重要提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国人寿保险股份有限公司 关于选举职工董事的公告 证券代码：601628 证券简称：中国人寿 编号：临 2025－051 中国人寿保险股份有限公司（"本公司"）第四届职工代表大会第四 次会议选举李伟先生为本公司第八届董事会职工董事。李伟先生的董事任 职资格尚待国家金融监督管理总局（"金融监管总局"）核准。 李伟先生简历如下： 李伟先生，1972 年 8 月出生。自 2024 年 8 月起担任本公司工会工作部 /群团工作部总经理。2006 年至 2021 年期间，先后担任本公司客户服务部 副总经理，安徽省分公司副总经理，电子商务部副总经理（主持工作）、 总经理，客户服务部总经理，银行保险部总经理。2021 年至 2024 年期间， 先后担任中国人寿保险（海外）股份有限公司战略市场部/大湾区办公室总 经理、中国人寿保险（印尼）有限公司总经理。李先生毕业于北京外国语 大学日本学研究中心，获得文学硕士学位，在职期间获得清华大学经济管 理学院高级管理人员工商管理硕士学位。 李伟先 ...

| 1.出席会议的股东和代理人人数 | 415 | | --- | --- | | 其中：A 股股东人数 | 414 | | 境外上市外资股股东人数（H 股） | 1 | | 2.出席会议的股东所持有表决权的股份总数（股） | 2,727,021,781 | | 其中：A 股股东持有股份总数 | 76,944,079 | | 境外上市外资股股东持有股份总数（H 股） | 2,650,077,702 | | 3.出席会议的股东所持有表决权股份数占公司有表决权股份 | 30.499591 | | 总数的比例（%） | | 中国人寿保险股份有限公司 2025年第二次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025 年 12 月 30 日 证券代码：601628 证券简称：中国人寿 公告编号：2025-050 出 席本 次临 时股 东大 会的 股东 及股 东代 理人 共 415 人 ，持 有表 决权 股 份 2, ...

tt 律师事务所 北京市朝阳区东三环中路1号 环球金融中心办公楼东楼18层 邮编：100020 18th Floor, East Tower, World Financial Center 1 Dongsanhuan Zhonglu Chaovang District Beijing, 100020 P.R. China T +86 10 5878 5588 +86 10 5878 5566 北京市金杜律师事务所 关于中国人寿保险股份有限公司 2025 年第二次临时股东大会的 法律意见书 致:中国人寿保险股份有限公司 北京市金杜律师事务所（以下简称本所）接受中国人寿保险股份有限公司（以 下简称公司）委托,根据《中华人民共和国证券法》（以下简称《证券法》）、《中 华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上市 公司股东会规则》(以下简称《股东会规则》)等中华人民共和国境内(以下简称 中国境内,为本法律意见书之目的,不包括中国香港特别行政区、中国澳门特别行 政区和中国台湾省）现行有效的法律、行政法规、规章、规范性文件（以下统称法 律法规)和现行有效的《中国人寿保险股份有限公司章程》(以下 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA LIFE INSURANCE COMPANY LIMITED 中國人壽保險股份有限公司（「本公司」）董事會（「董事會」）宣布在2025年12月30日（星 期二）舉行的2025年第二次臨時股東大會（「臨時股東大會」或「會議」）上提呈之決議案 之投票結果。各項決議案均獲正式通過。 I. 臨時股東大會投票結果 本公司於2025年12月30日（星期二）上午9時30分於中國北京市西城區金融大街16號中國人 壽廣場A座二層多功能廳舉行了臨時股東大會。 於臨時股東大會舉行當日，本公司已發行股份總數為28,264,705,000股。於臨時股東大會 上，中國人壽保險（集團）公司（持有本公司19,323,530,000股股份，即代表本公司已發行股 份總數的約68.37%）須就且已就臨時股東大會上提呈之決議案迴避表決，而其所持有之股 份數目不計入該等決議案的有效表決票股份總數。因此，合共持有本公司8,941,17 ...

