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Guangzhou, China, December 16, 2021 (Global News Agency)-Fanhua Co., Ltd. (“Fanhua” or “Company”) (NASDAQ:fan), a leading independent financial services provider in China, today announced that the company’s founder and director Mr. Hu Yinan (“Mr. Hu”) has been appointed by the company’s board of directors as the company’s chairman and director. Chief Executive Officer, filled the vacancy left by the resignation of Mr. Wang Chunlin (“Mr. Wang”). Mr. Wang has informed the board of directors that his resignation is due to personal reasons.
As the founder of Fanhua, Mr. Hu Yinan is also the company’s largest shareholder and currently beneficially owns approximately 18.6% of the company’s issued ordinary shares. Mr. Hu served as the chairman of the board from 1998 to 2017 and the chief executive officer from 1998 to 2011. Mr. Hu Yinan graduated from Southwestern University of Finance and Economics with a master’s degree in finance. In 2020, he was awarded the honorary title of “40 Outstanding Insurance Leaders in China’s Insurance Industry in 40 Years” and was recognized as a leader in China’s insurance industry.
Mr. Hu Yinan, Chairman and CEO of Fanhua, commented: “In the past ten years, Mr. Chunlin Wang, as the captain of Fanhua, has demonstrated outstanding leadership and strong strategic execution, and has made great contributions to Fanhua’s growth. On behalf of the company’s board of directors, I would like to express my sincerest gratitude to him.
“China’s insurance…
The full story can be found on Benzinga.com
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