China Life Promotes the Health Industry Layout   The Joint-stock Grade A and First-class Hospital to be Built in Zibo

On December 17th, 2015, China Life,Central Hospital of Zibo (hereinafter referred to as the "Central Hospital")and Sinopharm Financial Leasing Co., Ltd. (hereinafter referred to as "Sinopharm")signed a cooperation agreement in Zibo, Shandong Province. The three parties will jointly establish a hospital management company (hereinafter referred toas "the New Company"). Among them, China Life is the largest shareholder of the new company. After the establishment, the new company willbe responsible for the construction of the engineering project of West Area ofthe Central Hospital, and the establishment and operation of the new area. The new west area will be build in accordance with the standards of a comprehensive Grade 3 and First-class Hospital. It strives to create a large comprehensive hospital with first-class hardware facilities, complete disciplines, strong technicalforce and outstanding characteristic units. The new area is expected to becompleted in 2019. In the first stage, 1,000 beds will be provided.

The investment will be led by ChinaLife Investment Holding Company Limited, a professional alternative investment platform of China Life.