Healthier, Longer, Better Lives

Mainland China: Unique Opportunity with 100% Ownership Geographical Expansion Multiplies AIA's Opportunity Middle Class Population (1) (m) Geographical Expansion Developments Jul 2019 Jul 2020 Nov 2020 Rest of Mainland China 129 Existing AIA China Footprint (2) 164 87 2010 2020 334 4x 296 11 new provinces and municipalities in focus Tianjin and Shijiazhuang launch AIA China subsidiarisation 100% Owned Subsidiary ☐ Sichuan approval AIA First foreign life insurance company with 100% owned subsidiary Proven Premier Agency expansion model Excellent Progress in Tianjin and Shijiazhuang Active Agents 53% Agency VONB 37% 2019 2020 4Q19 4Q20 ◉ Sichuan Over 30m middle class population in 2030E 2030E Operations ■ First branch in Western China Notes: (1) Sources: McKinsey, AIA estimates (2) Tianjin, Hebei and Sichuan included in 2030E existing AIA China footprint but not in 2010 and 2020 8

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