Huize Holding Limited American Depositary Shares - HUIZ STOCK NEWS

Huize Holding Limited (NASDAQ: HUIZ) will hold its annual general meeting on December 1, 2022, in Shenzhen, China, at 10:00 AM (Beijing time). No proposals will be submitted for shareholder approval, as the meeting will serve as a forum for discussions between shareholders and management. The record date for eligibility is set for November 2, 2022. The annual report, including audited financials for the year ended December 31, 2021, is available on the Company’s website and the SEC's website.

Huize Holding Limited (NASDAQ: HUIZ) has partnered with Guolian Life Insurance to launch the "Darwin Critical Care No. 7" insurance product. This new offering enhances coverage for severe and mild illnesses, including ICU hospitalization benefits. Key features include coverage for 110 critical illnesses, up to 8 claims, and additional benefits for severe malignant tumors. The Darwin series has provided over RMB90 billion in coverage since its 2018 launch, serving over 200,000 customers. Huize aims to leverage its data analytics and market expertise to meet growing insurance demands.

Huize Holding Limited (NASDAQ: HUIZ) received a notification from Nasdaq indicating that its American depositary shares (ADSs) have traded below the minimum bid price of $1.00 for 30 consecutive business days. The company is granted a 180-day compliance period until April 10, 2023, to regain compliance. If the price rises above $1.00 for ten consecutive days during this period, Nasdaq will confirm compliance. Should compliance not be met, Huize may be eligible for an additional 180 days and could consider a reverse stock split.

Huize Holding Limited (NASDAQ: HUIZ) reported strong second-quarter results for 2022, with Gross Written Premiums (GWP) increasing by 30.5% year-over-year to RMB 871.8 million. First-year premiums rose 59.9% to RMB 484.9 million, while operating revenue climbed 13.5% to RMB 248.2 million. Operating expenses decreased by 17.6%, leading to a reduced net loss of RMB 39.4 million. The company maintains its guidance for achieving profitability in the second half of 2022.

Huize Holding Limited (NASDAQ: HUIZ), a digital insurance platform in China, will release its second quarter 2022 unaudited financial results on September 23, 2022. The management team will host an earnings conference call at 8:00 A.M. ET the same day. Interested participants must register online to receive dial-in numbers and access PINs. Huize focuses on providing tailored insurance solutions, particularly for younger consumers, enhancing the client experience through digital services. Detailed information, including registration and access to the webcast, is available on their investor relations website.

Huize Holding Limited (NASDAQ: HUIZ) reported its Q1 2022 results, revealing a 4.0% decline in Gross Written Premiums (GWP) to RMB1,338.0 million, despite a 113.9% surge in renewal premiums to RMB1,077.8 million. Operating revenue dropped 59.3% to RMB299.5 million, attributed to a decrease in first year premiums. However, operating costs fell significantly by 59.7%, boosting net profit to RMB10.6 million. The company anticipates quarterly profitability in the latter half of 2022, supported by improved operational efficiency and strategic investments.

Huize Holding Limited (NASDAQ: HUIZ) announced plans to release its first quarter 2022 financial results before market open on June 24, 2022. The management team will host a conference call at 8:00 AM ET to discuss the results. Interested participants must register online to receive dial-in information. The call will be available for replay until June 30, 2022. Huize provides digital insurance services for younger consumers in China, focusing on life and health insurance products.

Huize Holding Limited (NASDAQ: HUIZ) announced its subsidiary, Huize Digitech, has achieved DCMM Stable Class Level-3 certification, a national standard in China for data management maturity. This certification, supported by the Ministry of Industry and Information Technology, aims to enhance data management capabilities for companies. CEO Cunjun Ma emphasized Huize's 16 years of technology investment in areas like big data and cloud computing, aiming to promote digitalization in the insurance industry and improve accessibility to insurance protection.

Huize Holding Limited (NASDAQ: HUIZ) announced a partnership with Ruihua Health Assurance to launch "Guardian Critical Care No.5," a comprehensive critical illness insurance product. This insurance covers 120 severe illnesses and allows multiple claims—up to 900% of the original sum assured. Optional benefits are also available for severe malignant tumors and critical illnesses occurring before age 60. The launch aims to meet the increasing demand for diverse insurance products among younger consumers in China, addressing a market gap following regulatory changes in 2021.