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"We have enjoyed strong growth in operating profit over the past consecutive four quarters. Fanhua has shown great potential for sustained profitability and operating cash flow, which demonstrates the success of the adjustment to our business strategy over the past seven years. Therefore, with the approval of the Board, management has decided to implement a more generous dividend policy to better reward our shareholders for their trust and support.
"We believe our ability to generate strong cash flow and our solid cash position will provide sufficient capital to support both the boost in dividend payments and our long term business development."
Our online platforms include (1) Baoxian.com, a consumer-oriented online entry portal for comparing and purchasing hundreds of health, accident, travel and homeowner insurance products provided by over 30 insurance companies; (2) CNpad App, a mobile sales support application that helps insurance agents provide real-time quotations and online transactions of a wide spectrum of auto insurance, life insurance and wealth management products to customers; and (3) eHuzhu (www.ehuzhu.com), a non-profit online mutual aid platform in
Our offline insurance distribution and service networks cover 29 provinces across
This press release contains statements of a forward-looking nature. These
statements, including the statements relating to the Company's future financial and operating results, are made under the "safe harbor" provisions of the
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