Fanhua announces grant of share options to key employees

Fanhua announced that its board of directors has recently approved the grant of share options to certain of its key employees. This move is part of the Company’s strategy to incentivize key talent and align their interests with the long term success of the Company. In accordance with the Company’s 2022 Share Inventive Plan, on July 2, 2024 the Board authorized the issuance of share options to purchase up to 6,900,000 American Depository Shares to 15 management team members of the Company’s major subsidiaries. The share options are immediately exercisable until July 15, 2024, subject to certain conditions.