– CHINA, Guangzhou – Fanhua Inc. (Nasdaq: FANH), a leading independent technology-driven financial services provider in China, announced the appointment of Hang Suong Nguyen as the new Chair of the Board of Directors effective September 30, 2024.
The company also announced the appointments of Ms. Jiaxing Shi and Mr. Changfu Li to its Board as Independent Directors effective September 30, 2024, while Yunxiang Tang, Allen Lueth, and Ben Lin resigned from the Board effective September 30, 2024.
About Ms. Hang Suong Nguyen
Since June 2023, Ms. Hang Suong Nguyen has served as VP of WEALTH WILL LIMITED, overseeing operational strategies and driving the company’s capital deployment and growth in multiple emerging markets. Prior to that, from late 2018 until May 2023, she held the position of Sales Director at Trustwell Far East Pte. Ltd., where she was responsible for formulating and executing sales strategies, managing the sales team, analyzing market demands, maintaining customer relationships, and expanding business channels, making significant contributions to the company’s cross-border business. She obtained her Bachelor’s degree in International Business from Vietnam National University in 2008 and her Master’s degree in Business Administration from Hanoi University of Science and Technology in 2009.
Hang Suong Nguyen said: “It is my pleasure to join the Board and take on the role of Fanhua’s Chairperson. I understand the significant responsibility that comes with this position and I am confident in our Company’s future. And I look forward to working with all of Fanhua’s team members to meet challenges and achieve great success together.”
About Jiaxing Shi
Ms. Jiaxing Shi has served as the Investment Operations Manager at YD Network Technology Co Ltd. since March 2024, overseeing the company’s investment strategy, and financial due diligence to optimize long-term returns. Before this role, she served as a senior audit professional at UHY LLP and Marcum LLP from 2022 to 2024. Before that, she served in a senior manager position in a financial reporting and investor relations role at Aurora Mobile Ltd. (Nasdaq: JG) from 2018 to 2022. She received an MBA Degree in Financial Management from Goldey-Beacom College in 2018 and a Master’s Degree in Accounting from St. John’s University in 2015. She received a Bachelor’s Degree from Inner Mongolia University of Finance and Economics in 2013.
Mr. Changfu Li, Independent Director and the Chair of the Compensation Committee
Mr. Changfu Li has over a decade of experience in senior management, with a focus on strategic operations and cost management across various industries. Mr. Li has served as a consulting advisor at Beijing Shanying Legal Consulting Co., Ltd since November 2023. Before this, he served as a procurement supervisor at Shanghai Sanqing Industrial Development Co., Ltd. from June 2010 to March 2020, where he managed procurement operations and contributed to sales strategy planning. And later he was promoted to Vice President of Administration and Purchasing Manager at the company’s Guangzhou branch in March 2020. Before that, from 2006 to 2010, Mr. Li held the position of procurement associate at Zhejiang Shalangsi Craft Co., Ltd. Mr. Li earned his bachelor’s degree in International Economics and Trade from Yanbian University in 2006.
About Fanhua Inc.
Driven by its digital technologies and professional expertise in the insurance industry, Fanhua Inc. is the leading independent financial service provider in China, focusing on providing insurance-oriented family asset allocation services that cover customers’ full lifecycle and a one-stop service platform for individual sales agents and independent insurance intermediaries.
With a strategic focus on long-term life insurance products, we offer a broad range of insurance products, claims adjusting services, and various value-added services to meet customers’ diverse needs, through an extensive network of digitally empowered sales agents and professional claims adjustors. We also operate Baowang (www.baoxian.com), an online insurance platform that provides customers with a one-stop insurance shopping experience.
For more information: https://ir.fanhuaholdings.com/
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