GUANGZHOU, China, Nov. 02, 2016 (GLOBE NEWSWIRE) -- CNinsure Inc. (Nasdaq:CISG) (the "Company" or "CNinsure"), a
leading independent online-to-offline financial services provider operating in China, today announced that it will hold an
extraordinary general meeting (“EGM”) of shareholders at its executive office at 27/F, Pearl River Tower, No. 15 West Zhujiang
Road, Guangzhou, Guangdong, People’s Republic of China, at 9:00a.m. on December 6, 2016, local time. Holders of record of ordinary
shares of the Company at the close of business on November 4, 2016, U.S. Eastern Time, or their proxy holders, are entitled to vote
at the EGM or any adjournment or postponement thereof. Holders of the Company’s American depositary shares (“ADSs”) who wish to
exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program,
JPMorgan Chase Bank, N.A.
At the EGM, the Company proposes to (i) change its name from "CNinsure Inc." to "Fanhua Inc." and (ii) amend its
memorandum and articles of association to reflect the name change. After the name change, the Company also intends to change its
ticker symbol from "CISG" to "FANH". These changes are intended to reflect the Company’s current business direction as it is
committed to becoming a leading diversified financial services provider, and to expanding its business scope beyond insurance
distribution and services to offer comprehensive financial products and services to its clients.
The notice of the EGM and voting instruction card for ADS holders are available on the Investor Relations
section of the Company's website at http://ir.cninsure.net/.
About CNinsure Inc.
CNinsure Inc. is a leading independent online-to-offline financial services provider. Through our online platforms and offline
sales and service network, we offer a wide variety of financial products and services to individuals and businesses, including
property and casualty and life insurance products. We also provide insurance claims adjusting services, such as damage assessments,
surveys, authentications and loss estimations, as well as value-added services, such as emergency vehicle roadside assistance. Our
online platforms include (1) CNpad, a mobile sales support application, (2) Baoxian.com, an online entry portal for comparing
and purchasing health, accident, travel and homeowner insurance products, and (3) eHuzhu (www.ehuzhu.com), a non-profit online mutual aid platform in China.
Our extensive distribution and service network covers 29 provinces in China, including most economically
developed regions and cities.
Forward-looking Statements
This press release contains statements of a forward-looking nature. These statements, including the statements 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. You can identify these forward-looking statements by terminology such as "will," "expects,"
"believes," "anticipates," "intends," "estimates" and similar statements. Among other things, management's quotations and the
Business Outlook section contain forward-looking statements. These forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions, estimates and projections about CNinsure and the industry.
Potential risks and uncertainties include, but are not limited to, those relating to CNinsure's limited operating history,
especially its limited experience in selling life insurance products, 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 and macroeconomic conditions in China and their potential impact on the sales of insurance
products. All information provided in this press release is as of the date hereof, and CNinsure 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 CNinsure 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 CNinsure is
included in CNinsure's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.
For more information about CNinsure Inc., please visit http://ir.cninsure.net/.
Contact: Oasis Qiu Investor Relations Manager Tel: +86 (20) 8388-3191 Email: qiusr@cninsure.net
