(A joint stock limited company incorporated in the Peoples Republic of China with limited liability)
(the Company)  (Stock Code: 2628)
 ANNOUNCEMENT
 CONNECTED TRANSACTION
CAPITAL INJECTION TO
CHINA LIFE PROPERTY AND CASUALTY INSURANCE COMPANY LIMITED
   Background
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CAPITAL INJECTION CONTRACT
 Date
  Parties
 
 Capital Injection
   Payment
  Conditions of the Capital Injection
  (i)
    
    each of the Company, CLIC and P&C Company having complied with its internal approval
procedures necessary for the performance of the Capital Injection Contract pursuant to
applicable laws and regulations, regulatory rules of its listed jurisdictions and its articles of association;(ii)
    
    as of the date of obtaining all approvals required for the Capital Injection, there being no laws,
injunctions or resolutions prohibiting the Capital Injection; and after the Capital Injection
Contract takes effect, there being no effective laws, regulations or other rulings enacted or passed
prohibiting the Capital Injection; and
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(iii)
    
    as of the date of obtaining all approvals required for the Capital Injection, there being no material
breaches by any party of the Capital Injection Contract.
  GENERAL INFORMATION
     For the year ended
    
    
    For the year ended31/12/2009
    
    
    31/12/2010(RMB in million)
    
    
    (RMB in million)Profit/(loss) before taxation and extraordinary items
    
    
    (101
    )
    
    
    583Profit after taxation and extraordinary items
    
    
    80
    
    
    
    620
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REASONS FOR AND BENEFITS OF THE CAPITAL INJECTION
   LISTING RULES IMPLICATIONS
  DEFINITIONS
  Board
    
    the Board of Directors of the CompanyBusiness Day
    
    Any calendar day except Saturdays, Sundays and statutory holidays in the PRCCapital Injection
    
    the capital injection by the Company and CLIC into P&C Company by the subscription of 1.6 billion shares and 2.4 billion shares at RMB1.00 per share, respectivelyCapital Injection Contract
    
    the capital injection contract entered into among the Company, CLIC and P&C Company on 24 June 2011 in respect of the Capital InjectionCIRC
    
    China Insurance Regulatory Commission
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CLIC
    
    (China Life Insurance (Group) Company) (China Life Insurance (Group) Company), a state-owned enterprise established under the laws of the PRCCompany
    
    China Life Insurance Company Limited, a joint stock limited liability company incorporated in the PRCconnected person
    
    has the meaning given to it under the Listing Rulescontrolling shareholder
    
    has the meaning given to it under the Listing RulesDirectors
    
    the directors of the CompanyGroup
    
    the Company and its subsidiariesHong Kong
    
    Hong Kong Special Administrative Region of the PRCListing Rules
    
    the Rules Governing the Listing of Securities on the Stock ExchangeP&C Company
    
    (China Life Property and Casualty Insurance Company Limited) (China Life Property and Casualty Insurance Company Limited), a joint stock limited liability company incorporated under the laws of the PRCPRC
    
    the Peoples Republic of China, which for the purposes of this announcement excludes Hong Kong, Macau Special Administrative Region and Taiwan RegionRMB
    
    Renminbi, the lawful currency of the PRCStock Exchange
    
    The Stock Exchange of Hong Kong Limited
 By Order of the BoardChina Life Insurance Company Limited
Heng Kwoo SengCompany Secretary
  As at the date of this announcement, the Board comprises:
 Executive Directors:
    
    Yuan Li, Wan Feng, Lin Dairen, Liu YingqiNon-executive Directors:
    
    Miao Jianmin, Shi Guoqing, Zhuang ZuojinIndependent non-executive Directors:
    
    Ma Yongwei, Sun Changji, Bruce Douglas Moore, Anthony Francis Neoh
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