“Following the acquisition of Zhongrong Smart Finance Technology Information Technology Co., Ltd. (“Zhongrong”), fanhua aims to invest or acquire 20 to 30 small and medium-sized insurance agencies in the coming years. Through the integration with Zhongrong general management platform, we expect to connect with 300-500 small and medium-sized insurance agencies to strengthen various parties in the industry and contribute to the transformation and sustainable high-quality development of the industry in the long-term .”
About Fanhua Inc.
Fanhua Inc. is a leading independent financial services company. Through our online platforms and offline sales and service network, we offer a wide range of financial products and services to individuals, including life, property and casualty insurance. We also offer insurance claims customization services such as damage assessments, investigations, authentications and damage estimates, as well as value-added services such as roadside assistance.
Our online platforms include: (i) Lan Zhanggui, an all-in-one platform that allows our agents to access and purchase a wide variety of insurance products for their policyholders, including life insurance, auto insurance, casualty insurance, travel insurance and standard health insurance products from multiple insurance companies on their mobile devices; (ii) Baowang (www.baoxian.com), an online access portal for comparing and purchasing short-term health, accident, travel and home insurance products and (iii) eHuzhu (www.ehuzhu.com), an online non-profit mutual aid platform China.
From September 30, 2022our distribution and service network consisted of 697 outlets in 23 provinces, autonomous regions and centrally administered municipalities and 100 service points in 31 provinces.
For more information about Fanhua Inc.please visit http://ir.fanhuaholdings.com/.
This press release contains forward-looking statements. These statements, including those regarding the Company’s future financial and operating results, are made under the “safe harbor” provisions of the U.S Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates,” and similar statements. Management’s listings and the Business Outlook section, among others, contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about fanhua and industry. Potential risks and uncertainties include, but are not limited to, those relating to its ability to attract and retain productive agents, particularly entrepreneurial agents, its ability to maintain existing business relationships with insurance companies and develop new business relationships, its ability to execute on its growth strategy, its ability to adapt to the changing regulatory environment in China’s insurance industry, its ability to compete effectively with its competitors, quarterly variations in its operating results caused by factors beyond its control and macro economic conditions China, future development of the COVID-19 outbreak and their potential impact on insurance product sales. Unless otherwise indicated, all information in this press release is as of the date hereof, and fanhua assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. although fanhua believes that the expectations expressed in these forward-looking statements are reasonable, cannot assure you that its expectations will prove to be correct, and investors are cautioned that actual results may differ materially from those anticipated. Further information about risks and uncertainties you face fanhua is included in Fanhua’s filings with the US Securities and Exchange Commissionincluding the annual report on Form 20-F.
Source: Fanhua Inc.
For more information, please contact:
Tel: +86 (20) 8388-3191
Email: [email protected]
Source: Fanhua Inc.