UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

Core Viewpoint - Fanhua Inc. has announced significant corporate changes, including a name change and a re-designation of its share capital structure, aimed at enhancing its strategic focus as a technology-driven financial services provider in China [2][5]. Group 1: Corporate Changes - The company's English name will change from "Fanhua Inc." to "AIX Inc." and the Chinese name will change from "泛华控股集团" to "智能未来有限公司" [2]. - The authorized share capital will remain at US$10,000,000 but will be re-designated into 8,000,000,000 Class A Ordinary Shares and 2,000,000,000 Class B Ordinary Shares, with Class A shares having one vote per share and Class B shares having 100 votes per share [2][4]. - The memorandum and articles of association will be amended and restated to reflect these changes [3]. Group 2: Strategic Focus - The name change is intended to better reflect the company's strategic focus on becoming a globally leading technology-driven financial service platform [5]. - The company aims to empower financial advisors and foster sustained value creation for customers through its services [5][8]. Group 3: Digital Transition - The company will transition to new website and email domains effective November 1, 2024, with old domains redirecting to the new ones for a period of time [6][7]. - New official website addresses will be established for both Chinese and English versions, along with investor relations pages [6].

GUANGZHOU, China, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (Nasdaq: FANH) (the “Company” or “Fanhua”), a leading independent technology-driven financial services provider in China, today announced the change of its ticker symbol from “FANH” to “AIFU”. Effective on October 23, 2024, the Company’s American Depository Shares will begin trading on Nasdaq under the new ticker symbol “AIFU”. The change aligns with the Company’s proposed change of Company’s English name from “Fanhua Inc.” to “AIX Inc.” and Ch ...

Core Viewpoint - Fanhua Inc. has announced significant changes to its board of directors, including the appointment of Ms. Hang Suong Nguyen as the new Chairperson, effective September 30, 2024, which is seen as a strategic move towards growth and leveraging artificial intelligence [2][8]. Board Changes - Ms. Hang Suong Nguyen has been appointed as the new Chairperson of the Board, effective September 30, 2024 [2]. - Incumbent independent directors Mr. Yunxiang Tang and Mr. Allen Lueth, along with executive director Mr. Ben Lin, have resigned from the Board due to personal reasons, effective September 30, 2024 [4]. - Ms. Jiaxing Shi has been appointed as Independent Director and Chair of the Audit Committee, while Mr. Changfu Li has been appointed as Independent Director and Chair of the Compensation Committee, both effective September 30, 2024 [4]. New Chairperson Background - Ms. Hang Suong Nguyen has served as Vice President of WEALTH WILL LIMITED since June 2023, focusing on operational strategies and capital deployment in emerging markets [3]. - Prior to her current role, she was Sales Director at Trustwell Far East Pte. Ltd. from late 2018 to May 2023, where she contributed significantly to cross-border business [3]. New Independent Directors Background - Ms. Jiaxing Shi has been the Investment Operations Manager at YD Network Technology Co Ltd. since March 2024, with prior experience in senior audit roles [5]. - Mr. Changfu Li has over a decade of experience in senior management, focusing on strategic operations and cost management, and has served as a consulting advisor since November 2023 [6]. Company Overview - Fanhua Inc. is a leading independent technology-driven financial services provider in China, specializing in insurance-oriented family asset allocation services and a one-stop service platform for individual sales agents and independent insurance intermediaries [9]. - The company operates Baowang, an online insurance platform that offers a comprehensive insurance shopping experience [9].

GUANGZHOU, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The board of directors (the “Board”) of Fanhua Inc. (Nasdaq: FANH) (the “Company” or “Fanhua”), a leading independent technology-driven financial services provider in China, today announces that Ms. Hang Suong Nguyen has been appointed as the new Chairperson of the Board, effective September 30, 2024.. Ms. Hang Suong Nguyen, Chairperson of the Board Ms. Nguyen has over 10 years of investment management experience. Since October 2019, she has been serving ...

Core Viewpoint - Fanhua Inc. is holding an extraordinary general meeting (EGM) for shareholders on October 31, 2024, to discuss company matters and voting rights for shareholders [1]. Group 1: Extraordinary General Meeting (EGM) - The EGM will take place at the company's executive office in Guangzhou, China, at 9:00 a.m. Beijing/Hong Kong Time [1]. - Shareholders holding ordinary shares as of October 1, 2024, are entitled to vote at the EGM [1]. - American depositary share (ADS) holders must act through JPMorgan Chase Bank to exercise their voting rights [1]. Group 2: Financial Reporting - Fanhua has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission [2]. - The annual report includes audited financial statements and is accessible on both the company's and SEC's websites [2]. Group 3: Company Overview - Fanhua Inc. is a leading independent technology-driven financial services provider in China, focusing on insurance-oriented family asset allocation services [3]. - The company offers a wide range of insurance products and services through a network of digitally empowered sales agents and professional claims adjustors [3]. - Fanhua operates Baowang, an online insurance platform that provides a one-stop shopping experience for customers [3].

