The board of directors of New China Life Insurance has undergone another change.
On the evening of December 9, New China Life announced that the 27th meeting of the eighth board of directors was held on December 9, 2024, in Beijing in person. There were 10 directors expected to attend, and all 10 were present, with company supervisors attending the meeting.
The meeting was chaired by Chairman Yang Yucheng. After deliberation and on-site voting by the attending directors, it was agreed to nominate Mao Sixue as a candidate for non-executive director of the eighth board of directors and to submit the proposal for review at the shareholders' meeting; it was also agreed to nominate Zhuozhi as a candidate for independent director of the eighth board of directors and to submit the proposal for review at the shareholders' meeting. After the proposal is approved by the shareholders' meeting, the qualifications of Mao Sixue and Zhuozhi still need to be approved by regulatory authorities.
<h2>New Director from Public Fund Background</h2>
Public information shows that Mao Sixue was born in October 1975 and is 49 years old this year. She obtained a master's degree in economics from Central University of Finance and Economics in April 2001 and an MBA from the University of Chicago in June 2008.
Mao Sixue previously worked at Dacheng Fund and Dongfang Fund Company.
She is currently employed at Central Huijin Investment Ltd., serving as Managing Director. Mao Sixue joined China Investment Corporation in June 2008 and has worked in external investment in the equity investment department, special investment department, Junyi Asset Management Company, Investment Department II, and Private Equity Investment Department II, holding positions as Senior Deputy Manager, Senior Manager, and Team Leader.
<h2>Former Secretary Resigns</h2>
The announcement shows that on December 9, 2024, the board of directors received a resignation letter from Gong Xingfeng, who resigned from the position of board secretary of New China Life due to adjustments in work arrangements.
Gong Xingfeng confirmed that he had no disagreements with the company's board of directors and that there were no matters that needed to be communicated to the company's shareholders.
The announcement stated that Gong Xingfeng had been diligent and responsible during his tenure as board secretary, and the board expressed heartfelt thanks for his significant contributions.
<h2>New Secretary Also Has &#34;CIC&#34; Background</h2>
On the same day, the 27th meeting of the eighth board of directors of New China Life approved the proposal on the appointment of the board secretary and co-secretary of the company, agreeing to appoint Liu Zhiyong as the board secretary of the company. Liu Zhiyong's qualifications are subject to regulatory approval. Before approval, the company's board of directors designated Liu Zhiyong to perform the duties of board secretary.
Public information shows that Liu Zhiyong was born in March 1972 and is 52 years old this year.
Liu Zhiyong obtained a Ph.D. in management from Renmin University of China in January 2017 and holds the qualification of economist.
Liu Zhiyong previously served as Senior Manager of the Human Resources Department and Team Leader of the Research and Planning Group at China Investment Corporation, Supervisor dispatched from the Securities Institution Management Department/Insurance Institution Management Department of Central Huijin Investment Ltd., and General Manager of the Human Resources Department of New China Life. Liu Zhiyong has also worked at China People's Property Insurance Company.
Since March 2024, he has served as Assistant to the President of the company. Liu Zhiyong is currently the Minister of the Organization Department of the company's Party Committee, concurrently serving as Vice President of the New China Party School and Executive Vice Dean of the New China Insurance Cadre Training Institute
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China Investment Corporation personnel nominated again, Xinhua Life Insurance announces executive changes

- On December 9, 2024, Xinhua Life Insurance held its 27th board meeting, where it nominated Mao Sixue and Zhuozhi as candidates for non-executive and independent directors, respectively, pending shareholder approval and regulatory approval.  
- The meeting also noted the resignation of Gong Xingfeng as board secretary, who confirmed no disagreements with the board.  
- Liu Zhiyong was appointed as the new board secretary, with his qualifications awaiting regulatory approval, and he has a background in investment and human resources.