Investor Presentaiton

China Life - Performance Highlights Maintaining steady asset growth and sufficient capital level Shareholders' Equity NT$bn 95.3 82.6 81.1 73.1 129.9 Return on Equity 14.68% 11.69% 12.09% 11.57% 10.30% LLLL 2015 2016 2017 2018 1H19 2015 2016 2017 2018 1H19 2,000 1,896.8 ■Total Assets 1,800 1,600 NT$bn 1,400 1,711.4 1,465.7 1,323.7 1,107.3 1,200 1,000 648.8 800 600 Listed on the Taiwan Stock Acquired Winterthur Taiwan 400 Exchange 200 1995 from AXA 2007 Acquired PCA Life 2009 Total assets Surpassed NT$1 trillion 2014 2015-2019 Ranked among the top 5% of the Corporate Governance Evaluation Awards for 5 consecutive years CDF holds 34.96% Included into shares of China Life after the FTSE4Good completion of the tender offer 2017 TIP Taiwan ESG Index 1H19 0 1963 Established 2003 Professional management team joined 2008 Avoid the subprime turmoil during financial crisis 2010 Jointly invested CCB Life with China Construction Bank 2016 Included into TWSE CG 100 Index 2018 中華開發金控 CHINA DEVELOPMENT FINANCIAL Completed the acquisition of Allianz Taiwan Life's traditional policies and system integration This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 9

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