BEIJING, Aug. 4, 2023
/PRNewswire/ -- China Life Insurance Company Limited (the
"Company") (NYSE: LFC; SSE: 601628; HKSE: 2628) announced
today that due to the adjustment of work arrangements, Mr.
Zhao Peng tendered his resignation
as the President, an Executive Director and a member of the
Strategy and Assets and Liabilities Management Committee of the
Company on August 4, 2023, which took
effect on the same day. Mr. Zhao
Peng has confirmed that he has no disagreement with the
board of directors (the "Board") of the Company and there are no
other matters relating to his resignation that need to be brought
to the attention of the shareholders of the Company. The
Company would like to express its gratitude to Mr. Zhao Peng for his contribution to the Company
during his tenure of service.
The Company further announced that at the twenty-seventh meeting
of the seventh session of the Board of the Company held on
August 4, 2023, Mr. Li Mingguang has
been appointed as the President of the Company and his
qualification as the President of the Company is subject to the
approval of the National Administration of Financial Regulation.
Prior to obtaining such approval, the Board has appointed Mr. Li
Mingguang as the person temporarily in charge of the Company.
The biographical details of Mr. Li Mingguang are set out
below:
Mr. Li Mingguang, born in July
1969, has been serving as the Secretary to the Party
Committee of the Company since July
2023, an Executive Director of the Company since
August 2019, and a member of the
Party Committee of China Life Insurance (Group) Company since
April 2023. Mr. Li Mingguang joined
the Company in 1996 and subsequently served as the Deputy Division
Chief, the Division Chief, an Assistant to the General Manager of
the Product Development Department, the Responsible Actuary of the
Company, the General Manager of the Actuarial Department, the Chief
Actuary, the Board Secretary and the Vice President of the Company.
He was the Chief Actuary of China Life Pension Company Limited and
a Director of China Life Asset Management Company Limited. He
graduated from Shanghai Jiao Tong University with a bachelor's
degree in computer science in 1991, Central University of Finance
and Economics majoring in monetary banking (actuarial science) with
a master's degree in 1996 and Tsinghua University with an EMBA in
2010. Mr. Li Mingguang is a Fellow of the China Association of
Actuaries (FCAA) and a Fellow of the Institute and Faculty of
Actuaries (FIA). He was the Chairman of the first session of the
China Actuarial Working Committee and the Secretary-general of both
the first and the second sessions of the China Association of
Actuaries. He is currently the Vice Chairman of the China
Association of Actuaries. Mr. Li Mingguang receives a special
government allowance from the State Council.
China life insurance
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SOURCE China Life