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Yang Chao aged 56 became the Chairman of the Company in July 2005 and the President of China Life Insurance (Group) Company in May 2005. Mr. Yang was the President of the Company between June 2005 and January 2006. With nearly 30 years of experience in the insurance and banking industries Mr. Yang is a Senior Economist. Between 2000 and 2005 Mr. Yang was the Chairman and President of both China Insurance (Holdings) Company Limited and China Insurance H.K. (Holding) Company Limited. Between 1996 and 2000 Mr. Yang was the Chairman and President of CIC Holdings (Europe) Limited. Between 1976 and 1996 Mr. Yang had been the Director and General Manager of the Operations Department of The People's Insurance Company of China the General Manager of The People's Insurance Company of China Shanghai Pudong branch the Deputy General Manager and the Assistant General Manager of The People's Insurance Company of China Shanghai branch and a staff member of Bank of China Shanghai branch. Between 2000 and 2005 Mr. Yang was the Chairman of the Board of Directors of China Insurance International Holdings Company Limited. Mr. Yang graduated from Shanghai International Studies University and Middlesex University in the United Kingdom Mr. Yang majored in English and Business Administration and has obtained a Master's degree in Business Administration. | 