FANHUA Announces Significant Investment from White Group

February 2, 2024

https://www.globenewswire.com/news-release/2024/02/02/2822858/13433/en/FANHUA-Announces-Significant-Investment-from-White-Group.html

GUANGZHOU, China, Feb. 02, 2024 (GLOBE NEWSWIRE) — FANHUA Inc. (“FANHUA” or the “Company”) (Nasdaq:FANH), a leading independent financial services provider in China, today announced that Fanhua and Puyi Inc. (“Puyi”) entered into a framework agreement with Singapore White Group Pte. Ltd. (“White Group”). Pursuant to the framework agreement, White Group and its partners intend to invest up to US$500 million in Fanhua and up to US$500 million in Puyi. Both parties will proceed with finalising the details of the agreement soon.

Read more at globenewswire.com

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