Date of announcement 2022/12/21
Time of announcement 21:03:11
Date of events 2022/09/30
To which item it meets paragraph 10

1.Items changed in the business plan and reasons:
China Life change its business model for managing financial assets,
with the reclassification date of financial assets as 2022/10/01.
2.Date of change of the business plan:2022/09/30
3.Effect on company finances and business:
(1) 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 on 2022/11/3. Compared
with 2022/09/30, the amount of shareholders' equity increased approximately
 NT$32.4 billion, and the equity to asset ratio increased approximately
from 3.06% to 4.42% under the reclassification (the impact above was
unaudited). China Life Insurance Co., Ltd. will handle follow-up matters in
 accordance with the relevant regulations of FSC.
(2) After the reclassification, the amount of CDF's (parent company)
consolidated shareholders' equity increased approximately NT$32.4 billion
compared with 2022/09/30, and the equity to asset ratio increased from the
4.6% to 5.5 % (the impact above was unaudited).
4.Any other matters that need to be specified:
 This material information also complies with the items that have a
significant impact on the shareholders rights or the price for the
securities as stipulated in Article 7, Paragraph 8 of the Securities and
Exchange Act Enforcement Rules.