CNinsure Inc. to Hold Extraordinary General Meeting on December 6, 2016
November 02 2016 - 7:30AM
CNinsure Inc. (Nasdaq:CISG) (the "Company" or "CNinsure"), a
leading independent online-to-offline financial services provider
operating in China, today announced that it will hold an
extraordinary general meeting (“EGM”) of shareholders at its
executive office at 27/F, Pearl River Tower, No. 15 West Zhujiang
Road, Guangzhou, Guangdong, People’s Republic of China, at 9:00a.m.
on December 6, 2016, local time. Holders of record of ordinary
shares of the Company at the close of business on November 4, 2016,
U.S. Eastern Time, or their proxy holders, are entitled to vote at
the EGM or any adjournment or postponement thereof. Holders of the
Company’s American depositary shares (“ADSs”) who wish to exercise
their voting rights for the underlying ordinary shares must act
through the depositary of the Company’s ADS program, JPMorgan Chase
Bank, N.A.
At the EGM, the Company proposes to (i) change
its name from "CNinsure Inc." to "Fanhua Inc." and (ii) amend its
memorandum and articles of association to reflect the name change.
After the name change, the Company also intends to change its
ticker symbol from "CISG" to "FANH". These changes are intended to
reflect the Company’s current business direction as it is committed
to becoming a leading diversified financial services provider, and
to expanding its business scope beyond insurance distribution and
services to offer comprehensive financial products and services to
its clients.
The notice of the EGM and voting instruction
card for ADS holders are available on the Investor Relations
section of the Company's website at http://ir.cninsure.net/.
About CNinsure Inc.CNinsure Inc.
is a leading independent online-to-offline financial services
provider. Through our online platforms and offline sales and
service network, we offer a wide variety of financial products and
services to individuals and businesses, including property and
casualty and life insurance products. We also provide insurance
claims adjusting services, such as damage assessments, surveys,
authentications and loss estimations, as well as value-added
services, such as emergency vehicle roadside assistance. Our online
platforms include (1) CNpad, a mobile sales support
application, (2) Baoxian.com, an online entry portal for comparing
and purchasing health, accident, travel and homeowner insurance
products, and (3) eHuzhu (www.ehuzhu.com), a non-profit online
mutual aid platform in China.
Our extensive distribution and service network
covers 29 provinces in China, including most economically developed
regions and cities.
Forward-looking StatementsThis
press release contains statements of a forward-looking nature.
These statements, including the statements relating to 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. Among other things, management's quotations and
the Business Outlook section 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 CNinsure and the
industry. Potential risks and uncertainties include, but are not
limited to, those relating to CNinsure's limited operating history,
especially its limited experience in selling life insurance
products, its ability to attract and retain productive agents,
especially entrepreneurial agents, its ability to maintain existing
and develop new business relationships with insurance companies,
its ability to execute its growth strategy, its ability to adapt to
the evolving regulatory environment in the Chinese insurance
industry, its ability to compete effectively against its
competitors, quarterly variations in its operating results caused
by factors beyond its control and macroeconomic conditions in China
and their potential impact on the sales of insurance products. All
information provided in this press release is as of the date
hereof, and CNinsure undertakes no obligation to update any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although CNinsure believes that the expectations
expressed in these forward-looking statements are reasonable, it
cannot assure you that its expectations will turn out to be
correct, and investors are cautioned that actual results may differ
materially from the anticipated results. Further information
regarding risks and uncertainties faced by CNinsure is included in
CNinsure's filings with the U.S. Securities and Exchange
Commission, including its annual report on Form 20-F.
For more information about CNinsure Inc., please
visit http://ir.cninsure.net/.
Contact: Oasis Qiu
Investor Relations Manager
Tel: +86 (20) 8388-3191
Email: qiusr@cninsure.net
Fanhua (NASDAQ:FANH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Fanhua (NASDAQ:FANH)
Historical Stock Chart
From Jul 2023 to Jul 2024