Taikang Life Insurance Company Limited (“Taikang Life”) successfully completed its 2014 Phase II term subordinated bond (“14 Taikang 02”) issuance. A total of RMB 3.0 billion was raised in the 2014 Phase II Taikang Life term subordinated bonds issuance at a par value of RMB 100; a 10-year fixed rate is finalized, callable by the issuer at the 5th year end; the issuer and the debt is rated AAA and AA+, respectively; the offering rate is set at 5.6%. CICC acted as Sole Lead Underwriter in this transaction.