Fanhua to Announce Second Quarter and First Half 2020 Unaudited Financial Results and Host Conference Call on Aug 24, 2020
August 10 2020 - 6:00AM
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 second
quarter and first half 2020 after the close of the U.S. financial
markets on Aug 24, 2020 Eastern Time.
Mr. Chunlin Wang, chairman & CEO and Mr.
Peng Ge, CFO will host a conference call to discuss the second
quarter and first half 2020 financial results at:
Time: 9:00 p.m. Eastern Time on Aug 24, 2020
or 9:00 a.m. Beijing/Hong Kong Time on
Aug 25, 2020
Conference ID #: 2618618
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/2618618
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/oy68sqcs
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) Baowang (www.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.As of March 31, 2020, our distribution
and service network are consisted of 763 sales outlets covering 21
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, those relating to 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, 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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