Fanhua to Announce First Quarter 2020 Unaudited Financial Results and Host Conference Call on May 26, 2020
May 11 2020 - 5:58AM
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 the first
quarter 2020 after the close of the U.S. financial markets on May
26, 2020 Eastern Time.
Mr. Chunlin Wang, chairman & CEO and Mr.
Peng Ge, CFO will host a conference call to discuss the first
quarter 2020 financial results at:
Time: 9:00 p.m. Eastern Time on May 26, 2020
or 9:00 a.m. Beijing/Hong Kong Time
on May 27, 2020
Conference ID #:2348224
Due to the outbreak of COVID-19, operator
assisted conference calls are not available at the moment. Please
preregister online in advance to join the conference call by
navigating to the link provided below and dial-in 10 minutes before
the call is scheduled to begin. Conference call details will be
provided upon registration.
Conference Call Preregistration:
http://apac.directeventreg.com/registration/event/2348224
Additionally, a live and archived webcast of the conference call
will be available at Fanhua’s investor relations website:
https://edge.media-server.com/mmc/p/25m7duce
About Fanhua Inc.
Fanhua Inc. is a leading independent 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, including life and property and
casualty 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) Lan Zhanggui,
an all-in-one platform which allows our agents to access and
purchase a wide variety of insurance products, including life
insurance, auto insurance, accident insurance, travel insurance and
standard health insurance products from multiple insurance
companies on their mobile devices; (2) CNpad, a mobile sales
support application; (3) Baowang (www.baoxian.com), an online entry
portal for comparing and purchasing health, accident, travel and
homeowner insurance products and (4) eHuzhu (www.ehuzhu.com), a
non-profit online mutual aid platform in China.
As of December 31, 2019, our distribution and
service network is consisted of 758 sales outlets covering 22
provinces and 159 service outlets covering 31 provinces.
For more information about Fanhua Inc., please
visit http://ir.fanhuaholdings.com/.
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.
CONTACT: Investor Relations
Tel: (8620) 83883191
Email: qiusr@fanhuaholdings.com
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