EX-99.1 2 d76226dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

LOGO

ANNOUNCEMENT

SUPPLEMENTARY INFORMATION REGARDING COMPENSATION OF DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT MEMBERS IN 2019

China Life Insurance Company Limited (the “Company”) has disclosed the information regarding the compensation of directors, supervisors and senior management members of the Company in its 2019 annual report on a preliminary basis. Information regarding their final compensation in 2019 is reported as follows:

 

 

1

Unit: RMB ten thousand

 

Name

  

Position

   Basic
annual
salary		     Annual
performance
bonus		     Total
salary		     Including:
deferral
payment		     Welfare
(including
benefits and
contribution
by the
employer to
social
insurance,
housing
provident
fund and
enterprise
annuity fund)		     Total
remuneration
before tax		     Including:
deferral
payment		     The actual
payment of
remuneration
before tax
in 2019		  
      1       2       3=1+2       4       5       6=3+5       7       8=6-7  

Wang Bin

   Chairman and Executive Director     —         —         —         —         —         —         —         —    

Su Hengxuan

   Executive Director and President     —         —         —         —         —         —         —         —    

Li Mingguang

  

Executive Director,

Vice President,

Chief Actuary and

Board Secretary

     143.20       143.20       286.40       85.92       23.00       309.40       85.92       223.48  

Yuan Changqing

   Non-executive Director     —         —         —         —         —         —         —         —    

Liu Huimin

   Non-executive Director     —         —         —         —         —         —         —         —    

Yin Zhaojun

   Non-executive Director     —         —         —         —         —         —         —         —    

Wang Junhui

   Non-executive Director     —         —         —         —         —         —         —         —    

Chang Tso Tung Stephen

   Independent Director     25.00       7.00       32.00       —         —         32.00       —         32.00  

Robinson Drake Pike

   Independent Director     25.00       7.00       32.00       —         —         32.00       —         32.00  

Tang Xin

   Independent Director     25.00       7.00       32.00       —         —         32.00       —         32.00  

Leung Oi-Sie Elsie

   Independent Director     25.00       5.00       30.00       —         —         30.00       —         30.00  

Jia Yuzeng

   Chairman of the Board of Supervisors     143.20       143.20       286.40       85.92       22.95       309.35       85.92       223.43  

Luo Zhaohui

   Supervisor     —         —         —         —         —         —         —         —    

Han Bing

   Supervisor     25.28       55.30       80.58       0.00       16.94       97.52       0.00       97.52  

Cao Qingyang

   Employee Representative Supervisor     28.58       52.05       80.63       0.00       15.41       96.04       0.00       96.04  

Wang Xiaoqing

   Employee Representative Supervisor     3.96       7.08       11.04       0.00       2.82       13.86       0.00       13.86  

Zhao Peng

   Vice President     93.98       93.98       187.96       56.39       17.38       205.34       56.39       148.95  

Ruan Qi

   Vice President     125.30       125.30       250.60       75.18       22.95       273.55       75.18       198.37  

Zhan Zhong

   Vice President     137.23       137.23       274.46       82.34       26.48       300.94       82.34       218.60  

Yang Hong

   Vice President     119.33       119.33       238.66       71.60       26.52       265.18       71.60       193.58  

Zhao Guodong

   Assistant to President     16.25       58.94       75.19       35.36       5.71       80.90       35.36       45.53  

Xu Chongmiao

   Compliance Officer     52.75       91.19       143.94       0.00       31.89       175.83       0.00       175.83  

 

2

Information regarding the compensation of directors, supervisors and senior management members who resigned or retired in 2019

 

Xu Hengping

    Executive Director and Vice President      0.85        0.00        0.85        0.00        1.79        2.64        0.00        2.64  

Xu Haifeng

    Executive Director and Vice President      53.06        52.21        105.27        31.33        10.09        115.36        31.33        84.03  

Shi Xiangming

    Supervisor      9.89        16.49        26.38        3.30        4.67        31.05        3.30        27.75  

Tang Yong

    Supervisor      4.74        7.49        12.23        0.00        2.78        15.01        0.00        15.01  

Huang Xin

    Employee Representative Supervisor      —          —          —          —          —          —          —          —    

Song Ping

    Employee Representative Supervisor      48.35        92.72        141.07        7.06        30.74        171.81        7.06        164.75  

Zhao Lijun

    Vice President      95.47        95.47        190.94        57.28        15.19        206.13        57.28        148.85  

Xiao Jianyou

    Vice President      52.21        52.21        104.42        31.33        9.84        114.26        31.33        82.93  

Total

    /      /        /        /        /        /        /        /        2,287.15  

Notes:

 

1.

The total remuneration before tax in the above table refers to the total amount of remuneration of directors, supervisors and senior management members of the Company for the year 2019 and includes the amount disclosed in the Company’s 2019 annual report.

2.

The remuneration of directors, supervisors and senior management members of the Company is calculated based on their respective terms of office in 2019.

3.

The remuneration of directors and supervisors of the Company in 2019 is subject to the approval at the general meeting of the Company.

 

By Order of the Board
China Life Insurance Company Limited
Heng Victor Ja Wei
Company Secretary

Hong Kong, 17 December 2020

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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