A：In the second half of the year, the company will adhere to the general tone of steady progress, and plans to focus on six aspects of work, including serving the overall economic and social development, enhancing the resilience of high-quality development, deepening reform and innovation, promoting the comprehensive empowerment of digital change, accelerating the construction of customer service system and doing a solid job of risk prevention and control.

A：First of all, I would like to invite President Li Mingguang to introduce the company's performance in 2026.

A：The performance conference is divided into four parts: first, the president introduces the overall operation, and then other executives introduce the performance of business and operation, finance and investment, connotation value and solvency. The Company continued to deepen its asset-liability linkage, with rapid growth in first-year premiums and new business value, continued enhancement of portfolio income resilience, significant profit growth, and continued to lead the industry in connotative value. The comprehensive risk rating has continuously maintained the level of Class A companies, while focusing on shareholder returns. This time, it is proposed to pay an interim dividend of 3.58 yuan per 10 shares, up 50.4 year-on-year.

A：In the first half of 2026, the company's total assets reached 8.1 trillion billion yuan, a year-on-year increase of 6.6; the net profit attributable to shareholders was 134.49 billion billion yuan, a year-on-year increase of 228.6. By optimizing the cross-cycle investment layout, the company strengthens the timing and active management of fixed income investment, and the equity investment promotion strategy is balanced and diversified, with the overall investment scale of 1.5 trillion yuan, and the return potential and income resilience are improved simultaneously. Alternative investment strategic industry track layout, investment scale of 1 trillion yuan, various varieties of investment management capabilities to improve the overall.

A：In the first year of 2026, by giving full play to the functions of insurance economic shock absorber and social stabilizer, China Life adheres to the people-centered value orientation, takes high-quality development as the main theme, actively helps to weave a safety net for people's livelihood, and provides diversified health, pension and wealth management products and services around customer needs. In the first half of the year, China Life has spent more than 200 billion on various payments and compensation, and served more than 1.4 billion people, insurance coverage for 25 million people of both sexes.

A：The company accurately and efficiently serves the real economy, uses the advantages of long-term capital and patient capital of insurance funds, increases investment support for key areas such as five major financial articles and new productivity, and serves the real economy with a stock investment scale of more than 6 trillion, a technology and finance investment scale of more than 1 trillion, and a new productivity investment scale of more than 540 billion.

A：As the main force of the company's high-quality development, the first-year premium paid in the first half of the year increased by 17.9 year-on-year, the value of new business increased by 37.5 year-on-year, the sales manpower increased, and the proportion of excellent manpower increased. The new single premium of the bancassurance channel increased by 16.1 year on year, the first-year premium increased by 49.3, and the production capacity of single outlets and customer managers increased significantly.

A：Thank you for your question. At present, the company's accounting measurement of public equity investment is divided into two types: one is included in other comprehensive income, representing high-quality blue-chip stocks, and the other is directly included in the current profit and loss, typically representing growth enterprises in the field of new quality productivity. After increasing such investment, accounting profits will show some fluctuations. The company's short-term volatility stems from the process of serving the country's innovation-driven development and fostering long-term value, for which there are adequate management expectations. China Life adheres to the overall management of long-term assets and liabilities, obtains sufficient solvency through good management, resists short-term statement fluctuations, and realizes long-term value. Investors are advised to look at the effectiveness of the company's operations from a long-term perspective and should not focus too much on short-term fluctuations. The company's omni-channel operation to silver insurance, group insurance and other multi-point flowering, strengthen the professional ability of each channel, collaborative replenishment, to provide diversified insurance protection services. In the first half of this year, the company's connotation value increased by 10%, and the value of new business increased by 33.7, both leading the industry. The bancassurance channel has achieved significant growth, and the construction of professional people's insurance sharing has achieved remarkable results; the risk solving ability of the group insurance channel has been improved, and the market share has remained high; the Internet channel has explored the development model of digital insurance business with the characteristics of China Life, and the number of self-employed business and the number of new single pieces have increased significantly.

