Fanhua announces share exchange transaction between certain shareholders and puyi inc.

Guangzhou, china, dec. 27, 2023 (globe newswire) -- fanhua inc. (“fanhua” or “the company”) (nasdaq: fanh), a leading independent financial services provider in china, today announced that certain of fanhua's shareholders (collectively, “fanhua participating shareholders”), entered into share exchange agreements with puyi inc. (nasdaq: puyi), a leading third party wealth management service provider in china. the fanhua participating shareholders consist of mr. yinan hu, co-chairman of the board of directors and chief executive officer of the company, certain other executive officers of the company, certain employees, and certain other shareholders.
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