Fanhua expands its share repurchase program and announces management share buyback program

Guangzhou, china, july 05, 2024 (globe newswire) -- fanhua inc. (nasdaq: fanh) (the “company” or “fanhua”), a leading independent technology-driven financial services provider in china, today announced that its board of directors (the “board”) has authorized the expansion of the company's share repurchase program by an additional us$20 million, bringing the total authorized amount of share repurchase to us$40 million. the share repurchase program was intended to enhance shareholder returns and signals the company's confidence in its long-term growth prospects.
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