Fanhua Announces Quarterly Cash Dividend of US$0.25 per ADS for the First Quarter of 2020
May 26 2020 - 5:03PM
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$0.0125 per ordinary share,
or US$0.25 per ADS for the first quarter of 2020. The dividend is
payable on or around Jun 24, 2020 to shareholders of record on Jun
10, 2020.
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 for auto insurance;
(3) Baowang (www.baoxian.com), an online entry portal for comparing
and purchasing short term health, accident, travel and homeowner
insurance products and (4) eHuzhu (www.ehuzhu.com), a non-profit
online mutual aid platform in China.As of March 31, 2019, our
distribution and service network is consisted of 763 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, future development of COVID-19 outbreak 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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