Announcements

Date of announcement 2022/11/03
Time of announcement 19:32:31
Date of events 2022/11/03
To which item it meets paragraph 51

1.Date of occurrence of the event:2022/11/03
2.Company name:China Life Insurance Co., Ltd.
3.Relationship to the Company (please enter ”head office” or
  ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:100%
5.Cause of occurrence:
The event was reported to the Board of Directors today.
6.Countermeasures:N/A
7.Any other matters that need to be specified:
After considering and judging the reasonableness of the relevant facts and
evidence by the company's management and CPA firm, China Life Insurance Co.,
 Ltd. decided to change its business model before 2022/09/30. Therefore,
the reclassification date should be 2022/10/01 according to IFRS 9.
After acquiring the Fairness Opinion by the company’s CPA firm, the event
was reported to the Board of Directors today.
Compared with 2022/09/30, the amount of shareholders' equity increased more
than NT$30 billion, and the equity to asset ratio increased more than 1.3%
under the reclassification (the impact above was unaudited).
China Life Insurance Co., Ltd. will handle follow-up matters in accordance
with the relevant FSC regulations.

CDF, on behalf of China Life, announced the change in business model for managing financial assets, with the reclassification date of financial assets as 2022/10/01.