Exhibit 99.1
Commission File Number 001-31914
中國人壽保險股份有限公司
CHINA LIFE INSURANCE COMPANY LIMITED
(A joint stock limited company incorporated in the People’s Republic of China with limited liability)
(Stock code: 2628)
ANNOUNCEMENT ON SUPPLEMENTARY INFORMATION
REGARDING THE COMPENSATION OF DIRECTORS,
SUPERVISORS AND SENIOR MANAGEMENT MEMBERS IN 2018
China Life Insurance Company Limited (the “Company”) has disclosed the information regarding the compensation of directors, supervisors and senior management members of the Company in its 2018 annual report on a preliminary basis. Information regarding their final compensation in 2018 is reported as follows:
Unit: RMB ten thousand
Name | Position | Basic annual salary | Annual performance bonus | Total salary | Welfare (including benefits and contribution by the employer to social insurance, housing provident fund and enterprise annuity fund) | Total remuneration before tax | The actual payment of remuneration before tax in 2018 | |||||||||||||||||||||||||||
Including: deferral payment | Including: deferral payment | |||||||||||||||||||||||||||||||||
1 | 2 | 3=1+2 | 4 | 5 | 6=3+5 | 7 | 8=6-7 | |||||||||||||||||||||||||||
Wang Bin | Chairman and Executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Su Hengxuan | Executive Director and President | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Xu Hengping | Executive Director and Vice President | 143.20 | 105.01 | 248.21 | 63.01 | 23.24 | 271.45 | 63.01 | 208.44 | |||||||||||||||||||||||||
Xu Haifeng | Executive Director and Vice President | 143.20 | 114.56 | 257.76 | 68.74 | 23.24 | 281.00 | 68.74 | 212.26 | |||||||||||||||||||||||||
Yuan Changqing | Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Liu Huimin | Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Yin Zhaojun | Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Chang Tso Tung Stephen | Independent Director | 25.00 | 7.00 | 32.00 | — | — | 32.00 | — | 32.00 | |||||||||||||||||||||||||
Robinson Drake Pike | Independent Director | 25.00 | 7.00 | 32.00 | — | — | 32.00 | — | 32.00 | |||||||||||||||||||||||||
Tang Xin | Independent Director | 25.00 | 7.00 | 32.00 | — | — | 32.00 | — | 32.00 |
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Commission File Number 001-31914
Name | Position | Basic annual salary | Annual performance bonus | Total salary | Welfare (including benefits and contribution by the employer to social insurance, housing provident fund and enterprise annuity fund) | Total remuneration before tax | The actual payment of remuneration before tax in 2018 | |||||||||||||||||||||||||||
Including: deferral payment | Including: deferral payment | |||||||||||||||||||||||||||||||||
1 | 2 | 3=1+2 | 4 | 5 | 6=3+5 | 7 | 8=6-7 | |||||||||||||||||||||||||||
LeungOi-Sie Elsie | Independent Director | 25.00 | 5.00 | 30.00 | — | — | 30.00 | — | 30.00 | |||||||||||||||||||||||||
Jia Yuzeng | Chairman of the Board of Supervisors | 62.65 | 50.12 | 112.77 | 30.07 | 11.90 | 124.67 | 30.07 | 94.60 | |||||||||||||||||||||||||
Shi Xiangming | Supervisor | 59.38 | 58.91 | 118.29 | — | 30.89 | 149.18 | — | 149.18 | |||||||||||||||||||||||||
Luo Zhaohui | Supervisor | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Song Ping | Employee Representative Supervisor | 40.29 | 38.72 | 79.01 | — | 26.75 | 105.76 | — | 105.76 | |||||||||||||||||||||||||
Huang Xin | Employee Representative Supervisor | 28.20 | 23.99 | 52.19 | — | 19.01 | 71.20 | — | 71.20 | |||||||||||||||||||||||||
Li Mingguang | Vice President, Chief Actuary Board | 143.20 | 107.40 | 250.60 | 64.44 | 23.36 | 273.96 | 64.44 | 209.52 | |||||||||||||||||||||||||
Zhao Lijun | Vice President | 143.20 | 107.40 | 250.60 | 64.44 | 23.29 | 273.89 | 64.44 | 209.45 | |||||||||||||||||||||||||
