SHENZHEN, China, Nov. 19, 2024 — Huize Holding Limited (Huize) (NASDAQ: HUIZ), a leading Asian insurance technology platform using data-driven and AI solutions to connect consumers, insurers, and distributors, announced a change to its American depositary share (ADS) to Class A ordinary share ratio. The ratio will shift from 1 ADS to 20 Class A ordinary shares to 1 ADS to 100 Class A ordinary shares.

For ADS holders, this is equivalent to a 1-for-5 reverse ADS split. An amended ADS Registration Statement (Form F-6) will be filed with the SEC. The new ratio is expected to take effect around December 9, 2024 (U.S. Eastern Time), contingent on the SEC’s approval of the amended Form F-6.

ADS holders of record when the change is effective must exchange 5 existing ADSs for 1 new ADS. Those ADSs held by The Depository Trust Company and the Direct Registration System will be exchanged automatically; no action is needed. Citibank N.A., the depositary bank, will handle the exchange. Trading of Huize’s ADSs will continue on the Nasdaq Global Market under “HUIZ”.

Fractional ADSs will not be issued; instead, the depositary bank will aggregate and sell them, distributing net proceeds (after fees and expenses) to the relevant holders. This change affects only ADSs; the underlying Class A ordinary shares remain unaffected.

About Huize Holding Limited

Huize Holding Limited is a premier Asian insurance technology platform digitally connecting consumers, insurers, and distribution partners using data-driven and AI-powered solutions. Focused on mass affluent consumers, Huize provides lifelong insurance solutions. Its online-to-offline ecosystem encompasses the entire insurance lifecycle, offering diverse products, comprehensive services, and streamlined transactions. Huize leverages AI, data analytics, and digital tools to enhance the insurance service chain with technology-enabled solutions for consultation, engagement, marketing, risk management, and claims processing.

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Safe Harbor Statement

This announcement contains forward-looking statements under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Non-historical statements, including beliefs and expectations, are forward-looking. These statements, often including terms like “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and “confident,” may include business outlook and management quotes. Huize may also make forward-looking statements in SEC filings, annual reports, press releases, other written materials, and oral statements by officers, directors, or employees. Forward-looking statements involve inherent risks and uncertainties. Factors that could cause actual results to differ materially include Huize’s goals, strategies, expansion plans, business development, financial condition, results of operations, market acceptance of its products, relationships with partners and clients, general economic conditions, and related assumptions.

Further details on these and other risks are in Huize’s SEC filings. All information is current as of this release; Huize disclaims any obligation to update forward-looking statements, except as legally required.

For investor and media inquiries, please contact:

Investor Relations
Kenny Lo
Investor Relations Manager

Media Relations

Christensen
In China
Ms. Dee Wang
Phone: +86-10-5900-1548
Email: 

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: