China Life Asset Management Co., Ltd. and Aetos Capital, LP Form Strategic Partnership.

HONG KONG -- China Life Asset Management Co., Ltd. and Aetos Capital, LP have formed a strategic partnership to identify and evaluate real estate investment opportunities throughout China. The partnership will consider a wide range of asset-types including office, residential, industrial, retail, hotel, and mixed-use properties, as well as well-located land with potential for future development.

Mr. Miao Jianmin, Executive Chairman of China Life Asset Management Co., Ltd., said, "We are extremely pleased to have the opportunity to work with Aetos Capital and its world-class investment professionals in their pursuit of opportunities for investment in real estate assets in China. Aetos Capital's large fund size and track record of success combined with their careful, disciplined approach to China bodes very well for their efforts here."

Mr. Scott Kelley, Chief Executive Officer of Aetos Capital Asia, LLC and head of its real estate business said, "We are deeply committed to the Chinese market. We believe that China's strong economic growth, rapid development and profound demographic shifts will create huge investment potential in the market. As we take this important step in expanding our efforts in China, we are pleased that China Life Asset Management Co., Ltd. has agreed to work with us as our strategic partner. We are excited to work closely with the talented and experienced team at China Life Asset Management Co., Ltd., a leading Chinese financial institution."

China Life Asset Management Co., Ltd. is the largest institutional investor in the Mainland Chinese capital market. As of May 31, 2007, its assets under management exceeded 900 billion Renminbi (US$117 billion). China Life Asset Management Co., Ltd. and China Life Insurance Company Limited are both affiliated with China Life Insurance Group Company. China Life Insurance Company Limited (SEHK: 2628; NYSE: LFC), is the leading provider of individual life insurance and annuity products in the People's Republic of China.

Aetos Capital, LP is an independent investment management firm offering alternative asset class investment opportunities in real estate and absolute return. Aetos Capital, LP manages two real estate private equity funds (Aetos Capital Asia and Aetos Capital Asia II) with approximately US$3 billion of equity commitments. The funds are dedicated to making investments in real estate assets and companies, primarily in Asia. To date, the funds have made investments with a value in excess of US$5 billion. Aetos Capital's affiliated company, AEA Investors, offers private equity investment opportunities. Founded in 1999, Aetos and its affiliates have US$10 billion of assets under management, 200 employees and offices in New York, Hong Kong, Tokyo, Osaka, London and Menlo Park.