Xiao Jianyou | Vice President | 125.30 | 93.98 | 219.28 | 56.39 | 23.29 | 242.57 | 56.39 | 186.18 | |||||||||||||||||||||||||
Zhao Peng | Vice President | 124.55 | 93.42 | 217.97 | 56.05 | 23.34 | 241.31 | 56.05 | 185.26 | |||||||||||||||||||||||||
Ruan Qi | Vice President | 123.81 | 99.05 | 222.86 | 59.43 | 23.93 | 246.79 | 59.43 | 187.36 | |||||||||||||||||||||||||
Zhan Zhong | Marketing Director | 107.40 | 80.55 | 187.95 | 48.33 | 31.57 | 219.52 | 48.33 | 171.19 | |||||||||||||||||||||||||
Yang Hong | Operation Director | 89.50 | 71.60 | 161.10 | 42.96 | 26.28 | 187.38 | 42.96 | 144.42 | |||||||||||||||||||||||||
Xu Chongmiao | Compliance Officer | 25.28 | 27.05 | 52.33 | — | 16.38 | 68.71 | — | 68.71 | |||||||||||||||||||||||||
Information regarding the compensation of directors, supervisors and senior management members who resigned or retired in 2018 |
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Yang Mingsheng | Chairman and Executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Lin Dairen | Executive Director and President | 179.00 | 104.42 | 283.42 | 62.65 | 23.46 | 306.88 | 62.65 | 244.23 | |||||||||||||||||||||||||
Wang Sidong | Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Miao Ping | Chairman of the Board of Supervisors | 71.60 | 57.28 | 128.88 | 34.37 | 11.33 | 140.21 | 34.37 | 105.84 | |||||||||||||||||||||||||
Xiong Junhong | Supervisor | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Li Guodong | Employee Representative Supervisor | — | — | — | — | — | — | — | — |
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Commission File Number 001-31914
Name | Position | Basic annual salary | Annual performance bonus | Total salary | Welfare (including benefits and contribution by the employer to social insurance, housing provident fund and enterprise annuity fund) | Total remuneration before tax | The actual payment of remuneration before tax in 2018 | |||||||||||||||||||||||||||
Including: deferral payment | Including: deferral payment | |||||||||||||||||||||||||||||||||
1 | 2 | 3=1+2 | 4 | 5 | 6=3+5 | 7 | 8=6-7 | |||||||||||||||||||||||||||
Wang Cuifei | Employee Representative Supervisor | 27.72 | 26.41 | 54.13 | — | 16.56 | 70.69 | — | 70.69 | |||||||||||||||||||||||||
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Total | / | / | / | / | / | / | / | / | 2,750.29 | |||||||||||||||||||||||||
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Notes:
1. The total remuneration before tax in the above table refers to the total amount of remuneration of directors, supervisors and senior management members of the Company for the year 2018 and includes the amount disclosed in the Company’s 2018 annual report. 2. The remuneration of directors, supervisors and senior management members of the Company is calculated based on their respective terms of office in 2018. 3. The remuneration of directors and supervisors of the Company in 2018 is subject to the approval at the shareholders’ general meeting of the Company. 4. As approved by the China Banking and Insurance Regulatory Commission, Mr. Su Hengxuan was appointed as the President of the Company on 2 April 2019. |
By Order of the Board |
China Life Insurance Company Limited |
Heng Victor Ja Wei |
Company Secretary |
Hong Kong, 23 July 2019
As at the date of this announcement, the Board of Directors of the Company comprises:
Executive Directors: | Wang Bin, Su Hengxuan | |
Non-executive Directors: | Yuan Changqing, Liu Huimin, Yin Zhaojun | |
IndependentNon-executive Directors: | Chang Tso Tung Stephen, Robinson Drake Pike, Tang Xin, LeungOi-Sie Elsie |
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