Fanhua to Announce Third Quarter 2022 Unaudited Financial Results and Host Conference Call on November 21, 2022
Fanhua Inc. (Nasdaq: FANH) will announce its third quarter 2022 unaudited financial results on November 21, 2022, after U.S. markets close. A conference call hosted by Chairman & CEO Mr. Hu Yinan and CFO Mr. Peng Ge will follow at 8:00 p.m. ET. Investors can preregister online for the call, with details available afterwards. Fanhua is a key financial services provider in China, offering insurance products through various online platforms and a vast service network.
- Strong market presence with 712 sales outlets across 23 provinces.
- Diverse online platforms for insurance product access.
- Potential risks regarding competition and regulatory changes in the Chinese insurance industry.
- Future sales of insurance products may be impacted by COVID-19 and macroeconomic conditions.
GUANGZHOU, China, Nov. 14, 2022 (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 the third quarter 2022 after the close of the U.S. financial markets on November 21, 2022 Eastern Time.
Mr. Hu Yinan, chairman & CEO and Mr. Peng Ge, CFO will host a conference call to discuss the third quarter 2022 financial results at:
Time: 8:00 p.m. Eastern Time on November 21, 2022
or 9:00 a.m. Beijing/Hong Kong Time on November 22, 2022
Please pre-register online in advance to join the conference call by navigating to the link provided below and dial in 10 minutes before the call is scheduled to begin. Conference call details will be provided upon registration.
Conference Call Preregistration: https://register.vevent.com/register/BI1b627f239d87469890614c8be638bfd4
Additionally, a live and archived webcast of the conference call will be available at Fanhua’s investor relations website: https://edge.media-server.com/mmc/p/5mcc7ydk
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 short term health, accident, travel and homeowner insurance products; and (3) eHuzhu (www.ehuzhu.com), a non-profit online mutual aid platform in China.
As of June 30, 2022, our distribution and service network consisted of 712 sales outlets covering 23 provinces, autonomous regions and centrally-administered municipalities and 104 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, 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, future development of COVID-19 outbreak 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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