BEIJING, April
27, 2022 /PRNewswire/ -- China Life Insurance Company
Limited (the "Company" or "China Life") (NYSE: LFC; SSE: 601628;
HKSE: 2628) announces today that at the extraordinary general
meeting held on April 27, 2022, Mr.
Bai Tao has been elected as an Executive Director of the seventh
session of the board of directors of the Company (the "Board"). At
the eleventh meeting of the seventh session of the Board held on
the same day, Mr. Bai Tao has been elected as the Chairman of the
Company. The qualification of Mr. Bai Tao is still subject to the
approval of the China Banking and Insurance Regulatory Commission,
and his term of office will end on the expiration of the term
of the seventh session of the Board.
Mr. Bai Tao, born in 1963, has been the Secretary to the Party
Committee of China Life Insurance (Group) Company, the controlling
shareholder of the Company, since January
2022. From August 1984 to
May 2014, Mr. Bai Tao worked at
Industrial and Commercial Bank of China Limited (a company listed
on the Hong Kong Stock Exchange, stock code: 1398, and the Shanghai
Stock Exchange, stock code: 601398) and successively served as an
Assistant to the President of Hainan Branch, the Deputy General Manager of
the Project Credit Department of the Head Office, the Vice
President of Jilin Branch, the
Vice President (responsible for daily operations) and the President
of Hunan Branch, the General
Manager of the Asset Risk Management Department, the General
Manager of the Risk Management Department and the President of the
Internal Audit Bureau of the Head Office. From May 2014 to August
2016, he served as the Vice President of China Life
Insurance (Group) Company. From September
2016 to July 2018, he served
as the Deputy General Manager of China Investment Corporation,
during which he also served as an Executive Director and the
General Manager of Central Huijin Investment Ltd. from October 2016. From July
2018 to January 2020, Mr. Bai
Tao served as the President, an Executive Director and the Vice
Chairman of The People's Insurance Company (Group) of China Limited
(a company listed on the Hong Kong Stock Exchange, stock code:
1339, and the Shanghai Stock Exchange, stock code: 601319), during
which he also served as the Chairman of PICC Investment Holding
Co., Ltd. from February 2019 and the
Chairman of PICC Capital Investment Management Company Limited from
July 2019. He was the Chairman of
State Development &Investment Corp., Ltd. from January 2020 to January
2022. Mr. Bai Tao, a senior economist, graduated from Renmin
University of China with a
doctoral degree in economics.
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SOURCE China Life
