Fanhua Files 2016 Annual Report on Form 20-F with the SEC
April 19 2017 - 5:00PM
Fanhua Inc. ( “Fanhua” or “the Company”) (Nasdaq:FANH), a leading
independent online-to-offline ("O2O") financial services provider
in China, today announced that it has filed its 2016 annual report
on Form 20-F, which contains its audited financial statements for
the fiscal year ended December 31, 2016, with the U.S. Securities
and Exchange Commission (the "SEC") on April 19, 2017. The 2016
20-F can be accessed on the SEC's website at http://www.sec.gov as
well as on the Investor Relations page of the Company's website at
http://ir.fanhuaholdings.com/sec.cfm. Hard copies of the annual
report are available, free of charge, to its shareholders upon
request.
About Fanhua
Inc.
Fanhua Inc., formerly known as 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) Baoxian.com, an online entry portal for
comparing and purchasing health, accident, travel and homeowner
insurance products; (2) CNpad App, a mobile sales support
application and (3) eHuzhu (www.ehuzhu.com), a non-profit online
mutual aid platform in China.
As of March 31, 2017, our distribution and service network
consisted of 31 insurance agencies, two insurance brokerages and
three claims adjusting firms, with 959 sales and service outlets
covering 29 provinces.
Forward-looking Statements
This 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 Fanhua and the
industry. Potential risks and uncertainties include, but are not
limited to, Fanhua’s ability to attract and retain key personnel
and productive 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 Fanhua
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
Fanhua 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 Fanhua is included in Fanhua's filings with
the U.S. Securities and Exchange Commission, including its annual
report on Form 20-F.
For more information about Fanhua Inc., please visit
http://ir.fanhuaholdings.com/.
CONTACT: Oasis Qiu
Investor Relations Manager
Tel: (8620) 83883191
Email: qiusr@fanhuaholdings.com
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