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Fanhua Inc. (Nasdaq: AIFU) announced its transformation to AIX Inc. following shareholder approval at an extraordinary general meeting. The company is implementing key changes including: a new English name (AIX Inc.) and Chinese name, restructuring its share capital into Class A and Class B Ordinary Shares, and adopting amended articles of association. The authorized capital remains at US$10,000,000, divided into 8 billion Class A shares (1 vote per share) and 2 billion Class B shares (100 votes per share). The name change, effective November 1, 2024, reflects the company's strategic focus on becoming a leading technology-driven financial service platform.
Fanhua Inc. (Nasdaq: FANH), a leading independent technology-driven financial services provider in China, has announced a significant change. Effective October 23, 2024, the company's American Depository Shares will trade on Nasdaq under the new ticker symbol 'AIFU', replacing the current 'FANH'.
This change aligns with Fanhua's proposed rebranding, which includes changing its English name to 'AIX Inc.' and its Chinese name to '智能未来有限公司' (Smart Future ). These name changes are scheduled to take effect on November 1, 2024, subject to shareholder approval at the extraordinary general meeting on October 31, 2024.
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