AIX Inc. (AIX) (NASDAQ: AIFU), a leading Chinese technology-driven financial services firm, announced the successful completion of a strategic share exchange with BGM Group Ltd. (BGM) (NASDAQ: BGM). This marks a key step in AIX’s transformation within AI-powered insurance and healthcare, laying the groundwork for future diversified growth.

AIX transferred its intelligent insurance platform, including RONS Intelligent Technology (Beijing) Co., Ltd. (“RONS Technology”), to BGM in exchange for 69,995,661 Class A ordinary shares of BGM. BGM now assumes full control of the platform, intending to leverage its global healthcare expertise to drive platform development and innovation.

Key Transaction Highlights:

Growth Potential: The AI-powered insurance platform, Du Xiaobao, presents substantial market potential. Its big data-driven personalized insurance solutions are expected to fuel strong growth for BGM. AIX, retaining a significant BGM equity stake, will benefit from the platform’s growth and expansion.

Synergistic Partnership: The collaboration with BGM, a pharmaceutical industry leader, expands AIX’s reach in AI insurance and healthcare. This synergy facilitates the integration of AI, insurance, and healthcare solutions, positioning both companies for long-term industry leadership.

AI and Healthcare Strategy: Addressing rising global healthcare demands, particularly from aging populations, AIX utilizes AI to offer customized insurance and healthcare solutions. Its BGM partnership solidifies its position at the forefront of the growing AI, insurance, and healthcare convergence. This integrated approach is anticipated to drive future innovation and value creation.

Enhanced Valuation and Strategic Advancement: AIX’s BGM equity stake and expansion into healthcare are expected to benefit from platform growth and rising demand for AI-driven solutions, potentially leading to revaluation.

AIX Vice Chairman and CEO, Mr. Yinan Hu, stated: “This transaction significantly advances our strategy to lead the AI-driven transformation of insurance and healthcare. Our BGM partnership unlocks new growth opportunities and strengthens our position in both AI and healthcare. We anticipate continued innovation and value delivery for stakeholders.”

BGM CEO, Mr. Xin Chen, commented: “This acquisition accelerates our application of AI in insurance and healthcare. The increasing demand for AI and big data-driven healthcare solutions positions us well to capitalize on significant market opportunities. We are enthusiastic about the future and collaborative growth with AIX.”

The evolving global healthcare landscape positions the AIX-BGM partnership to lead in AI-driven insurance and healthcare solutions. Combining their strengths, the companies aim to unlock new growth, create shareholder value, and drive digital transformation within their respective industries.

About AIX Inc.
Founded in 1998, AIX is a leading intelligent technology-driven independent financial services provider in China. It offers insurance protection, wealth management, and value-added services to 400 million middle-class families, and provides technical support and comprehensive solutions to independent financial advisors and various insurance/financial sales organizations. AIX’s AI-driven insights and digital tools have established it as an intelligent transformation leader in financial services.

Forward-looking Statements
This press release contains forward-looking statements. These statements, including those regarding future financial and operating results, are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include words such as “will”, “expects”, “believes”, “anticipates”, “intends”, “estimates”, and similar expressions. These statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about AIX Inc. and the industry. Potential risks include, but are not limited to, attracting and retaining agents, maintaining business relationships with insurance companies, executing its growth strategy, adapting to regulatory changes in China, effective competition, and macroeconomic conditions in China. All information provided is current as of today’s date, and AIX Inc. assumes no obligation to update forward-looking statements, except as required by law. While AIX Inc. believes these statements are reasonable, actual results may differ materially. Further information on risks and uncertainties is included in AIX Inc.’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.

CONTACT: For more information, please contact:
AIX Inc. 
Investor Relations
Tel: +86 (20) 8388-3191
Email: ir@aifugroup.com