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Sanya, Tainjin, and Yangcheng Lake – China Life’s Strategic LayoutforRetirementLiving and Healthcare

Press Release Mar. 21, 2017

Days ago, China Life (Sanya) Investment Holding won the bidfor the F-3-1 land parcel in Linwang District of Sanya’sHaitang Bay, a successful attempt to complete China Life’s strategic layout of “Three Evergreen Estates” forretirementliving and healthcare.

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The China Life’s Sanya project is a joint program with Vantone Group to bring in the model of US TIRR Memorial Hermann, where NBAstars like Yao Ming and Tracy McGrady had rehabilitation treatment, to create an international first class rehabilitation, leisure and vocational retirement-living and health-

keepingcommunity. 
The project adjoins Hainan branch of General Hospital 301 of the PLA, which has medicine, healthcare, science and technology research, and teaching functions in one. At present, Sanya’sHaitang Bay has 32 Five-Star resort hotels either under construction or in service, a film cinema with a seating capacity of over 1,000 and the largest duty-free mall in Asia.

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China Life has beefed up its investment in the retirement living and healthcare community in recent years. Beside the Sanya project, the company also has a similar project in Suzhou’s Yangcheng Lake peninsula in 2013 and amedical and health care project in Tianjin Airport Economic Area in 2014. The largest demonstration platform for healthy retirement living – China Life retirement living experience center was opened in November 2014, and so far it has received12,000 customers. In addition, the star-level healthcare Hopsca in Beijing is on China Life’s agenda in succession.
 

1.Suzhou Yangcheng Lake Peninsula retirement living and healthcare Project

Retirement living Community Debut

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As the first demonstration project, the retirement living community of China Life in Suzhou Yangcheng Lake Peninsula is backed by a sound natural environment, abundant supplementary resources and a convenient transportation network. The project’s phase I construction occupies an area of 110,000 square meters. It is styled as a mid- and high-end retirement living and healthcare compound jointly built by China Life and Merrill Gardens,the largest non-listed nursing operation in the United States. The construction of the project beganin September 2015, and it is expected to be completed in 2018.

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China Life has launched an exclusive, viral product forthe Yangcheng Lake retirement living and healthcare Community Project – China Life Happy Golden-Year Annuity (w/ dividend distribution)”. Clients can get a pass to join the retirement living and healthcare community program and enjoy varieties of privileges and services by purchasing the financial and insurance product, to experiencethe real core retirement livingconcept of  a new, happy and secure life.

 

2.Medical and health care Project of Tianjin Airport Economic Area

High-end CCRC retirement living and healthcare Community

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The healthcare-centric CCRC medical and health care community,withan area of 111 mu, is designed forthe well-off elderly customerswho live in the new costal region, Tianjin urban area and Beijing suburbs to meet their substantial demands forrehabilitation, healthcare and daily nursing. The project is designed to have collaborations with international hospitals of the Tianjin Airport Economic Area to offer bilateral inpatient support, medical insurance networking, rehabilitation support, healthcare support and a green channel for doctor visits.

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The project has two major facilities – the retirement living and healthcare community and international rehabilitation hospital plus general amenities for the community to support community services, rehabilitation needs and practical training and the hospital to provide rehabilitation services for the patients of the community, Tianjin City and its suburbs.The hospital also cooperates with Tianjin Airport hospitals and other general hospitals on collaborated medicine support, rehabilitation therapeutic technology introduction, and industrialization.
 

3.Star-level Healthcare Hopsca

Physical-Mental Evaluation

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  Covering a 49,000-square meter area, China Life’s star-level healthcare hopsca consists of a retirement living experience center and a healthcaremanagement resort to offer customerswith customized physical-mental evaluation. The project fulfills customers’ daily healthcare management objective by providing health promotion services, including leading-edge physical examination, TCM therapy, dietary, leisure healthcare, recreation, and sports with a luxurious hot spring therapy, LPGA golf course recreation, physical examination center, TCU therapeutic hotel, and VIP health club.
 

4.China Life Silver Living and Healthcare Center

Industrial Value Chain of “Great Health + Great Silver Living”

China Life’sretirement living and healthcare experience center is located in the Daxing southern suburb of Beijing. The center consolidates a brand showcase, product R&D, sales platform, and resources pairing platform, the four core functions that fully demonstrate China Life’s unique “retirementliving + healthcare” service system and accentuate China Life’s  industrial value chain of “Great Health + Great Silver Living”, based on “Finance + Entity”, “Insurance + Service” modes. The center will continue to play its roles as a demonstration window for upgrading China Life’s retirement living and healthcare products and a technology R&D base.

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With the acceleration of China’s urbanization and the increasing of its aging population,to meet Chinese people’s demandsfor diversified retirementliving and healthcare services, China Life integrates its “customer-centric” corporate culture into every operational articulation to execute its core idea of “For Customers, By Customers” and the development strategy of “Great Asset Management, Great Health, Great RetirementLiving”. The strategycombineshealthcare investment, retirementliving service and insurance, aiming to establish a comprehensive service system based onits customers' retirementliving and healthcare needs.

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