A：(No direct answer is given, further inquiry or relevant information is required)

A：The company is deeply involved in the policy long-term insurance management business, has been actively involved in and fine operation and management since 2016, and now has the ability to handle the whole process. At the same time, the company vigorously develops commercial long-term insurance products, introduces commercial care insurance adapted to the preferential policies of personal income tax, and explores the transformation mechanism of life insurance and long-term insurance liability to meet the diversified and multi-level protection needs of the masses. In the next step, the company will closely follow the national policy deployment, strengthen the handling service capacity, improve the level of fine operation, and contribute to the high-quality development of national long-term insurance.

A：In recent years, the company's marketing system reform has steadily promoted the professionalization, specialization and younger transformation of the county teams, and achieved good expected results. The specific performance is in three aspects: first, the size of the team has remained stable and increased, reaching 607000 by the end of June, an increase of 19000 from the end of last year, ranking first in the industry and laying a solid foundation for providing high-quality services to customers; second, the team's performance and core population have improved steadily, with the proportion of excellent performance increasing by 3.6 percentage points year-on-year, and the 13-month retention rate of newcomers increasing by 2.7 percentage; third, the trend of younger teams is obvious. The proportion of 45 years old and below has increased by 3.5 percentage points year-on-year, which has optimized the team structure, expanded the emerging customer base, and laid a solid foundation for the company's long-term sustainable development.

A：The pilot work of the seed plan was successfully completed, and the construction of the financial and insurance planner team (FLP team) was successfully promoted in the second quarter to meet the increasingly rich multi-level insurance needs of customers in key regions and enhance diversified sales and service capabilities. At present, this work is progressing smoothly in the company's omni-channel management system. As an organic part of the company's operation, the company will make overall planning and support in many aspects through overall arrangement to promote the overall coordinated development of the team.

A：China Life believes that with the economic development and the improvement of income level, the people's health insurance protection needs show diversified characteristics. The company has promoted a diversified matrix in the supply of health insurance, providing products of different terms, responsibilities and populations, such as psychological-related medical care for student groups, severe Alzheimer's disease medical care for the elderly, and occupational risk-related protection for new business practitioners. In the next step, the company will closely follow the trend of social development, enrich the supply of health insurance, expand the breadth of coverage and depth of responsibility, improve the selectivity of the supply of security for the elderly and specific groups, and introduce more diversified nursing insurance supply to help build a multi-level nursing security system. At the same time, it will continue to improve the ability of health insurance services, realize the integrated development of services and products, and enhance the convenience and accessibility of security services.

A：In the face of the pressure of increasing performance fluctuations, the company adheres to the long-term value management concept, from multiple dimensions to work together to meet the challenges. In the short term, although performance fluctuations are normal, we should grasp the layout opportunities brought about by short-term fluctuations in the capital market; from a long-term perspective, the company pays attention to improving long-term investment capabilities and the refinement of risk management models to meet the challenges of performance fluctuations. And emphasized that patient capital must not only have the ability to withstand fluctuations, but also the ability to seize opportunities.

A：The new rules of bancassurance channel reporting and bank integration further strengthen the cost refinement and standardized management of bancassurance products. Since the new regulations came into effect in July, the industry as a whole is in an adjustment period. In the long run, the new regulations will promote the industry to achieve high-quality development, the silver insurance channel has considerable room for growth. With the advantages of brand, channel layout, team building and comprehensive service, China Life will continue to maintain the development trend of bancassurance channels. China Life has achieved some results in the bancassurance channel, including the creation of more than 500 intelligences, which are used in the fields of sales services, operations and risk management. In terms of sales service, a AI private education and training system has been customized for sales personnel to improve their skills. In terms of customer service, the auxiliary judgment and information analysis of accident insurance and serious illness insurance liability are realized based on a large model, reducing the time limit of claim settlement service to 0.36 days. In terms of risk prevention and control, artificial intelligence has played an important role in the determination of claim reporting responsibility and the verification of insurance information.

A：For China Life, the development of artificial intelligence brings many opportunities. First of all, the company has a wealth of business types and a large number of historical data assets formed by long-term operation, which will play a greater role in the era of artificial intelligence. Secondly, AI can improve the efficiency of standardized work, so that employees can focus on highly complex and personalized work. In addition, the professional capabilities accumulated in the company's long-term complex business practice can be quickly passed on to front-line service personnel and customers with the help of AI, significantly improving customer service capabilities. In the face of these opportunities, China Life will actively embrace the development of artificial intelligence, continue to promote the integration of technology and business, optimize service processes, and improve efficiency and quality.