GUANGZHOU, China, Sept. 30, 2024 — Fanhua Inc. (Nasdaq: FANH) (the “Company” or “Fanhua”), a leading independent technology-driven financial services provider in China, announced today that it will hold an extraordinary general meeting (the “EGM”) of shareholders. The meeting will be held at the company’s executive office located 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.

Shareholders of record as of the close of business on October 1, 2024, Eastern Time, or their designated proxies, are eligible to participate in the EGM, including any subsequent adjournments or postponements. Holders of record of the Company’s American depositary shares (the “ADSs”) at the close of business on October 1, 2024, Eastern Time, who wish to exercise their voting rights for the underlying ordinary shares must do so through the depositary of the Company’s ADS program, JPMorgan Chase Bank, N.A.

The notice of the EGM, proxy form for the EGM, and voting instruction card for ADS holders can be found in the Investor Relations section of the Company’s website at 

Fanhua has submitted its annual report on Form 20-F, including its audited financial statements, for the fiscal year ending December 31, 2023, to the U.S. Securities and Exchange Commission. The report is accessible on the Company’s website at http://ir.fanhgroup.com/, as well as on the SEC’s website at

About Fanhua Inc.

Driven by its digital technologies and professional expertise in the insurance industry, Fanhua Inc. is the leading independent financial service provider in China. The company focuses on providing insurance-oriented family asset allocation services that encompass customers’ full lifecycle and a one-stop service platform for individual sales agents and independent insurance intermediaries.

With a strategic focus on long-term life insurance products, we offer a comprehensive range of insurance products, claims adjusting services and various value-added services to cater to diverse customer needs. We achieve this through an extensive network of digitally empowered sales agents and professional claims adjustors. We also operate Baowang (www.baoxian.com), an online insurance platform that offers customers a one-stop insurance shopping experience.

For further information about Fanhua Inc., please visit https://ir.fanhgroup.com

Forward-looking Statements

This press release contains statements of a forward-looking nature. These statements, including those 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. Such forward-looking statements can be identified by terminology such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates” and similar expressions. These forward-looking statements involve both 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 including macroeconomic conditions in China. 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