Fanhua to Announce Unaudited First Quarter 2022 Financial Results and Hold a Conference Call on May 26, 2022

Fanhua inc.

GUANGZHOU, China, May 16, 2022 (GLOBE NEWSWIRE) — Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that it will release its unaudited first quarter 2022 financial results after the close of U.S. financial markets on May 26, 2022.

Mr. Yinan Hu, Chairman and CEO and Mr. Peng Ge, Chief Financial Officer, will hold a conference call to discuss the first quarter 2022 financial results at:

Time: 9:00 p.m. Eastern Time, May 26, 2022

or 9:00 a.m. Beijing Time on May 27, 2022

Freephone numbers:

United States

1-833-239-5565

Hong Kong, China

800-906-601

South Korea

080-850-0474

Toll numbers:

China (Mainland)

400-820-5286

Hong Kong, China and other regions

+852 30-186-771

UK

+44 203-692-8125

Conference ID: 4067079

Additionally, a live and archived webcast of this call will be available at:

https://edge.media-server.com/mmc/p/h4u2gjx5

About Fanhua Inc.

Fanhua Inc. is a leading independent financial services provider. Through our online platforms and offline sales and service network, we offer a wide variety of retail financial products and services, including life and property and casualty insurance products. We also provide claims adjustment services, such as damage appraisals, investigations, authentications and loss estimates, as well as value-added services, such as emergency vehicle roadside assistance.

Our online platforms include: (1) Lan Zhanggui, an all-in-one platform that allows our agents to access and purchase a wide variety of insurance products, including life insurance, car insurance, accident insurance, travel insurance and standard health insurance products from several insurance companies on their mobile devices; (2) Baowang (www.baoxian.com), an online entry portal to compare and purchase health, accident, travel and home insurance products and (3) eHuzhu (www.ehuzhu.com) , a non-profit online self-help platform in China.

As of March 31, 2022, our distribution and service network is made up of 735 points of sale covering 23 provinces and 109 service points covering 31 provinces.

Forward-looking statements

This press release contains forward-looking statements. These statements, including statements relating to the future financial and operating results of the Company, are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. You may identify these statements forward-looking by terminology such as “”, “expects”, “believes”, “anticipates”, “intends”, “estimates” and similar statements. Among other things, the Management Quotes and the Business Outlook section contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about Fanhua and the industry. Potential risks and uncertainties include, but are not limited to, Fanhua’s ability to attract and retain key personnel and productive agents, its ability to maintain and develop new business relationships with insurance companies, its ability to execute its growth strategy, its ability to adapt to changes in the regulatory environment in the Chinese insurance industry, its ability to compete effectively with its competitors, quarterly variations in its operating results caused by factors beyond its control and macroeconomic conditions in China and their potential impact on sales of insurance products. All information provided in this press release is as of the date hereof, and Fanhua undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, unless the law requires it. Although Fanhua believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will prove to be correct, and investors are cautioned that actual results may differ materially from anticipated results. Further information regarding the risks and uncertainties facing Fanhua is included in Fanhua’s filings with the United States Securities and Exchange Commission, including its Annual Report on Form 20-F.

CONTACT: CONTACT: Investor Relations Tel: (8620) 83883191 Email: [email protected]

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