Commission File Number 001-31914
Exhibit 99.1
(A joint stock limited company incorporated in the People’s Republic of China with limited liability)
(the “Company”)
(Stock Code: 2628)
ANNOUNCEMENT ON SUPPLEMENTARY INFORMATION
REGARDING THE COMPENSATION OF DIRECTORS, SUPERVISORS AND SENIOR
MANAGEMENT MEMBERS IN 2010
Information regarding the compensation of Directors, Supervisors and senior management members reported by China Life Insurance Company Limited (the “Company”) in its 2010 Annual Report was on a preliminary basis. Information regarding their final compensation is reported as follows:
Unit: RMB ten thousand
Name | Position | Basic annual salary | Annual performance bonus | Total salary | Welfare (including contribution by the employer to compulsory insurances, housing allowances, etc.) | Total (before tax) | The actual payment in 2010 (before tax) (including contribution by the employer to compulsory insurances, housing allowances, etc.) | |||||||||||||||||||||||||||
Including: deferral payment | Including: deferral payment | |||||||||||||||||||||||||||||||||
1 | 2 | 3=1+2 | 4 | 5 | 6=3+5 | 7 | 8=6-7 | |||||||||||||||||||||||||||
Yang Chao | Chairman and Executive Director | 42.75 | 112.86 | 155.61 | 56.43 | 38.59 | 194.20 | 56.43 | 137.77 | |||||||||||||||||||||||||
Wan Feng | Executive Director and President | 38.48 | 101.57 | 140.05 | 50.79 | 34.61 | 174.66 | 50.79 | 123.87 | |||||||||||||||||||||||||
Lin Dairen | Executive Director and Vice President | 38.05 | 100.44 | 138.49 | 50.22 | 33.81 | 172.30 | 50.22 | 122.08 | |||||||||||||||||||||||||
Liu Yingqi | Executive Director, Vice President and Board Secretary | 38.05 | 100.44 | 138.49 | 50.22 | 33.81 | 172.30 | 50.22 | 122.08 | |||||||||||||||||||||||||
Miao Jianmin | Non-executive Director | — | — | — | — | — | — | — | — |
Commission File Number 001-31914
Name | Position | Basic annual salary | Annual performance bonus | Total salary | Welfare (including contribution by the employer to compulsory insurances, housing allowances, etc.) | Total (before tax) | The actual payment in 2010 (before tax) (including contribution by the employer to compulsory insurances, housing allowances, etc.) | |||||||||||||||||||||||||||
Including: deferral payment | Including: deferral payment | |||||||||||||||||||||||||||||||||
1 | 2 | 3=1+2 | 4 | 5 | 6=3+5 | 7 | 8=6-7 | |||||||||||||||||||||||||||
Shi Guoqing | Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Zhuang Zuojin | Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Ma Yongwei | Independent Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Sun Changji | Independent Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Bruce Douglas Moore | Independent Non-executive Director | 25.00 | 7.00 | 32.00 | — | — | 32.00 | — | 32.00 | |||||||||||||||||||||||||
Anthony Francis Neoh | Independent Non-executive Director | 14.58 | 2.92 | 17.50 | — | — | 17.50 | — | 17.50 | |||||||||||||||||||||||||
Xia Zhihua | Chairperson of the Supervisory Committee | 38.05 | 100.44 | 138.49 | 50.22 | 33.81 | 172.30 | 50.22 | 122.08 | |||||||||||||||||||||||||
Shi Xiangming | Supervisor | 58.78 | 43.98 | 102.76 | — | 28.85 | 131.61 | — | 131.61 | |||||||||||||||||||||||||
Yang Hong | Employee Representative Supervisor | 56.22 | 45.09 | 101.31 | — | 28.51 | 129.82 | — | 129.82 | |||||||||||||||||||||||||
Wang Xu | Employee Representative Supervisor | 56.22 | 39.54 | 95.76 | — | 26.90 | 122.66 | — | 122.66 | |||||||||||||||||||||||||
Tian Hui | Supervisor | 12.00 | 3.00 | 15.00 | — | — | 15.00 | — | 15.00 | |||||||||||||||||||||||||
Liu Jiade | Vice President | 38.05 | 100.44 | 138.49 | 50.22 | 33.81 | 172.30 | 50.22 | 122.08 | |||||||||||||||||||||||||
Zhou Ying | Vice President | 38.05 | 100.44 | 138.49 | 50.22 | 33.81 | 172.30 | 50.22 | 122.08 | |||||||||||||||||||||||||
Su Hengxuan | Vice President | 38.05 | 100.44 | 138.49 | 50.22 | 33.15 | 171.64 | 50.22 | 121.42 | |||||||||||||||||||||||||
Miao Ping | Vice President | 38.05 | 100.44 | 138.49 | 50.22 | 32.40 | 170.89 | 50.22 | 120.67 | |||||||||||||||||||||||||
Hwei-Chung Shao | Chief Actuary | 131.70 | 139.45 | 271.15 | — | 67.03 | 338.18 | — | 338.18 | |||||||||||||||||||||||||
Xu Hengping | Chief Operating Officer | 17.74 | 46.84 | 64.58 | 23.42 | 11.66 | 76.24 | 23.42 | 52.82 | |||||||||||||||||||||||||
Information regarding the compensation of the Directors, Supervisors and senior management members retired in 2010 | ||||||||||||||||||||||||||||||||||
Sun Shuyi | Independent Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
TOTAL | — | — | — | — | — | — | — | — | 1,953.72 |
Commission File Number 001-31914
Notes:
1. | The total compensation before tax in the above table refers to the total amount of compensation received by the Directors, Supervisors and senior management members of the Company for the year 2010 and includes the amount disclosed in the Company’s 2010 Annual Report. |
2. | Pursuant to the relevant PRC regulations, Independent Non-executive Directors Ma Yongwei, Sun Changji and Sun Shuyi did not receive any compensation from the Company in 2010. |
3. | The compensation for Directors, Supervisors and senior management members of the Company is calculated based on their respective terms of office in 2010. |
4. | The compensation for the Directors and Supervisors of the Company in 2010 is subject to the approval by the 2011 Annual General Meeting of the Company. |
By Order of the Board |
China Life Insurance Company Limited |
Heng Kwoo Seng |
Company Secretary |
Hong Kong, 26 March 2012
As at the date of this announcement, the board of directors of the Company comprises:
Executive directors: | Yuan Li, Wan Feng, Lin Dairen, Liu Yingqi | |
Non-executive directors: | Miao Jianmin, Shi Guoqing, Zhuang Zuojin | |
Independent non-executive directors: | Ma Yongwei, Sun Changji, Bruce Douglas Moore, Anthony Francis Neoh |