HONG KONG, April 28, 2021 /PRNewswire/ -- China Life
Insurance Company Limited (the "Company") (NYSE: LFC; SSE:
601628; HKSE: 2628) announced today that on the recommendation of
the audit committee of the Company, the board of directors of the
Company (the "Board") proposed to appoint
PricewaterhouseCoopers Zhong Tian LLP as the PRC auditor and the
auditor for the Form 20-F of the Company to be filed with U.S.
Securities and Exchange Commission for the year 2021, and
PricewaterhouseCoopers as the Hong
Kong auditor of the Company for the year 2021, who will hold
office until the conclusion of the annual general meeting of the
Company for the year 2021. The proposed appointment of auditors has
been approved by the audit committee and the Board of the Company,
and is still subject to the approval by the shareholders of the
Company at the forthcoming annual general meeting of the Company
for the year 2020 (the "AGM").
The Board notes that Ernst & Young Hua Ming LLP and Ernst
& Young have consecutively served as the auditors of the
Company for eight years since 2013 and the decision to change
auditors was due to relevant PRC rules limiting the term of service
of audit firms continuously engaged by a PRC financial institution
to eight years.
Ernst & Young Hua Ming LLP and Ernst & Young will retire
as the auditors of the Company upon conclusion of the
AGM. Ernst & Young Hua Ming LLP and Ernst & Young have
confirmed that there are no matters relating to their retirement
that need to be brought to the attention of the shareholders of the
Company. The Board has also confirmed that the Company has no
disagreement or unresolved matters with Ernst & Young Hua Ming
LLP and Ernst & Young, and is not aware of any matters that
need to be brought to the attention of the shareholders of the
Company. There have been no reportable events requiring disclosure
pursuant to Item 16F(a)(1)(v) of Form 20-F.
The Board would like to express its gratitude to Ernst &
Young Hua Ming LLP and Ernst & Young for their professional
services provided to the Company in the past years.
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SOURCE China Life Insurance (Overseas) Company Limited