2025-10-19 08:50Important Notice The Board of Directors guarantees the accuracy and completeness of this announcement, assuming full legal responsibility - The company's board of directors and all directors guarantee that this announcement contains no false information, misleading statements, or major omissions, and assume legal responsibility for its truthfulness, accuracy, and completeness2 Estimated Current Period Performance This section provides an overview of the estimated financial performance for the first three quarters of 2025, including net profit and non-recurring profit forecasts - China Life Insurance expects net profit attributable to parent company shareholders for the first three quarters of 2025 to be approximately RMB 156.785 billion to RMB 177.689 billion, an increase of approximately RMB 52.262 billion to RMB 73.166 billion compared to the same period in 2024, representing a year-on-year growth of 50% to 70%3 - Estimated net profit attributable to parent company shareholders after deducting non-recurring gains and losses is approximately RMB 157.011 billion to RMB 177.946 billion, with a year-on-year growth of 50% to 70%45 2025 First Three Quarters Performance Forecast Overview | Indicator | 2025 First Three Quarters Estimated (RMB) | Increase Compared to 2024 Same Period (RMB) | Year-on-Year Growth Rate | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent | 156.785 billion - 177.689 billion | 52.262 billion - 73.166 billion | 50% - 70% | | Net Profit Attributable to Parent (Excl. Non-recurring) | 157.011 billion - 177.946 billion | 52.337 billion - 73.272 billion | 50% - 70% | Performance Forecast Period This section specifies the performance forecast period from January 1, 2025, to September 30, 2025 - The performance forecast period is from January 1, 2025, to September 30, 20254 Performance Forecast Details Detailed disclosure of estimated net profit attributable to parent company shareholders and net profit after deducting non-recurring gains and losses for the first three quarters of 2025, both projected to grow by 50% to 70% 2025 First Three Quarters Performance Forecast Details | Indicator | Estimated Amount (RMB) | Increase Compared to Same Period (RMB) | Year-on-Year Growth Rate | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent | 156.785 billion - 177.689 billion | 52.262 billion - 73.166 billion | 50% - 70% | | Net Profit Attributable to Parent (Excl. Non-recurring) | 157.011 billion - 177.946 billion | 52.337 billion - 73.272 billion | 50% - 70% | Unaudited Performance Statement Emphasizes that the financial data included in this performance forecast has not been audited - The estimated performance is unaudited5 2024 Same Period Performance (Unaudited) This section presents the unaudited financial performance for the first three quarters of 2024, serving as a comparative baseline - The announcement provides unaudited comparative performance data for the first three quarters of 2024, serving as a baseline for the 2025 performance increase forecast6 2024 First Three Quarters Key Financial Indicators (Unaudited) | Indicator | Amount (RMB) | | :--- | :--- | | Total Profit | 123.655 billion | | Net Profit Attributable to Parent | 104.523 billion | | Net Profit Attributable to Parent (Excl. Non-recurring) | 104.674 billion | | Earnings Per Share (Basic and Diluted) | 3.70 | 2024 First Three Quarters Key Profit Indicators Discloses the unaudited total profit, net profit attributable to parent company shareholders, and net profit after deducting non-recurring gains and losses for the first three quarters of 2024 2024 First Three Quarters Key Profit Indicators (Unaudited) | Indicator | Amount (RMB) | | :--- | :--- | | Total Profit | 123.655 billion | | Net Profit Attributable to Parent | 104.523 billion | | Net Profit Attributable to Parent (Excl. Non-recurring) | 104.674 billion | 2024 First Three Quarters Earnings Per Share Discloses the unaudited basic and diluted earnings per share of RMB 3.70 for the first three quarters of 2024 2024 First Three Quarters Earnings Per Share (Unaudited) | Indicator | Amount (RMB) | | :--- | :--- | | Earnings Per Share (Basic and Diluted) | 3.70 | Main Reasons for Performance Increase This section outlines the key factors contributing to the anticipated increase in the company's financial performance - The company actively leverages its role as an economic 'shock absorber' and social 'stabilizer,' focusing on value creation and efficiency improvement, deepening asset-liability coordination, promoting product and business diversification, and enhancing sustainable development capabilities7 - Investment strategy adheres to serving the real economy, practicing long-term, value, and prudent investment philosophies, steadily implementing cross-cycle investment layouts, enhancing investment professionalism, strengthening investment portfolio return stability, and improving long-term return potential7 - With the stock market stabilizing and improving, the company seized market opportunities to increase equity investments, proactively deployed in new quality productive forces-related fields, continuously optimized asset allocation structure, and significantly increased investment income year-on-year7 Risk Warning This section highlights that there are no significant uncertainties affecting the accuracy of the performance forecast - There are no significant uncertainties that could affect the accuracy of this performance forecast8 Other Explanatory Matters This section clarifies that the forecast is preliminary and unaudited, advising investors to exercise caution - This performance forecast is a preliminary estimate and unaudited; final financial data will be disclosed in detail in the 2025 third-quarter report9 - The company reminds investors to be aware of investment risks and to exercise caution when trading its shares10