China Life declares its intention to withdraw registration with the US SEC

15 Nov, 2023

China Life declares its intention to withdraw registration with the US SEC

China Life Insurance declares its decision to withdraw from the United States Securities and Exchange Commission (SEC), officially ending its reporting obligations under the US Securities Exchange Act of 1934. The company initiated the process by delisting its American depositary shares (ADSs) from the New York Stock Exchange on Sept. 2, 2022. The termination of the American depositary receipt program followed on Nov. 11, 2022.

With the satisfaction of deregistration criteria, China Life plans to file a Form 15F with the SEC on Nov. 13, 2023. This filing will lead to the deregistration of ADSs and the company's overseas listed shares, officially concluding its reporting responsibilities under sections 13(a) and 15(d) of the Exchange Act.

Despite these changes in its US operations, China Life Insurance commits to uphold compliance with information disclosure obligations mandated by the rules of the Stock Exchange of Hong Kong and the Shanghai Stock Exchange, along with other relevant laws and regulations. Simultaneously, China has implemented measures allowing insurance firms to engage in longer-term share investments, contributing to efforts to stimulate the country's stock market.