SINGAPORE, 07 July 2023 - China Life Insurance (Singapore) Pte. Ltd. ("China Life Singapore") and SDM Preschool Education Holdings Limited ("SDM") have signed Framework Partnership Agreement (“FPA”). The FPA aims to establish a long-term partnership in various areas, including customer referrals, preferential policies, knowledge exchange, and consulting services. Both parties will work together to enhance competitiveness and market presence in the "insurance + education" ecosystem, while jointly striving to promote the development of Chinese enterprises in Singapore.

SDM, one of the leading early childhood education groups in Singapore, operates three major brands: SDM Childcare Centre, Chatsworth Preschool, and Sunflower Childcare Group. They are committed to integrating environmental friendly concepts like nature conservation and organic hydroponic rooftop farming into their curriculum. The exceptional credentials and promising growth prospect form a strong and reliable foundation for the collaboration. With a team of highly-skilled professionals, SDM has garnered an excellent reputation in the early childhood education industry over the years.

China Life Singapore is placing strong focus and emphasis on addressing the protection needs of its customers while actively exploring collaborations with relevant industries. Through its “insurance+” ecosystem, it aims to establish connections to a wider range of sectors, including healthcare, education, retirement, taxation, investment, legal services, and daily living. The objective is to create a comprehensive and high-quality insurance+ ecosystem by consistently developing integrated solutions that offer exceptional products and service. China Life Singapore is committed to deliver excellent services and utmost value to its diverse customer base.

Mr. Gao Feng, Deputy Chief Executive of China Life Singapore, and Mr. Jacky Chiu, Chairman and Executive Director of SDM, signed the FPA. The signing was witnessed by Mr. Lin Xiangyang, Chief Executive of China Life Singapore, Mr. Sam Zhang, Chief Investment Officer and Executive Director of SDM, and Mr. Heng Kwang Han, Executive Director of SDM.

Mr. Lin Xiangyang emphasized that the collaboration between the two organisations is a key milestone. China Life Singapore is committed to driving the deep integration of "insurance+" across various industries. With that in mind, the company aims to lead the expansion of service areas amongst the Chinese insurersby broadening the scope of insurance protection services. The company will actively explore the optimum combination and integration of life insurance with health management, elderly care, healthcare and education. It seeks to not only expand the "insurance+" ecosystem but also effectively manage it. China Life Singapore will strive to establish an "insurance+" ecosystem platform to facilitate cross-industry communication, collaboration, and development in Singapore. This will enable the provision of higher-quality products and services to a wider range of customers.

Mr. Heng Kwang Han also expressed his enthusiasm for the collaboration between SDM and China Life Singapore. He emphasized their shared commitment to building a premium "insurance+ early childhood education" service chain that serves the esteemed customers of China Life and the families of SDM. Mr. Heng Kwang Han commented that this partnership will lead them towards a prosperous and fulfilling journey, creating a positive impact for a broader community of stakeholders.