ANNOUNCEMENT ON COMPLETION OF ISSUANCE OF THE CAPITAL SUPPLEMENTARY BONDS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.NEW CHINA LIFE INSURANCE COMPANY LTD. (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 01336) ANNOUNCEMENT ON COMPLETION OF ISSUANCE OF THE CAPITAL SUPPLEMENTARY BONDS Having received the approvals from the National Financial Regulatory Administration and the People’s Bank of China New China Life Insurance Company Ltd. (the “Company”) issued the capital supplementary bonds (the “Bond”) in the national inter-bank bond market in a principal amount of RMB10000 million on 18 June 2024 and completed the issuance on 20 June 2024.The Bond is in a principal amount of RMB10000 million and has a 10-year maturity with a fixed- coupon rate of 2.27% per annum for the first 5 years. The Company has a conditional right to redeem the Bond at the end of the fifth year.The proceeds raised from the Bond will be used to replenish the Company’s capital and enhance its solvency according to applicable laws and approvals from regulatory authorities in furtherance of creating favorable conditions for and supporting the continuous and sound development of its business.By Order of the Board New China Life Insurance Company Ltd.YANG Yucheng Chairman Beijing China 21 June 2024 As at the date of this announcement the chairman and executive director of the Company is YANG Yucheng; the executive director is ZHANG Hong; the non-executive directors are YANG Yi HE Xingda YANG Xue HU Aimin and LI Qiqiang; and the independent non-executive directors are MA Yiu Tim LAI Guanrong XU Xu and GUO Yongqing.