FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20261005E00295 
1. Date of relevant event: 29/09/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):
(dd/mm/yyyy)
3. Stock code: 02628
4. Name of listed corporation: China Life Insurance Co. Ltd. - H Shares 
5. Class of shares: H Shares 
6. Number of issued shares in class: 7,441,175,000
7. Name of substantial shareholder: Citigroup Inc. 
8. Registered office: 388 Greenwich Street, New York, 10013, USA
9. Principal place of business in Hong Kong: 50/F, Champion Tower, 3 Garden Road, Central, Hong Kong 
15. Exchange on which listed: NYSE
16. Name of listed parent and exchange on which parent is listed:  
17. Details of relevant event:
  Brief description of relevant event Capacity in which shares were/are held Number of shares bought/sold or involved Currency of transaction On Exchange Off Exchange
Before relevant event After relevant event Highest price (per share) Average price (per share) Average consideration (per share) Nature of consideration
Long position
12042The percentage level of your interest in the shares has reduced because:
expiry or cancellation without exercise of equity derivatives under which (choose one):
you were under an obligation to take the underlying shares
2201Interest of corporation controlled by you
2,772,428 HKD
Short position 
 
 
 		            
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position448,504,8836.02
Short position54,342,2600.73
Lending Pool417,421,0865.60
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position445,732,4555.99
Short position54,466,4120.73
Lending Pool417,479,0865.61
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2106Person having a security interest in shares
Long position379,332
Short position0
2201Interest of corporation controlled by you
Long position27,874,037
Short position54,466,412
2502Approved lending agent
Long position417,479,086
Short position0

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4101Listed derivatives - Physically settled
Long position9,145,000
Short position4,505,000
4105Unlisted derivatives - Physically settled
Long position1,847,813
Short position30,545,806
4106Unlisted derivatives - Cash settled
Long position1,167,000
Short position9,844,444
22. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling person% controlDirect interest (Y/N)Number of shares
Citicorp LLC388 Greenwich Street, New York, NY 10013, USACitigroup Inc.100.00N
Long position418,067,900
Short position9,586,497
Citibank, N.A.5800 South Corporate Place, Sioux Falls, SD 57108, Lincoln, USACiticorp LLC100.00Y
Long position418,055,941
Short position9,188,915
Citigroup Global Markets Holdings Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Inc.100.00N
Long position27,664,555
Short position42,486,436
Citigroup Financial Products Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Global Markets Holdings Inc.100.00N
Long position27,664,555
Short position42,486,436
Citigroup Global Markets Hong Kong Limited50/F, Champion Tower, Three Garden Road, Central, Hong KongCitigroup Financial Products Inc.100.00Y
Long position12,437,292
Short position32,556,306
Citigroup Global Markets Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Financial Products Inc.100.00Y
Long position2,729,000
Short position0
Citigroup Global Markets Holdings Bahamas LimitedCaves Corporate Centre Building No. 2, West Bay Street P.O. Box N-1576, Nassau, New Providence, BahamasCitigroup Financial Products Inc.90.00N
Long position12,498,263
Short position9,141,130
Citigroup Global Markets LimitedCitigroup Centre, Canada Square, Canary Wharf, E14 5LB London, ENGLANDCitigroup Global Markets Holdings Bahamas Limited100.00Y
Long position12,498,263
Short position9,141,130
Citigroup Global Markets Europe Finance LimitedCitigroup Centre, Canada Square, Canary Wharf, E14 5LB London, ENGLANDCitigroup Financial Products Inc.100.00N
Long position0
Short position789,000
Citigroup Global Markets (International) Finance GmbHHardstrasse 201, CH-8005, 8005 Zurich, SWITZERLANDCitigroup Global Markets Europe Finance Limited100.00N
Long position0
Short position789,000
Citigroup Global Markets Switzerland Holding GmbHBaarerstrasse 14-16, 6300 Zug, SWITZERLANDCitigroup Global Markets Europe Finance Limited100.00N
Long position0
Short position789,000
Citigroup Global Markets Overseas Finance Limited50/F, Champion Tower, Three Garden Road, Hong KongCitigroup Global Markets Switzerland Holding GmbH48.14N
Long position0
Short position789,000
Citigroup Global Markets Overseas Finance Limited50/F, Champion Tower, Three Garden Road, Hong KongCitigroup Global Markets (International) Finance GmbH51.86N
Long position0
Short position789,000
Citigroup Global Markets Hong Kong Holdings Limited50/F, Champion Tower, Three Garden Road, Hong KongCitigroup Global Markets Overseas Finance Limited100.00N
Long position0
Short position789,000
Citigroup Global Markets Asia Limited50/F, Champion Tower, Three Garden Road, Hong KongCitigroup Global Markets Hong Kong Holdings Limited100.00Y
Long position0
Short position789,000
Citibank, N.A.5800 S Corporate Place, Sioux Falls, SD 57108, Lincoln, USACiticorp LLC100.00N
Long position11,959
Short position397,582
Citibank Overseas Investment CorporationNew Castle Corporate Commons, Operations One Bldg., One Penn's Way, New Castle, DE 19720, USACitibank, N.A.100.00N
Long position11,959
Short position397,582
Citi Investments Bahamas Ltd.Caves Corporate Centre Building No. 2, West Bay Street, Nassau, BAHAMASCitibank Overseas Investment Corporation100.00N
Long position11,959
Short position397,582
Citigroup Holding (Singapore) Private Limited8 Marina View, #21-00 Asia Square Tower 1, 018960, SingaporeCiti Investments Bahamas Ltd.100.00N
Long position11,959
Short position397,582
Citi Overseas Holdings Bahamas LimitedCaves Corporate Centre Building No. 2, West Bay Street, Nassau, BAHAMASCiti Investments Bahamas Ltd.100.00N
Long position11,959
Short position0
Citibank Europe plc1 North Wall Quay, Dublin 1, D01 T8Y1 Dublin, IRELANDCiti Overseas Holdings Bahamas Limited100.00Y
Long position11,959
Short position0
Citibank BerhadMenara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, MALAYSIACitigroup Holding (Singapore) Private Limited100.00Y
Long position0
Short position397,582
Citigroup Global Markets Holdings Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Inc.100.00Y
Long position0
Short position2,393,479

23. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
 
24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:
Names of trustAddressStatus codeNumber of shares
  
25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):
Names of other partiesAddressNumber of shares
 
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:
NamesAddressRelationship CodePercentage (%)
  
 
27. Supplementary information:
28. Log/Serial Number of the previous form:
29. Number of concert party document(s) under section 317 attached/uploaded:
Date of filing this Form 2: 05/10/2026
(dd/mm/yyyy)