FANHUA Files Annual Report on Form 20-F on April 29, 2024 and Announces Adoption of Semi-annual Financial Results Reporting Schedule

GUANGZHOU, China, April 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 has filed its 2023 annual report on Form 20-F (the “2023 20-F”), which contains its audited financial statements for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (the “SEC”) on April 29, 2024. The 2023 20-F can be accessed on the SEC's website at http://www.sec.gov as well as on the Investor Relations page of the Company’s website at http://ir.fanhgroup.com/financial-information/sec-filings. Hard copies of the annual report are available, free of charge, to its shareholders upon request.

Additionally, the board of directors of the Company (the “Board”) has approved the adoption of a semi-annual financial results reporting schedule. Going forward, the Company will report its financial results semi-annually and annually instead of on a quarterly basis. The Company expects its next financial results announcement for the first half of 2024 to be made in the third quarter of 2024.

The Board believes that the change of reporting schedule will allow management to focus on implementing and assessing the effectiveness of the Company’s long-term strategies, reinforcing the Company’s commitment to delivering sustainable value to shareholders, while maintaining transparency and compliance with relevant regulatory requirements.

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 fostering sustained value creation for customers.

Our mission revolves around creating an inclusive and collaborative platform for independent financial advisors, as well as various insurance/financial sales organizations, enabling our partners to optimize their practices by offering them end-to-end business solutions spanning compliance, technology, products, services, operations, capital flow, and professional training. Leveraging advanced technology, artificial intelligence, and data-driven insights, Fanhua is at the forefront of revolutionizing financial services delivery, accelerating digital transformation, and driving industry growth.