Fanhua to Announce Second Quarter and First Half 2021 Unaudited Financial Results and Host Conference Call on August 23, 2021
Fanhua Inc. (Nasdaq: FANH) will announce its unaudited financial results for the second quarter and first half of 2021 after U.S. market close on August 23, 2021. The conference call, led by CEO Chunlin Wang and CFO Peng Ge, will occur at 9:00 p.m. ET on the same day. Fanhua is an independent financial services provider in China, offering various financial products and services, including insurance, through multiple online platforms and a vast service network. The company emphasizes growth potential amid evolving industry dynamics.
- Expansion of distribution network with 771 sales and 113 service outlets across multiple provinces.
- Diverse online platforms enhance accessibility for insurance products.
- Risks associated with attracting and retaining key personnel and agents.
- Challenges in maintaining relationships with insurance companies.
GUANGZHOU, China, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it will release its unaudited financial results for second quarter and first half 2021 after the close of the U.S. financial markets on August 23, 2021.
Mr. Chunlin Wang, chairman & CEO and Mr. Peng Ge, CFO will host a conference call to discuss second quarter and first half 2021 financial results at:
Time: 9:00 p.m. Eastern Time on August 23, 2021
or 9:00 a.m. Beijing Time on August 24, 2021
The toll free dial-in numbers:
| United States | 1-866-519-4004 |
| United Kingdom | 0808-234-6646 |
| France | 0800-912-761 |
| Germany | 0800-182-0671 |
| Australia | 1-300-717-205 |
| Hong Kong, China | 800-906-601 |
| Japan | 0120-925-376 |
| South Korea | 080-850-0474 |
| The toll dial-in numbers: | |
| China (Mainland) | 400-620-8038 |
| Hong Kong, China & Other Areas | +852 30186771 |
Conference ID #: 9690739
Additionally, a live and archived web cast of this call will be available at: https://edge.media-server.com/mmc/p/ws5egp8d
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, including life and property and casualty 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) Baowang (www.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.
As of March 31, 2021 our distribution and service network are consisted of 771 sales outlets covering 23 provinces and 113 service outlets covering 31 provinces.
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.
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