Investment Rating - The report maintains an "Accumulate" rating for the insurance sector [1]. Core Insights - The report discusses the evolution of participating insurance in China, highlighting its significance in a low-interest-rate environment and the shift towards floating yield products, which are gaining traction among domestic investors [2][6]. Summary by Sections 1. What is Participating Insurance? - Participating insurance is a type of insurance that combines protection and investment, allowing policyholders to share in the insurer's surplus [12]. - The operational mechanism involves sharing profits derived from better-than-expected performance, with a minimum of 70% of the surplus distributed to policyholders [6][15]. 2. Historical Development of Participating Insurance in Mainland China - The development of participating insurance has seen significant fluctuations influenced by policy and market factors, with its market share peaking at 75% in 2010 before declining due to market reforms [6][45]. - Since 2024, regulatory policies have encouraged the development of floating yield products, marking a consensus in the industry towards transitioning to participating insurance [6][45]. 3. Current Transition of Participating Insurance - The report anticipates that the proportion of participating insurance will continue to rise, with over 50% of new policies in the first half of 2025 being participating insurance [6][45]. - The transition is expected to alleviate pressure from interest rate losses and enhance the reliability of the insurance sector's embedded value (EV) [6][45]. 4. International Experience - In mature markets, floating yield products dominate, with Hong Kong's participating insurance being a core component, accounting for 85% of new premiums in 2024 [2][6]. - The report suggests that the characteristics of participating insurance in Hong Kong, such as multi-currency support and a design of low guarantees with high floating returns, could serve as a model for the mainland market [2][6]. 5. Key Metrics for Evaluating Participating Insurance - The report outlines four key indicators for assessing the performance of participating insurance: 1. **Guaranteed Rate**: Currently set at 1.75%, which is lower than traditional insurance [23]. 2. **Demonstration Rate**: Reflects expected returns, with current rates around 3.5% to 4% [24]. 3. **Actual Yield**: The industry average is capped at 3.2%, with some companies exceeding this limit [27]. 4. **Dividend Realization Rate**: Increased by 11 percentage points to 62% in 2024, indicating improved management and expectation guidance [29].

Core Viewpoint - The recent disciplinary actions against Yang Chao, former president of China Life Insurance Group, highlight ongoing efforts to combat corruption within the financial sector, emphasizing that retirement does not equate to immunity from accountability [2][8]. Group 1: Disciplinary Actions - Yang Chao was expelled from the Party and his criminal activities have been referred to the prosecution, indicating serious violations related to personal gain and corruption [2][5]. - The Central Commission for Discipline Inspection (CCDI) reported that over 45 financial officials have been investigated this year, with a notable number being senior officials [4][8]. Group 2: Background of Yang Chao - Yang Chao, born in 1950, has a long history in the insurance industry, having held significant positions since 1996, including chairman of China Insurance (Europe) and later as the general manager of China Life Insurance [5][7]. - Under his leadership, China Life implemented a strategy of strong core business and moderate diversification, leading to substantial investments that yielded significant financial returns [7]. Group 3: Financial Sector Corruption - The term "investment sector corruption" is highlighted in the context of Yang Chao's case, suggesting that major investment decisions may have been influenced by personal interests and corruption [7][9]. - The CCDI's focus on "retirement not being a safe harbor" reflects a broader strategy to address corruption in the financial sector, with a significant number of retired officials being investigated [8][10]. Group 4: Family Influence and Corruption - The issue of "family influence" and "family-style corruption" is increasingly recognized, with cases of officials allowing relatives to exploit their positions for personal gain [11][12]. - The CCDI emphasizes the importance of family integrity in preventing corruption, advocating for stricter supervision of officials' family members engaging in business activities [12][13].

Core Viewpoint - The "Art Returns to the Mountains" public welfare project initiated by China Life Insurance aims to enhance aesthetic education in rural areas, providing quality art resources and experiences to students, thereby contributing to cultural revitalization and youth development [1][3]. Group 1: Project Overview - Since its launch in 2020, the project has reached 30 provinces and 159 cities across China, benefiting 188 schools and directly connecting with 45,000 students [1][3]. - The project focuses on breaking the urban-rural divide in aesthetic education, allowing rural children to access professional art education [3][5]. Group 2: Educational Activities - The project includes various art classes and experiences, such as using mineral pigments in art lessons and exploring cultural significance through mask-making activities [1][3]. - In 2025, the project is expected to expand to 64 cities, fostering creativity and self-expression among children through art [3][5]. Group 3: Resource Provision - China Life has provided customized art toolkits and donated books and sports equipment to rural schools, facilitating a sustainable support mechanism for aesthetic education [3][5]. - The project has delivered 260 customized art toolkits to schools in Gansu, enhancing the educational experience for children [5][7]. Group 4: Long-term Commitment - The "Art Returns to the Mountains" initiative has evolved into a long-term partner for rural aesthetic education, with ongoing support and activities planned for years to come [5][7]. - The company’s efforts not only cultivate aesthetic appreciation among rural children but also instill cultural confidence and a sense of purpose, contributing to the broader goal of rural revitalization [7].

一、同意撤销中国人寿保险股份有限公司寿阳县支公司温家庄乡营销服务部。 二、接此批复文件后，中国人寿保险股份有限公司寿阳县支公司温家庄乡营销服务部应立即停止一切经 营活动，于15个工作日内向晋中金融监管分局缴回许可证，并按照有关法律法规要求办理相关手续。 2025年12月25日，国家金融监督管理总局晋中监管分局发布批复称，《中国人寿（601628）保险股份有 限公司晋中分公司关于撤销寿阳县温家庄乡营销服务部的请示》(国寿人险晋中发〔2025〕252号)收 悉。经审核，现批复如下： ...

12月24日，武威金融监管分局披露的行政处罚信息公开表显示，中国人寿财产保险股份有限公司（以下 简称"中国人寿财险"）古浪县支公司因承保理赔内部控制不到位被处以罚款22万元。 同时，时任中国人寿财险古浪县支公司经理张鸿祥被处以警告，并被罚款1万元；时任中国人寿财险古 浪县支公司农险专员刘忠威被禁止终身进入保险业。 值得一提的是，2025年9月，中国人寿集团关于二十届中央第三轮巡视整改进展情况的通报中提到"严格 承保理赔管理"。中国人寿表示，推进保险领域廉洁风险突出问题整改。健全销售管理、中介机构合作 管理和内控机制。寿险公司针对虚假理赔强化机控措施，财险公司加强承保稽核和理赔运营管理。 | 当事人名 | 行政处罚决定 | 主要违法违规行为 | 行政处罚 | | --- | --- | --- | --- | | 称 | 书文号 | | 内容 | | 中国人寿 | | | | | 财产保险 | | | 处以罚款 | | 股份有限 | | | | | | | | 22万元 | | 公司古浪 | | | | | 县支公司 | | | | ...

Core Viewpoint - The company is committed to serving the real economy through digital transformation and innovative insurance solutions, significantly enhancing agricultural insurance and supporting local economic development [1][2]. Group 1: Technological Empowerment in Agricultural Insurance - The company has established a comprehensive "sky-ground" service system utilizing 3D pig face recognition, AI scoring, and satellite remote sensing technology [1]. - In areas like Huize and Fuyuan, the company has accurately identified 387 large-scale breeding farms using drones and AI algorithms, reducing the error rate in verification to below 0.5% and tripling the efficiency of claims investigation [1]. Group 2: Support for Specialty Agriculture - The company has introduced an "insurance + enterprise + farmer" model to support local specialty industries, such as the mushroom industry in Qujing [1]. - Following a wind disaster in spring 2025, the company quickly initiated tech-driven claims, completing damage assessments for mushroom greenhouses and providing compensation of 158,100 yuan to help farmers resume production [1]. Group 3: Comprehensive Risk Protection for SMEs - The company has provided a total of 42.6 billion yuan in comprehensive risk protection for small and medium-sized enterprises this year, alleviating financing pressures by 645 million yuan [1]. - The company is actively developing green finance and technology insurance, offering over 58.8 billion yuan in risk protection, and has provided 1.209 billion yuan in "safety responsibility insurance" for high-risk industries [1]. Group 4: Future Plans - The company plans to increase investment in agricultural insurance, expand coverage, and continue to deepen the "technology + insurance" service model to provide more comprehensive and convenient insurance services for the local economy and communities [2].