HONG KONG SAR - Media OutReach - 4 August 2022 - In the face of an ever-changing economic environment, being well-prepared can help you stay ahead of the opportunities to achieve your goals. A savings plan with steady returns allows you to fuel your wealth with ease and empower more possibilities for yourself and your loved ones. Hong Kong Life announces the launch of Wealth Up Savings Insurance Plan. With just a 2-year premium payment, customers can enjoy 20 years of savings and life protection with benefit from potential returns. The Plan offers premium prepayment arrangement, flexible death settlement options and simple application procedure with no medical examination required which lets customers reach financial goals of medium-to-long term at ease. Ms. Micky Cho, Chief Marketing Officer of Hong Kong Life, said, "Financial goals evolve throughout different stages of life, which drives the market demand for wealth management solutions. In times of the economic uncertainty, the public looks for stability and long-term growth for their assets when thinking about wealth management. Hong Kong Life has specially launched the Wealth Up Savings Insurance Plan which provides opportunities for medium-to-long term return to address customers' needs in wealth accumulation and comprehensive protection, so as to build a prosperous future for customers and their loved ones." Limited Time Offer: Enjoy Premium Discount and up to 4.24% p.a. Projected Total Return Rate upon Policy Maturity¹ From now until 30 September 2022, customers may enjoy up to 6% first year premium discount upon successful application of Wealth Up Savings Insurance Plan with fulfilment of the first year premium requirement and the policy being successfully issued. Customers can also enjoy up to 4% Premium Prepayment Discount in the second policy year by prepaying the second year premium in full at the time of application. The projected total return rate can reach up to 4.24% p.a. upon Policy Maturity¹.Key Features of Wealth Up Savings Insurance Plan:

• Short Premium Payment Term² with 20-Year Life Protection

The Premium Payment Term² of the Plan is 2 years² only with 20 years life protection for the Life Insured.

• Premium Prepayment Arrangement³ to Build Your Wealth with Ease

You can prepay the premium for the second year at the time of application and enjoy the premium prepayment discount on the second year premium³, so that you can build your wealth with ease.

• Additional Return to Build Your Wealth

The Plan not only provides Guaranteed Cash Value, Terminal Dividend (non-guaranteed)⁴ may also be payable on or after the end of 5^th Policy Year when the Policy is fully surrendered by the Policyowner, upon the death of the Life Insured or upon Policy Maturity, whichever is earlier. When the Policy is partially surrendered by the Policyowner, Terminal Dividend (non-guaranteed)⁴ may be payable on or after the end of 5th Policy Year. The payable amount is equal to the Terminal Dividend (non-guaranteed)⁴ attributable to the reduced portion of Principal Amount⁵. Terminal Dividend (non-guaranteed)⁴ will not accumulate in the Policy.

• Life Protection for Peace of Mind

When the Life Insured dies, the Total Death Benefit will be paid to the Beneficiary as below:

Policy Year	Total Death Benefit
1 - 5	101% of Total Premiums Paid6	less Indebtedness (if any).
6 - 20	Applicable to the Life Insuredwith issue age 70 or below: 105% of Total Premiums Paid6 OR 100% of Guaranteed Cash Value as at the date of death of the Life Insured (whichever is greater) Applicable to the Life Insuredwith issue age above 70: 101% of Total Premiums Paid6 OR 100% of Guaranteed Cash Value as at the date of death of the Life Insured (whichever is greater)	plus Terminal Dividend (non-guaranteed)4(if any), less Indebtedness (if any).

• Flexible Death Settlement Options⁷

The Plan provides flexible Death Benefit Settlement Options⁷. Instead of receiving the Death Benefit in a lump sum payment, Policyowner can designate other settlement options including Installment Payments (Fixed Amount) or Installment Payments (Fixed Period) while the Plan is in force and the Life Insured is alive to settle the Death Benefit to the Beneficiary.

• Fixed Premium for Your Better Planning

The premium will remain unchanged throughout the Premium Payment Term², allowing you to have a better plan for your future.

• Simple Application

Application procedure is simple and no medical examination is required. Learn more about the Wealth Up Savings Insurance Plan: https://www.hklife.com.hk/en/products/personal-insurance/savings-plan/wealth-up-savings-insurance-plan/index.html Terms and Conditions apply. For enquiries, please contact our Customer Service Hotline at 2290 2882 or visit Hong Kong Life website www.hklife.com.hk. Note：

1. For USD...