Fanhua

Fanhua, Inc. engages in the provision of online-to-offline financial services. It operates through the following business segments: Insurance Agency, Insurance Brokerage, and Claims Adjusting. The Insurance Agency segment comprises of property and casualty insurance products as well as life insurance products. The Insurance Brokerage segment markets and sells commercial lines of property and casualty insurance products; group life insurance products; liability; insurance products; and credit insurance products to corporate clients. The Claims Adjusting segment provides claims adjusting services to self-insured entities or insurance companies. The company was founded by Yin An Hu and Qiu Ping Lai in 1998 and is headquartered in Guangzhou, China.

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AIX, Inc. engages in the provision of agency services and insurance claims adjusting services. It operates through the Insurance Agency and Claims Adjusting segments. The Insurance Agency segment includes providing agency services for insurance products and life insurance products. The Claims Adjusting segment provides pre-underwriting survey services, claims adjusting services, disposal of residual value services, loading and unloading supervision services, and consulting services. The company was founded by Yin An Hu and Qiu Ping Lai in 1998 and is headquartered in Guangzhou, China.

GUANGZHOU, China, Dec. 16, 2021 (GLOBE NEWSWIRE) -- The board of directors (the “Board”) of Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that with immediate effect, Mr. Yinan Hu (“Mr. Hu”), founder and a director of the Company, has been appointed by the Company's Board to be its chairman and chief executive officer, filling the vacancy left by the resignation of Mr. Chunlin Wang (“Mr. Wang”). Mr. Wang has informed the Board that his resignation is due to his personal reasons.

Fanhua Announces Changes to its Board of Directors and Management

GUANGZHOU, China, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that its Board of Directors has received a preliminary non-binding proposal letter dated December 16, 2021, from a consortium (the “Consortium”) led by Mr. Yinan Hu, founder and a director of the Company, to acquire all of the outstanding ordinary shares of the Company not already owned by the Consortium for $9.8 per American Depositary Shares (“ADS”), or $0.49 per ordinary share in a going private transaction, (the “Proposed Transaction”), subject to certain conditions. The price represents a premium of approximately 10.2% to the closing price of the Company's ADS on December 15, 2021. Mr. Hu currently beneficially owns approximately 18.6% of the Company's outstanding ordinary shares.

Fanhua Announces Receipt of Non-Binding Going Private Proposal

GUANGZHOU, China, Nov. 28, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it has partnered with Sinatay Life Insurance Co., Ltd (“Sinatay”) to launch two customized products, including “Fanhua-Sinatay Legacy”, a whole life insurance plan and “Fanhua-Sinatay Yixiang”, an annuity insurance plan.

Fanhua Launches Customized Whole Life and Annuity Insurances with Sinatay

GUANGZHOU, China, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it has partnered with Aviva-COFCO Life Insurance Co., Ltd (“Aviva-COFCO”) to launch “Huaying Guardian No.1”, an innovative, customized critical illness (“CI”) plan.

Fanhua Launches Customized Critical Illness Insurance with Aviva-COFCO

Fanhua, Inc. (FANH) CEO Chunlin Wang on Q3 2021 Results - Earnings Call Transcript

GUANGZHOU, China, Nov. 23, 2021 (GLOBE NEWSWIRE) -- The board of directors of Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that its Board of Directors (the “Board”) has declared a quarterly dividend of US$0.0075 per ordinary share, or US$0.15 per ADS for the third quarter of 2021. The dividend is payable on or around December 22, 2021 to shareholders of record on December 8, 2021.

Fanhua Announces Quarterly Cash Dividend of US$0.15 per ADS for the Third Quarter of 2021

GUANGZHOU, China, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc., (Nasdaq: FANH), (the “Company” or “Fanhua”), a leading independent financial services provider in China, today announced its unaudited financial results for the third quarter ended September 30, 20211.

Fanhua Reports Third Quarter 2021 Unaudited Financial Results

GUANGZHOU, China, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that as of November 23, 2021, the total regular life insurance business facilitated by Fanhua has exceeded RMB10 billion in terms of gross written premiums (“GWP”), over a month earlier than last year.

Fanhua's Regular Life Insurance Business Hits RMB10 Billion by GWP

GUANGZHOU, China, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it will release its unaudited financial results for third quarter 2021 after the close of the U.S. financial markets on November 23, 2021.

Fanhua to Announce Third Quarter 2021 Unaudited Financial Results and Host Conference Call on November 23, 2021

GUANGZHOU, China, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it has partnered with Greatwall Life Insurance Co., Ltd (“Greatwall Life”) to launch “Huacheng Guardian Number One”, a critical illness product custom-designed to meet people's evolving needs for comprehensive health protection. The product will be sold exclusively through Fanhua's online and offline channels starting from November 1, 2021.

Fanhua Launches Exclusive and Customized Critical Illness Insurance with Greatwall

Shares are heavily oversold on the long-term chart. Revenue, book value, earnings and cash flow are all on the rise.

Fanhua: Strong, Long-Term Potential

GUANGZHOU, China, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that the record date for its upcoming quarterly cash dividend for the second quarter of 2021 will be changed from the previously announced September 7, 2021 to September 13, 2021. The dividend amount of US$0.15 per ADS, or US$0.0075 per ordinary share, which is payable on or around September 23, 2021, remains unchanged. The dividends to be paid to the ADS holders through the depositary bank will be subject to the terms of the deposit agreement, including the fees and expenses payable thereunder.

Fanhua Announces Updated Record Date for its Upcoming Quarterly Dividend for the Second Quarter of 2021

GUANGZHOU, China, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it has partnered with Dingcheng Life Insurance Co., Ltd (“Dingcheng Life”) and Gen Re to launch “Huading Number One”, a customized whole-life insurance product that targets at mid-and-high net worth individuals.

Fanhua Launches Customized Whole-life Insurance with Dingcheng Life and Gen Re

Fanhua Inc. (FANH) CEO Chunlin Wang on Q2 2021 Results - Earnings Call Transcript

GUANGZHOU, China, Aug. 23, 2021 (GLOBE NEWSWIRE) -- The board of directors of Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that its Board of Directors (the “Board”) has declared a quarterly dividend of US$0.0075 per ordinary share, or US$0.15 per ADS for the second quarter of 2021. The dividend is payable on or around September 23, 2021 to shareholders of record on September 7, 2021.

Fanhua Announces Quarterly Cash Dividend of US$0.15 per ADS for the Second Quarter of 2021

GUANGZHOU, China, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc., (Nasdaq: FANH), (the “Company” or “Fanhua”), a leading independent financial services provider in China, today announced its unaudited financial results for the second quarter and first half ended June 30, 20211.

Fanhua Reports Second Quarter and First Half 2021 Unaudited Financial Results

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GUANGZHOU, China, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it will release its unaudited financial results for second quarter and first half 2021 after the close of the U.S. financial markets on August 23, 2021.

Fanhua to Announce Second Quarter and First Half 2021 Unaudited Financial Results and Host Conference Call on August 23, 2021

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Fanhua Inc. (FANH) CEO Chunlin Wang on Q1 2021 Results - Earnings Call Transcript

News for Fanhua Stock (FANH)