Fanhua (FANH) Announces Receipt of Non-Binding Going Private Proposal

POTENTIAL DEAL DETAILS

Fanhua Inc. (FANH), a leading independent financial services provider in China, announced that its Board of Directors has received a preliminary non-binding proposal letter dated December 16, 2021, from a consortium led by Mr. Yinan Hu, founder and a director of the Company, to acquire all of the outstanding ordinary shares of the Company not already owned by the Consortium.

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