GUANGZHOU, China, March 11, 2019 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a
leading independent financial services provider in China, today announced that its Board of Directors (the “Board”) has declared a
quarterly dividend of US$0.0125 per ordinary share, or US$0.25 per ADS for the fourth quarter of 2018. The dividend is payable on
or around April 3, 2019 to shareholders of record on March 21, 2019.
Mr. Chunlin Wang, Fanhua’s chairman and chief executive officer, stated, “The Board and management remain
optimistic about the growth prospects of the life insurance market in China and Fanhua. Therefore, we believe that the
Company’s stocks represent an attractive investment in the long run. We also believe that the Company’s solid cash position and
strong operating cash flow will enable the Company to continuously maximize shareholders’ value through cash dividends and share
repurchases while pursuing continued business growth opportunities.”
About Fanhua Inc.
Fanhua Inc. is a leading independent 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) Lan Zhanggui, an all-in-one platform which allows our agents to access and purchase a wide variety of
insurance products, including life insurance, auto insurance, accident insurance, travel insurance and standard health insurance
products from multiple insurance companies on their mobile devices; (2) CNpad, a mobile sales support application; (3) Baoxian.com,
an online entry portal for comparing and purchasing health, accident, travel and homeowner insurance products; and (4) eHuzhu
(www.ehuzhu.com), a non-profit online mutual aid platform in China.
As of December 31, 2018, our distribution and service network is consisted of 682 sales outlets covering 21
provinces and 115 service outlets covering 31 provinces.
For more information about Fanhua Inc., please visit http://ir.fanhuaholdings.com/.
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 Fanhua and
the industry. Potential risks and uncertainties include, but are not limited to, Fanhua’s ability to attract and retain key
personnel and productive 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 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.
CONTACT: Oasis Qiu Investor Relations Manager Tel: (8620) 83883191 Email: qiusr@fanhuaholdings.com
