Fanhua announces supplementary agreement with Singapore White Group

FANHUA announces the signing of the first supplementary agreement with Singapore White Group to the framework strategic agreement previously disclosed on February 2, 2024. Pursuant to the agreement, both parties agree to the following matters: 1. White Group will inject assets into FANHUA aimed at assisting FANHUA in driving its artificial intelligence development and international expansion by setting new offices in Singapore, Vietnam, Europe, the United States and Hong Kong. 2. White Group and its partnerships will invest up to US$500 million in FANHUA. 3. The main objective of the parties is to explore investments in high-quality assets