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25 items- PRFanhua Announces Change of Name to AIX Inc. and the Results of its Extraordinary General MeetingGUANGZHOU, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:AIFU) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced the results of its extraordinary general meeting of shareholders held in Guangzhou on October 31, 2024 at 9:00am Beijing Time. At the extraordinary general meeting, each of the following resolutions submitted for shareholder approval was adopted, and after the adoption of the proposed resolutions, all corporate authorizations and actions contemplated thereunder were approved: (i) THAT the Company's English name be changed from "Fanhua Inc." to "AIX Inc." and dual foreign (Chines
- SECSEC Form 6-K filed by Fanhua Inc.6-K - FANHUA INC. (0001413855) (Filer)
- PRFanhua Announces Change of Ticker Symbol From "FANH" to "AIFU"GUANGZHOU, China, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced the change of its ticker symbol from "FANH" to "AIFU". Effective on October 23, 2024, the Company's American Depository Shares will begin trading on Nasdaq under the new ticker symbol "AIFU". The change aligns with the Company's proposed change of Company's English name from "Fanhua Inc." to "AIX Inc." and Chinese name from "泛华控股集团"to"智能未来有限公司"with effect from November 1, 2024, pending approval by the Company's shareholders at the extraordinary general meeting scheduled on October 31, 2024.
- SECSEC Form 6-K filed by Fanhua Inc.6-K - FANHUA INC. (0001413855) (Filer)
- PRCORRECTION - Fanhua Announces Changes to the Board of Directors and Management TeamGUANGZHOU, China, Oct. 09, 2024 (GLOBE NEWSWIRE) -- The board of directors (the "Board") of Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today issued an updated press release to correct its press release disseminated on October 1, 2024 which announced changes to its board of directors and management team (the "Original Announcement"). The statement regarding the professional experience of the newly appointed chairperson of the Board in the Original Announcement is hereby replaced with and changed to "Since June 2023, Ms. Hang Suong Nguyen has served as the Vice President of WEALTH WILL LIMITED, overseei
- SECSEC Form 6-K filed by Fanhua Inc.6-K - FANHUA INC. (0001413855) (Filer)
- PRFanhua Announces Changes to the Board of Directors and Management TeamGUANGZHOU, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The board of directors (the "Board") of Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announces that Ms. Hang Suong Nguyen has been appointed as the new Chairperson of the Board, effective September 30, 2024.. Ms. Hang Suong Nguyen, Chairperson of the Board Ms. Nguyen has over 10 years of investment management experience. Since October 2019, she has been serving as Deputy Director of International Investment Strategy at Voyager Labs Limited, a global leader in advanced AI-based survey solutions, enabling global organizations to gain in-depth in
- SECSEC Form 6-K filed by Fanhua Inc.6-K - FANHUA INC. (0001413855) (Filer)
- PRFanhua to Hold Extraordinary General Meeting on October 31, 2024GUANGZHOU, China, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that it will hold an extraordinary general meeting (the "EGM") of shareholders at its executive office at 60/F, Pearl River Tower, No. 15 West Zhujiang Road, Guangzhou, Guangdong, People's Republic of China, at 9:00 a.m. on October 31, 2024, Beijing/Hong Kong Time. Holders of record of the Company's ordinary shares at the close of business on October 1, 2024, Eastern Time, or their proxy holders, are entitled to vote at the EGM or any adjournment or postponement thereof. Holders of reco
- SECSEC Form 6-K filed by Fanhua Inc.6-K - FANHUA INC. (0001413855) (Filer)
- PRFanhua Reports First Half 2024 Unaudited Financial ResultsGUANGZHOU, China, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent financial services provider in China, today announced its unaudited financial results for the first half ended June 30, 20241. Financial Highlights for the First Half of 2024: (In thousands, except per ADS data and percentages)2023H1 (RMB)2024H1 (RMB)2024H1(US$)Change %Total net revenues 1,960,377 1,123,178 154,555 (42.7)Operating income 146,387 54,910 7,557 (62.5)Loss from fair value change — (73,761) (10,150) — Net income attributable to shareholders 136,967 4,738 653 (96.5)Adjusted EBITDA2 178,221 77,665 10,687 (56.4)Diluted net income per ADS 2
- SECSEC Form 6-K filed by Fanhua Inc.6-K - FANHUA INC. (0001413855) (Filer)
- PRFanhua Announces Change to the Board of DirectorsGUANGZHOU, China, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announces that it has recently received a resignation letter from Mr. Peh Chin Hua, tendering his resignation from the Board as director and Chairman of the Board for personal reasons. The Board has accepted his resignation, effective immediately. The Board hereby wishes Mr. Peh all the best in his future endeavors. About Fanhua Established in Guangzhou in 1998 and listed on NASDAQ in 2007 (NASDAQ:FANH), Fanhua is a leading independent financial services provider in China with strong technology capa