Financial Performance - Total net revenues for the first half of 2024 were RMB1,123,178, a decrease of 42.7% from RMB1,960,377 in the same period of 2023[2] - Net income attributable to shareholders fell to RMB4,738, a decrease of 96.5% from RMB136,967 in the first half of 2023[2] - Operating income for the first half of 2024 was RMB54,910, a decrease of 62.5% from RMB146,387 in the same period of 2023[2] - Total gross profit was RMB424,600, a decrease of 29.0% from RMB597,700 in the first half of 2023[14] - Net income for 2023 was RMB 143,412, while for June 30, 2024, it dropped significantly to RMB 2,230, representing a decline of approximately 98.4%[38] - Adjusted EBITDA for 2023 was RMB 178,221, but decreased to RMB 77,665 by June 30, 2024, reflecting a decline of about 56.4%[45] - Total net revenues for 2023 were RMB 1,960,377, which decreased to RMB 1,123,177 in June 30, 2024, indicating a decline of approximately 42.7%[45] - The adjusted EBITDA margin decreased from 9.1% in 2023 to 6.9% in June 30, 2024, showing a reduction of 2.2 percentage points[45] - Net cash generated from operating activities was RMB 33,649 in 2023, slightly decreasing to RMB 32,926 in June 30, 2024, a decline of about 2.1%[42] - Cash flows from investing activities showed a net usage of RMB 164,838 in 2023, which increased to RMB 270,235 by June 30, 2024, indicating a rise of approximately 64%[42] - The company reported a comprehensive income attributable to shareholders of RMB 148,542 in 2023, which turned into a loss of RMB 533 by June 30, 2024[38] - The company experienced a significant loss in unrealized net gains on available-for-sale investments, moving from a gain of RMB 2,695 in 2023 to a loss of RMB 6,054 in June 30, 2024[38] - Cash, cash equivalents, and restricted cash at the end of the period decreased from RMB 661,587 in 2023 to RMB 264,230 by June 30, 2024, a decline of approximately 60%[42] Insurance Business Performance - Gross written premiums (GWP) for life insurance were RMB8,642,319, a slight decrease of 0.7% year-over-year, with first year premiums (FYP) dropping 48.3% to RMB1,205,417[3] - The number of life insurance performing agents decreased by 34.9% to 7,723, impacting FYP per agent which declined by 20.6% to RMB156[3] - The life insurance business generated revenues of RMB 1,663,463, while the non-life insurance business contributed RMB 89,279[35] - The Open Platform had 963 professional users, generating RMB322.7 million in first year premiums, accounting for 26.8% of life insurance FYP[7] Strategic Initiatives - The launch of the AI model 'Du Xiaobao' L2 is expected to enhance customer experience and reshape the insurance sales model[6] - The company has a strategic focus on long-term life insurance products, aiming to meet diverse customer needs through a digitally empowered sales network[25] - Fanhua operates Baowang, an online insurance platform, enhancing customer access to insurance products[25] Financial Position - Total current assets increased to RMB 2,375,565 as of June 30, 2024, compared to RMB 2,159,296 as of December 31, 2023[32] - Total assets reached RMB 4,050,884 as of June 30, 2024, reflecting growth from RMB 3,821,073 as of December 31, 2023[32] - Current liabilities totaled RMB 1,023,778 as of June 30, 2024, up from RMB 833,254 as of December 31, 2023[32] Shareholder Actions - The company authorized an additional US$20 million for its share repurchase program, totaling US$40 million[8] Risks and Challenges - The company anticipates potential risks related to attracting and retaining productive agents and adapting to regulatory changes in the Chinese insurance industry[29]

GUANGZHOU, China, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (Nasdaq: FANH) (the “Company” or “Fanhua”), a leading independent financial services provider in China, today announced its unaudited financial results for the first half ended June 30, 20241. Financial Highlights for the First Half of 2024: (In thousands, except per ADS data and percentages)2023H1 (RMB)2024H1 (RMB)2024H1(US$)Change %Total net revenues 1,960,377  1,123,178  154,555  (42.7)Operating income 146,387  54,910  7,557  (62.5)Loss fro ...

GUANGZHOU, China, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (Nasdaq: FANH) (the “Company” or “Fanhua”), a leading independent technology-driven financial services provider in China, today announces that it has recently received a resignation letter from Mr. Peh Chin Hua, tendering his resignation from the Board as director and Chairman of the Board for personal reasons. The Board has accepted his resignation, effective immediately. The Board hereby wishes Mr. Peh all the best in his future endeavors. A ...

GUANGZHOU, China, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Fanhua Inc. (Nasdaq: FANH) (the “Company” or “FANHUA”), a leading independent technology-driven financial services provider in China, today announced that it, through its wholly-owned subsidiary Fanhua BluePlus Health Management Co., Ltd. (“Fanhua BluePlus”) has recently signed a strategic cooperation agreement with Shanghai Biotecan Pharmaceuticals Co. Ltd. (“Biotecan”). Pursuant to the strategic cooperation agreement, Fanhua BluePlus and Biotecan will l ...