I. China Life Insurance Co., Ltd. was previously selected through a public recruitment process by the Human Resources Department to undertake this insurance business, with a service period from April 1, 2023, 00:00 to March 31, 2025, 24:00, for a duration of 2 years. Due to the company's efforts to create a distinctive, youthful, and vibrant brand image, it previously applied to the competent authority to change its company name to "KGI Life Insurance Co., Ltd. (hereinafter referred to as KGI Life)", and received approval to proceed via the Financial Supervisory Commission's letter No. JGSB-1120432605 dated August 14, 2023.

II. China Life Insurance Co., Ltd. officially changed its name to KGI Life on January 1, 2024. All rights and obligations related to existing contracts with the aforementioned department remain unchanged, and policyholders' rights and interests will not be affected by the name change.