Final dividend for year ended 31 December 2023 (updated)

EF001 Disclaimer 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 arisen from or in reliance upon the whole or any part of the contents of this announcement.Cash Dividend Announcement for Equity Issuer Issuer name New China Life Insurance Company Ltd.Stock code 01336 Multi-counter stock code and currency Not applicable Other related stock code(s) and Not applicable name(s) Title of announcement Final dividend for the year ended 31 December 2023 (updated) Announcement date 28 June 2024 Status Update to previous announcement Reason for the update / change Updated the default currency and amount in which the dividend will be paid the exchange rate and the details of withholding tax applied to the dividend declared Information relating to the dividend Dividend type Final Dividend nature Ordinary For the financial year end 31 December 2023 Reporting period end for the dividend declared 31 December 2023 Dividend declared RMB 0.85 per share Date of shareholders' approval 28 June 2024 Information relating to Hong Kong share register Default currency and amount in which the dividend will be paid HKD 0.93158444 per share Exchange rate RMB 1 : HKD 1.09598169 Ex-dividend date 11 July 2024 Latest time to lodge transfer documents for registration with share registrar for 12 July 2024 16:30 determining entitlement to the dividend Book close period From 13 July 2024 to 18 July 2024 Record date 18 July 2024 Payment date 09 August 2024 Computershare Hong Kong Investor Services Limited Room 1712-1716 17th Floor hopewell Centre Share registrar and its address 183 Queen's Road East Wan Chai Hong Kong Page 1 of 4 v 1.1.1EF001 Information relating to withholding tax Details of withholding tax applied to the dividends declared are set out in the table below.For individual H share shareholders whose country (region) of domicile is a country (region) which has entered into a tax treaty with the PRC stipulating a tax rate of more than 10% but less than 20% the Company will withhold and pay individual income tax at the effective tax rate stipulated in the relevant tax treaty before distributing the 2023 Annual Dividend.Please refer to the announcement of the Company dated 28 June 2024 for detailed information on withholding and payment of income tax.Type of shareholders Tax rate Other relevant information (if any) Enterprise - non-resident i.e. registered address 10% Pursuant to relevant laws and outside PRC regulations the Company is obligated to withhold and pay enterprise income tax at the rate of 10% before distributing the 2023 Annual Dividend to non-resident enterprise shareholders listed on the H share register of members of the Company.Individual - non-resident i.e. registered address 10% For individual H share outside PRC shareholders (1) who are Hong Kong or Macau residents or Details of withholding tax applied to the whose country (region) of dividend declared domicile is a country (region) which has entered into a tax treaty with the PRC stipulating a tax rate of 10%; or (2) whose country (region) of domicile is a country (region) which has entered into a tax treaty with the PRC stipulating a tax rate of less than 10% the Company will withhold and pay individual income tax at the rate of 10% on behalf of the individual H share shareholders before distributing the 2023 Annual Dividend.Individual - non-resident i.e. registered address For individual H share outside PRC 20% shareholders whose country (region) of domicile is a country (region) which has entered into a tax treaty with the PRC stipulating a tax rate of 20% or a country (region) which has not entered into any tax treaties with the PRC or under any other circumstances the Company will withhold and pay individual income tax at the rate of 20% on behalf of the individual H share shareholders before distributing the 2023 Annual Dividend.Page 2 of 4 v 1.1.1EF001 Northbound Trading Investors 10% For investors of Northbound Trading the Company shall withhold an income tax at the rate of 10% and report to the competent tax authorities on such withholding and payment.For investors of Northbound Trading who are tax residents of other countries and whose country of domicile is a country which has entered into a tax treaty with the PRC stipulating a dividend tax rate of lower than 10% those enterprises and individuals may or may entrust a withholding and payment agency to apply to the competent tax authorities of the Company for the entitlement of the rate under such tax treaty. Upon approval by the competent tax authorities the paid amount in excess of the tax payable based on the tax rate according to such tax treaty will be refunded.Southbound Trading Investors 20% The Company of H shares listed on the Hong Kong Stock Exchange shall withhold and pay individual income tax at the rate of 20% on behalf of the domestic individual investors for dividends received through Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect.For dividends received by domestic securities investment funds from investing in H shares listed on the Hong Kong Stock Exchange through Shanghai- Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect the tax payable shall be the same as that for individual investors.The Company of such H shares will not withhold and pay the income tax of dividends for domestic enterprise investors and those domestic enterprise investors shall report and pay the relevant tax themselves.Information relating to listed warrants / convertible securities issued by the issuer Details of listed warrants / convertible securities issued by the issuer Not applicable Other information Other information Not applicable Page 3 of 4 v 1.1.1EF001 Directors of the issuer 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.Page 4 of 4 v 1.1.1