Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
February 02 2024 - 7:00AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2024
Commission File Number: 001-33768
FANHUA INC.
60/F, Pearl River Tower
No.15 West Zhujiang Road
Tianhe District, Guangzhou 510623
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Fanhua Inc. |
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By: |
/s/ Yinan Hu |
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Name: |
Yinan Hu |
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Title: |
Chief Executive Officer |
Date: February 2, 2024
Exhibit Index
2
Exhibit 99.1
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IR-385 |
FANHUA Announces Changes to Board of Directors
GUANGZHOU, China, February 2, 2024 (GLOBE
NEWSWIRE) – FANHUA Inc. (“FANHUA” or the “Company”) (Nasdaq: FANH), a leading independent financial
services provider in China, today announced that Mr. Stephen Markscheid has tendered his resignation as an independent director of
the Company due to personal reasons, effective on February 1, 2024. Accordingly, Mr. Markscheid will cease to be a member of each of
the audit committee, the corporate governance and nominating committee and the compensation committee of the board of directors of
the Company (the “Board”).
Mr. Yinan Hu, co-chairman and chief executive officer of the Company
commented, “On behalf of the Board and the management, I would like to take this opportunity to extend our sincere gratitude to
Mr. Markscheid for his valuable contributions and support during the past 16 years, and wish him all the best in his future endeavors.”
About FANHUA
Established in 1998, FANHUA is a leading comprehensive
financial services provider in China, driven by digital technology and professional expertise, with a focus on delivering family asset
allocation services throughout the entire lifecycle for individual clients, while also providing a one-stop support platform for individual
agents and sales organizations.
As of September 30, 2023, the Company’s
offline sales service network spans 31 provinces in China, comprising 673 sales service outlets, 91,098 agents, and more than 2,215 claims
adjustors. Through proprietary technological tools such as “Lan Zhanggui”, “Fanhua Policy Custody System”, and
“RONS DOP”, the Company is dedicated to supporting agents in providing convenient services to clients through technological
means.
With an integrated online and offline approach,
the Company has provided services to more than 12 million individual clients. For the nine months ended September 30, 2023, FANHUA facilitated
RMB12.4 billion gross written premiums, with its net revenues reaching RMB2.6 billion, net income attributable to shareholders of RMB307.7
million and total assets of RMB4.0 billion.
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IR-385 |
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 contains 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 and their potential impact on the
sales of insurance products. Except as otherwise indicated, all information provided in this press release speaks 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, please contact:
FANHUA Inc.
Investor Relations
Tel: +86 (20) 8388-3191
Email: ir@fanhgroup.com
Source: FANHUA Inc.
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