In a board announcement released on August 27, China Life Insurance Company Limited disclosed that its eighth board of directors passed a resolution at the 32nd meeting to nominate Mr. Cao Yuan for the role of Vice President.

The appointment remains subject to regulatory approval from the National Financial Regulatory Administration before it can take effect.

According to the official biography, Cao Yuan was born in April 1980 and has served as a member of the Party Committee of China Life since August 2026. Since 2014, he has held multiple leadership roles at China Life Property and Casualty Insurance Company Limited, including Deputy General Manager of the Zhejiang Branch, General Manager of the Shanghai Branch, and later Vice President and Chief Financial Officer. Cao holds a Doctorate in Management from Shanghai University of Finance and Economics.