- PRFanhua BluePlus Forming Strategic Partnerships with Shanghai Biotecan PharmaceuticalsGUANGZHOU, China, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "FANHUA"), a leading independent technology-driven financial services provider in China, today announced that it, through its wholly-owned subsidiary Fanhua BluePlus Health Management Co., Ltd. ("Fanhua BluePlus") has recently signed a strategic cooperation agreement with Shanghai Biotecan Pharmaceuticals Co. Ltd. ("Biotecan"). Pursuant to the strategic cooperation agreement, Fanhua BluePlus and Biotecan will leverage their respective resources and service strengths to collaborate on cutting-edge medical testing, health management, cell therapy, and other modern high-end medical and health man
- SECSEC Form 6-K filed by Fanhua Inc.6-K - FANHUA INC. (0001413855) (Filer)
- PRFanhua to Announce 2024 First Half Unaudited Financial Results on September 18, 2024GUANGZHOU, China, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that the Company expects to release its unaudited financial results for the first half of 2024 on September 18, 2024. The Company expects its adjusted EBITDA for the first half of 2024 to be in the range of RMB70 million to RMB80 million. About Fanhua Established in Guangzhou in 1998 and listed on NASDAQ in 2007 (NASDAQ:FANH), Fanhua is a leading independent financial services provider in China with strong technology capabilities and a commitment to empowering financial advisors and fosteri
- SECSEC Form 6-K filed by Fanhua Inc.6-K - FANHUA INC. (0001413855) (Filer)
- PRFanhua Announces Completion of Share Option Cash Exercises by Key EmployeesGUANGZHOU, China, July 23, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that all share options previously granted to its key employees by the Board of Directors (the "Board") have recently been fully exercised through cash payment at an exercise price of US$1.92 per American Depository Share ("ADS"), representing a premium of approximately 21.4% from the Company's closing price on the last trading day prior to the cash exercise. This move not only highlights its key employees' strong confidence in the Company's future development but also demonstrates their commi
- NEWSFanhua Seeks Support In Share Buyback As Global Expansion StallsKey Takeaways: Fanhua’s board has doubled the size of a previous share repurchase program, while its top executives have also pledged to buy more of the company’s plunging shares The moves come as a plan to expand into new businesses with a Singaporean investor appears to have stalled By Warren Yang A decline in a company’s stock can have business implications beyond simply eroding shareholder value. One such case is online insurance broker Fanhua Inc. (NASDAQ:FANH), whose recently freefalling stock and market value seem to be throwing a spanner into a major tie-up with a Singaporean investor. That said, it’s no wonder the company is doubling down on efforts to stop the recent hemorrh
- SECSEC Form 6-K filed by Fanhua Inc.6-K - FANHUA INC. (0001413855) (Filer)
- PRFanhua Ranks 19th Among Best's Review's "Top 20 Global Brokers - 2024 Edition"GUANGZHOU, China, July 09, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that it has been once again ranked among the Top 20 Global Insurance Brokers, according to the July 2024 edition of Best's Review. With total revenues of $450.5 million in 2023, Fanhua secured the 19th position. This prestigious list is published by A.M. Best, a globally renowned insurance rating agency, based on total revenues in the previous year. Fanhua has been on this list 13 times and remains the only company from the Asia region to make the list this year. In 2023, the Company contin
- PRFanhua, Subsidiary of Highest Performances Holdings Inc., Announces Grant of Share Options to Key EmployeesGUANGZHOU, China, July 8, 2024 /PRNewswire/ -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the "Board") has recently approved the grant of share options to certain of its key employees. This move is part of the Company's strategy to incentivize key talent and align their interests with the long term success of the Company. In accordance with the Company's 2022 Share Inventive Plan, on July 2, 2024 the Board authorized the issuance of share options to purchase up to 6,900,000 American Depository Shares ("ADS") to 15 management team members of the Company's maj
- NEWSFanhua Authorizes Expansion Of Its Repurchase Program By Additional $20MTotaling $40M
- PRFanhua, subsidiary of Highest Performances Holdings Inc., Expands its Share Repurchase Program and Announces Management Share Buyback ProgramGUANGZHOU, China, July 8, 2024 /PRNewswire/ -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the "Board") has authorized the expansion of the Company's share repurchase program by an additional US$20 million, bringing the total authorized amount of share repurchase to US$40 million. The share repurchase program was intended to enhance shareholder returns and signals the Company's confidence in its long-term growth prospects. As of June 30, 2024, approximately 726,616 American Depository Shares had been repurchased at an aggregate purchase price of approximately
- PRFanhua Announces Grant of Share Options to Key EmployeesGUANGZHOU, China, July 08, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the "Board") has recently approved the grant of share options to certain of its key employees. This move is part of the Company's strategy to incentivize key talent and align their interests with the long term success of the Company. In accordance with the Company's 2022 Share Inventive Plan, on July 2, 2024 the Board authorized the issuance of share options to purchase up to 6,900,000 American Depository Shares ("ADS") to 15 management team members of the Compan