At the 7th Meeting of the 5th Board of Directors and the 4th Meeting of the 5th Board of Supervisors, both held on 24 Oct 2008, the following proposals were examined and approved:

1. the 3Q 2008 Report
2. to increase the registered capital of China Pacific Life Insurance Co., Ltd. (CPLI), of which the number of total shares outstanding is currently 3.5 bln and in which the company currently holds a 98.0114% stake

CPLI plans to place 1.6 bln new shares at a price of RMB 5.00 per share with its shareholders, which will contribute to the registered capital increase based on their proportional holdings.

Following the capital boost, total shares outstanding of CPLI will increase to 5.1 bln.

3. Corporate Governance Rectification Report
Details can be found on the website of the Shanghai Stock Exchange (www.sse.com.cn), dated 27 Oct 2008.

Board of Directors
27 Oct 2008


Source: Shanghai Stock Exchange

Date: 27 Oct 2008

CN01/LL/VW/LZ/NK/KM