019.

6) As approved by the CBIRC Beijing Bureau, the appointment of Mr. Li Mingguang as an Executive Director and the appointment of Mr. Wang Junhui as a Non-executive Director of the Company have become effective from August 16, 2019.

(5) Contact Person and Contact Information with Respect to the Public Disclosure of Solvency Information    

Name of Contact Person:	He Zheng
Office Phone Number:	010-63631371
Fax Number:	010-66575722
E-mail:	c-rossinfo@e-chinalife.com

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2. KEY INDICATORS

Unit: RMB ten thousand
Items	Figures of the Current Quarter			Figures of the Preceding Quarter
Core solvency surplus		55,913,548.06			53,021,416.49
Core solvency ratio		262.00	%		258.62	%
Comprehensive solvency surplus		59,413,904.06			56,521,716.81
Comprehensive solvency ratio		272.14	%		269.09	%
Gross written premiums		11,907,100.56			10,562,278.13
Net profit		2,006,575.33			1,184,254.55
Net asset		38,774,284.06			36,755,526.08

Note: Gross written premiums, net profit and net asset are prepared in accordance with the China Accounting Standards for Business Enterprises.

The result of the integrated risk rating of the Company in the recent quarter (being the second quarter of 2019) was A Category.

3. ACTUAL CAPITAL

Unit: RMB ten thousand
Items	Figures of the Current Quarter		Figures of the Preceding Quarter
Admitted assets		356,988,074.08		344,551,031.65
Admitted liabilities		263,060,149.30		254,602,355.40
Actual capital		93,927,924.78		89,948,676.25
Core tier one capital		89,648,411.77		85,669,218.91
Core tier two capital		779,157.01		779,157.01
Supplementary tier one capital		3,500,356.00		3,500,300.33
Supplementary tier two capital		0		0

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4. MINIMUM CAPITAL

Unit: RMB ten thousand
Items	Figures of the Current Quarter		Figures of the Preceding Quarter
Minimum capital for quantitative risk		35,388,106.96		34,273,515.26
Minimum capital for life insurance risk		7,441,910.82		7,178,195.85
Minimum capital for non-life insurance risk		674,170.32		622,141.38
Minimum capital for market risk		34,593,533.07		33,662,008.31
Minimum capital for credit risk		5,789,491.12		5,463,795.89
Quantitative risk diversification effect		7,545,474.96		7,193,006.36
Loss absorption effect of special types of insurance contracts		5,565,523.41		5,459,619.82
Minimum capital for control risk		-874,086.24		-846,555.83
Additional minimum capital		0		0
Counter-cyclical additional minimum capital		0		0
Additional minimum capital for DSII		0		0
Additional minimum capital for GSII		0		0
Other additional minimum capital		0		0
Minimum capital		34,514,020.72		33,426,959.43

Note: Due to rounding, there may be difference between the total amount and the sum of individual amounts.

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5. INTEGRATED RISK RATING

The Integrated Risk Rating (IRR), i.e. the classification regulation, is a regulatory exercise in which the CBIRC conducts a comprehensive analysis of and assessment on the inherent risks and control risks of insurance companies by using a risk-oriented approach and based on the relevant information, classifies such insurance companies into different regulatory categories according to their respective solvency risks, and adopts regulatory policies or measures in respect thereof accordingly.

The CBIRC conducts assessment on the IRR of the Company on a quarterly basis. The results of the IRR of the Company in the recent two quarters (being the second and first quarter of 2019) were both A Category.

6. RISK MANAGEMENT

The CBIRC conducts assessments on the solvency risk management of insurance companies on a regular basis. The CBIRC conducted an assessment of Solvency Aligned Risk Management Requirement and Assessment (SARMRA) on 35 insurance companies in 2018. According to the “Notice Concerning the 2018 SARMRA Assessment Results” (Yin Bao Jian Cai [2018] No. 125), the Company got a score of 84.94 in the assessment and the respective scores in nine areas are as follows:

17.76 in the foundation and environment of risk management, 8.41 in the objectives and tools of risk management, 8.60 in insurance risk management, 8.65 in market risk management, 8.61 in credit risk management, 8.59 in operational risk management, 8.77 in strategic risk management, 7.34 in reputational risk management, and 8.22 in liquidity risk management.

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7. LIQUIDITY RISK

1) Regulatory Indicators of Liquidity

Unit: RMB million
Name of Indicators	Figures of the Current Quarter
Actual net cash flows		7,132
Comprehensive liquidity ratio		—
Comprehensive liquidity ratio within 3 months		123	%
Comprehensive liquidity ratio within 1 year		2254	%
Comprehensive liquidity ratio within 1-3 years		-234	%
Comprehensive liquidity ratio within 3-5 years		-1266	%
Comprehensive liquidity ratio beyond 5 years		23	%
Overall liquidity coverage of the Company		—
Stressed scenario 1		6381	%
Stressed scenario 2		5545	%

Notes:

1. Actual net cash flows refers to the net cash flows of the Company actually occurred during the reporting period;

2.	Comprehensive liquidity ratio	=	Expected total cash inflow of existing assets	×   100%;
			Expected total cash outflow of existing liabilities

3. Stressed scenario 1 refers to the hypothetical scenario where the premiums from signed policies decrease by 80% as compared with the corresponding period of last year, and the surrender rate assumption is twice of that in the basic scenario (but the surrender rate does not exceed 100%);

4. Stressed scenario 2 refers to the hypothetical scenario where the principal and interest of 20% of the fixed income investment which will become mature during the forecasting period cannot be repaid.

2) Analysis of Liquidity Risk and Measures Addressing Such Risk

The Company has sufficient cash flows. Pursuant to the requirements of the “Regulatory Rules of Solvency of Insurance Companies No. 12: Liquidity Risk” and the relevant regulations, the Company has established a well-developed liquidity risk management mechanism to monitor various regulatory indicators for liquidity risk on a quarterly basis, with a view to preventing liquidity risk in an effective manner.

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8. REGULATORY MEASURES ADOPTED BY REGULATORY AUTHORITIES AGAINST THE COMPANY

During the reporting period, there were no circumstances where the CBIRC had adopted any significant regulatory measures against the Company.

By Order of the Board

China Life Insurance Company Limited

Heng Victor Ja Wei

Company Secretary

Hong Kong, October 29, 2019

As at the date of this announcement, the board of directors of the Company comprises:

Executive Directors:	Wang Bin, Su Hengxuan, Li Mingguang
Non-executive Directors:	Yuan Changqing, Liu Huimin, Yin Zhaojun, Wang Junhui
Independent Non-executive Directors:	Chang Tso Tung Stephen, Robinson Drake Pike, Tang Xin, Leung Oi-Sie Elsie

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