Fanhua announces us$20 million share buyback program

Guangzhou, china, dec. 19, 2022 (globe newswire) -- fanhua inc. (“fanhua” or the “company”) (nasdaq: fanh), a leading independent financial services provider in china, today announced that its board of directors has approved a corporate share repurchase program under which the company may repurchase up to us$20 million of its american depositary shares (“adss”) from time to time, in such manners as management deems appropriate. the repurchased shares will be used to fund the company's future acquisitions in relations to the expansion of its open platform.
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