Fanhua announces withdrawal of non-binding going private proposal

Guangzhou, china, dec. 23, 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 received a notice dated december 19, 2022 from mr. yinan hu, founder, chairman and chief executive officer of fanhua, stating that he has determined to withdraw the preliminary non-binding going private proposal dated december 16, 2021, effective immediately.
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