Fanhua Announces Change to the Board of Directors
Fanhua Inc. (Nasdaq: FANH), a leading independent technology-driven financial services provider in China, has announced a significant change to its Board of Directors. Mr. Peh Chin Hua has resigned from his positions as director and Chairman of the Board, citing personal reasons. The Board has accepted his resignation, which is effective immediately.
This unexpected departure marks a notable shift in Fanhua's leadership structure. As a key figure in the company's governance, Mr. Peh's exit may have implications for the company's strategic direction and operations. The Board's statement wishing Mr. Peh well in his future endeavors suggests an amicable separation, but leaves open questions about succession plans and the potential impact on Fanhua's business strategy moving forward.
Fanhua Inc. (Nasdaq: FANH), un fornitore indipendente di servizi finanziari basato sulla tecnologia in Cina, ha annunciato un cambiamento significativo nel suo Consiglio di Amministrazione. Il Sig. Peh Chin Hua ha rassegnato le sue dimissioni da direttore e Presidente del Consiglio, citando motivi personali. Il Consiglio ha accettato le sue dimissioni, che sono efficaci immediatamente.
Questa partenza inaspettata segna un cambiamento notevole nella struttura di leadership di Fanhua. In quanto figura chiave nella governance dell'azienda, l'uscita del Sig. Peh potrebbe avere ripercussioni sulla direzione strategica e sulle operazioni dell'azienda. La dichiarazione del Consiglio che augura al Sig. Peh ogni bene per le sue future iniziative suggerisce una separazione amichevole, ma solleva domande sui piani di successione e sul potenziale impatto sulla strategia aziendale di Fanhua in avanti.
Fanhua Inc. (Nasdaq: FANH), un proveedor de servicios financieros independiente impulsado por la tecnología en China, ha anunciado un cambio significativo en su Junta Directiva. El Sr. Peh Chin Hua ha renunciado a sus cargos como director y Presidente de la Junta, citando razones personales. La Junta ha aceptado su renuncia, que es efectiva de inmediato.
Esta partida inesperada marca un cambio notable en la estructura de liderazgo de Fanhua. Como figura clave en la gobernanza de la empresa, la salida del Sr. Peh podría tener implicaciones para la dirección estratégica y las operaciones de la empresa. La declaración de la Junta deseando al Sr. Peh lo mejor en sus futuros proyectos sugiere una separación amistosa, pero deja preguntas abiertas sobre los planes de sucesión y el impacto potencial en la estrategia empresarial de Fanhua en el futuro.
Fanhua Inc. (Nasdaq: FANH), 중국의 선도적인 기술 기반 금융 서비스 제공업체는 이사회의 중요한 변화를 발표했습니다. 펭 친화씨가 개인적인 이유로 이사 및 회장직에서 사임했습니다. 이사회는 그의 사임을 받아들였으며, 이는 즉시 효력이 발생합니다.
이 예상치 못한 퇴사는 Fanhua의 리더십 구조에 중대한 변화를 의미합니다. 회사의 거버넌스에서 중요한 인물인 펭 씨의 퇴가는 회사의 전략적 방향과 운영에 영향을 미칠 수 있습니다. 펭 씨의 향후 일에 대한 이사회의 축하 메시지는 원만한 이별을 시사하지만, 후계 계획과 앞으로 Fanhua의 비즈니스 전략에 대한 잠재적 영향에 대한 질문을 남깁니다.
Fanhua Inc. (Nasdaq: FANH), un fournisseur de services financiers indépendant axé sur la technologie en Chine, a annoncé un changement significatif au sein de son Conseil d'Administration. M. Peh Chin Hua a démissionné de ses fonctions de directeur et de Président du Conseil, invoquant des raisons personnelles. Le Conseil a accepté sa démission, qui est effective immédiatement.
Ce départ inattendu marque un changement notable dans la structure de leadership de Fanhua. En tant que figure clé de la gouvernance de l'entreprise, le départ de M. Peh pourrait avoir des implications sur la direction stratégique et les opérations de l'entreprise. La déclaration du Conseil souhaitant à M. Peh beaucoup de succès dans ses futures entreprises suggère une séparation amicale, mais soulève des questions sur les plans de succession et l'impact potentiel sur la stratégie commerciale de Fanhua à l'avenir.
Fanhua Inc. (Nasdaq: FANH), ein führender unabhängiger technologiegetriebener Finanzdienstleister in China, hat eine bedeutende Änderung im Vorstand bekannt gegeben. Herr Peh Chin Hua hat aus persönlichen Gründen von seinen Positionen als Direktor und Vorsitzender des Vorstands zurückgetreten. Der Vorstand hat seine Rücktrittserklärung akzeptiert, die sofort wirksam ist.
Dieser unerwartete Abgang stellt einen bemerkenswerten Wechsel in der Führungsstruktur von Fanhua dar. Als Schlüsselperson in der Unternehmensführung könnte der Austritt von Herrn Peh Auswirkungen auf die strategische Ausrichtung und den Betrieb des Unternehmens haben. Die Erklärung des Vorstands, in der er Herrn Peh viel Erfolg für seine zukünftigen Vorhaben wünscht, deutet auf eine einvernehmliche Trennung hin, lässt jedoch Fragen zu Nachfolgeplänen und potenziellen Auswirkungen auf die Unternehmensstrategie von Fanhua offen.
- None.
- Unexpected departure of Board Chairman
- Potential leadership gap in top governance
- Possible disruption to company's strategic direction
GUANGZHOU, China, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (Nasdaq: FANH) (the “Company” or “Fanhua”), a leading independent technology-driven financial services provider in China, today announces that it has recently received a resignation letter from Mr. Peh Chin Hua, tendering his resignation from the Board as director and Chairman of the Board for personal reasons. The Board has accepted his resignation, effective immediately. The Board hereby wishes Mr. Peh all the best in his future endeavors.
About Fanhua
Established in Guangzhou in 1998 and listed on NASDAQ in 2007 (Nasdaq: FANH), Fanhua is a leading independent financial services provider in China with strong technology capabilities and a commitment to empowering financial advisors and fostering sustained value creation for customers.
Our mission revolves around creating an inclusive and collaborative platform for independent financial advisors, as well as various insurance/financial sales organizations, enabling our partners to optimize their practices by offering them end-to-end business solutions spanning compliance, technology, products, services, operations, capital flow, and professional training.
Leveraging advanced technology, artificial intelligence, and data-driven insights, Fanhua is at the forefront of revolutionizing financial services delivery, accelerating digital transformation, and driving industry growth.
With a comprehensive approach to financial services, we connect millions of Chinese families with various financial institutions and service providers, offering a diverse range of opportunities and personalized solutions for insurance protection, retirement planning, health management, asset management, and family governance services, covering the full lifecycle of our customers’ needs.
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 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, 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 and macroeconomic conditions in China and their potential impact on the sales of insurance products. 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
Source: Fanhua Inc.
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