Exhibit 99.1
ANNOUNCEMENT
SUPPLEMENTARY INFORMATION REGARDING COMPENSATION OF DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT MEMBERS IN 2019
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 2019 annual report on a preliminary basis. Information regarding their final compensation in 2019 is reported as follows:
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Unit: RMB ten thousand
Name | Position | Basic annual salary | Annual performance bonus | Total salary | Including: deferral payment | Welfare (including benefits and contribution by the employer to social insurance, housing provident fund and enterprise annuity fund) | Total remuneration before tax | Including: deferral payment | The actual payment of remuneration before tax in 2019 | |||||||||||||||||||||||||
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 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Li Mingguang | Executive Director, Vice President, Chief Actuary and Board Secretary | 143.20 | 143.20 | 286.40 | 85.92 | 23.00 | 309.40 | 85.92 | 223.48 | |||||||||||||||||||||||||
Yuan Changqing | Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Liu Huimin | Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Yin Zhaojun | Non-executive Director | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Wang Junhui | 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 | |||||||||||||||||||||||||
Leung Oi-Sie Elsie | Independent Director | 25.00 | 5.00 | 30.00 | — | — | 30.00 | — | 30.00 | |||||||||||||||||||||||||
Jia Yuzeng | Chairman of the Board of Supervisors | 143.20 | 143.20 | 286.40 | 85.92 | 22.95 | 309.35 | 85.92 | 223.43 | |||||||||||||||||||||||||
Luo Zhaohui | Supervisor | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Han Bing | Supervisor | 25.28 | 55.30 | 80.58 | 0.00 | 16.94 | 97.52 | 0.00 | 97.52 | |||||||||||||||||||||||||
Cao Qingyang | Employee Representative Supervisor | 28.58 | 52.05 | 80.63 | 0.00 | 15.41 | 96.04 | 0.00 | 96.04 | |||||||||||||||||||||||||
Wang Xiaoqing | Employee Representative Supervisor | 3.96 | 7.08 | 11.04 | 0.00 | 2.82 | 13.86 | 0.00 | 13.86 | |||||||||||||||||||||||||
Zhao Peng | Vice President | 93.98 | 93.98 | 187.96 | 56.39 | 17.38 | 205.34 | 56.39 | 148.95 | |||||||||||||||||||||||||
Ruan Qi | Vice President | 125.30 | 125.30 | 250.60 | 75.18 | 22.95 | 273.55 | 75.18 | 198.37 | |||||||||||||||||||||||||
Zhan Zhong | Vice President | 137.23 | 137.23 | 274.46 | 82.34 | 26.48 | 300.94 | 82.34 | 218.60 | |||||||||||||||||||||||||
Yang Hong | Vice President | 119.33 | 119.33 | 238.66 | 71.60 | 26.52 | 265.18 | 71.60 | 193.58 | |||||||||||||||||||||||||
Zhao Guodong | Assistant to President | 16.25 | 58.94 | 75.19 | 35.36 | 5.71 | 80.90 | 35.36 | 45.53 | |||||||||||||||||||||||||
Xu Chongmiao | Compliance Officer | 52.75 | 91.19 | 143.94 | 0.00 | 31.89 | 175.83 | 0.00 | 175.83 |
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Information regarding the compensation of directors, supervisors and senior management members who resigned or retired in 2019
Xu Hengping | Executive Director and Vice President | 0.85 | 0.00 | 0.85 | 0.00 | 1.79 | 2.64 | 0.00 | 2.64 | |||||||||||||||||||||||||
Xu Haifeng | Executive Director and Vice President | 53.06 | 52.21 | 105.27 | 31.33 | 10.09 | 115.36 | 31.33 | 84.03 | |||||||||||||||||||||||||
Shi Xiangming | Supervisor | 9.89 | 16.49 | 26.38 | 3.30 | 4.67 | 31.05 | 3.30 | 27.75 | |||||||||||||||||||||||||
Tang Yong | Supervisor | 4.74 | 7.49 | 12.23 | 0.00 | 2.78 | 15.01 | 0.00 | 15.01 | |||||||||||||||||||||||||
Huang Xin | Employee Representative Supervisor | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||
Song Ping | Employee Representative Supervisor | 48.35 | 92.72 | 141.07 | 7.06 | 30.74 | 171.81 | 7.06 | 164.75 | |||||||||||||||||||||||||
Zhao Lijun | Vice President | 95.47 | 95.47 | 190.94 | 57.28 | 15.19 | 206.13 | 57.28 | 148.85 | |||||||||||||||||||||||||
Xiao Jianyou | Vice President | 52.21 | 52.21 | 104.42 | 31.33 | 9.84 | 114.26 | 31.33 | 82.93 | |||||||||||||||||||||||||
Total | / | / | / | / | / | / | / | / | 2,287.15 |
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 2019 and includes the amount disclosed in the Company’s 2019 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 2019. |
3. | The remuneration of directors and supervisors of the Company in 2019 is subject to the approval at the general meeting of the Company. |
By Order of the Board |
China Life Insurance Company Limited |
Heng Victor Ja Wei |
Company Secretary |
Hong Kong, 17 December 2020
As at the date of this announcement, the Board of Directors of the Company comprises:
Executive Directors: | Wang Bin, Su Hengxuan, Li Mingguang | |
Non-executive Directors: | Yuan Changqing, Liu Huimin, Yin Zhaojun, Wang Junhui | |
Independent Non-executive Directors: | Chang Tso Tung Stephen, Robinson Drake Pike, Tang Xin, Leung Oi-Sie Elsie |
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