General Meeting

The general meeting is the organ of authority of the Company, and shall exercise the following functions and powers in accordance with the Articles of Association of New China Life Insurance Company Ltd.:

(1) Decide the business objectives, development strategies and investment plans of the Company;

(2) Elect and replace directors, and decide on matters related to the remuneration of directors;

(3) Elect and replace supervisors who are shareholders’ representatives, and decide on matters related to the remuneration of supervisors;

(4) Consider and approve the report of board of directors;

(5) Consider and approve the report of board of supervisors;

(6) Consider and approve the annual financial budget and final accounts of the Company;

(7) Consider and approve the Company’s profit distribution plan and loss recovery plan;

(8) Resolve on the increase or decrease in registered capital of the Company;

(9) Resolve on the listing or repurchase of shares, or issuance of securities such as bonds;

(10) Resolve on matters related to merger, separation, dissolution, liquidation of the Company or alternation on the form of the Company;

(11) Review and amend, including but not limited to, these Articles, rules of procedures for general meeting, board of directors and board of supervisors, administrative rules on related party transactions, as well as relevant governance system such as asset management authorization system;

(12) Resolve on the employment, dismissal or non-reappointment of the accounting firm of the Company;

(13) Consider the motion raised by shareholders representing more than 3% of outstanding shares with voting rights;

(14) Consider and approve the matters related to the material external investment, material asset disposal and write-offs, external guarantee and external donation；

(15) Consider and approve related party transactions required to be approved by the general meeting under the laws, rules and regulations;

(16) Consider and approve the change in the use of proceeds; and

(17) Consider other matters required to be determined by the general meeting under the laws, rules, regulatory provisions, the securities regulatory authorities of the place where shares of the Company are listed and the Articles of Association.