[CHINA LIFE INSURANCE COMPANY LIMITED (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (the “Company”) (Stock Code: 2628) ANNOUNCEMENT OF THE APPROVAL OF ISSUE OF SUBORDINATED TERM DEBTS Company Reference is made to the circular of China Life Insurance Company Limited (the “ By Order of the Board of China Life Insurance Company] [Description 99.1 Announcement, dated June 29, 2012]