BEIJING,
May 5, 2022 /PRNewswire/
-- China Life Insurance Company Limited (the "Company") (NYSE: LFC;
HKSE: 2628; SSE: 601628) today provides an update on its status
under the Holding Foreign Companies Accountable Act (the "HFCAA").
The Company was provisionally named by the United States Securities
and Exchange Commission (the "SEC") as a Commission-Identified
Issuer under the HFCAA on May 4,
2022, New York time,
following the Company's filing of the annual report on Form 20-F
for the fiscal year ended December 31,
2021 with the SEC on April 29,
2022.
The Company understands that the SEC made such identification
pursuant to the HFCAA and its implementation rules, and this
indicates that the SEC determines that the Company used a
registered public accounting firm that is not currently subject to
inspection by the Public Company Accounting Oversight Board of
the United States (PCAOB) to issue
the audit opinion for its financial statements for the fiscal year
ended December 31, 2021.
In accordance with the HFCAA, the SEC shall prohibit a company's
shares or American depositary shares from being traded on a
national stock exchange or in the over-the-counter trading market
in the United States if the
company has been identified as a Commission-Identified Issuer under
the HFCAA by the SEC for three consecutive years.
The Company will continue to strictly comply with applicable
laws and regulations in both China
and the United States and monitor
market developments. The Company will timely perform its disclosure
obligations pursuant to regulatory requirements.
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SOURCE China Life
