Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2011
Commission File Number: 001-33768
CNINSURE INC.
22/F, Yinhai Building
No. 299 Yanjiang Zhong Road
Guangzhou, Guangdong 510110
Peoples Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): o
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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By:
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/s/ Peng Ge
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Name:
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Peng Ge |
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Title:
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Chief Financial Officer |
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Date:
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September 16 , 2011 |
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Exhibit Index
Exhibit 99.1 Press Release
Exhibit 99.1
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IR-127 |
CNinsure Announces Withdrawal of Non-Binding Going Private Proposal
GUANGZHOU, China, September 15, 2011 (GLOBE NEWSWIRE) CNinsure Inc. (Nasdaq:CISG) (the Company
or CNinsure), a leading independent insurance intermediary company operating in China, today
announced that the Special Committee of its Board of Directors has received a notice from TPG Asia
V MU, Inc., Kingsford Resources Limited, a company controlled by Mr. Yinan Hu, chairman of the
Board of Directors and chief executive officer of the Company, and entities affiliated with him,
and CDH Inservice Limited that they have unanimously determined to withdraw the non-binding going
private proposal dated May 14, 2011.
Mr. Yinan Hu, CNinsures chairman and chief executive officer, stated, Recent market conditions
and near term volatility have made for a challenging deal environment. Mr. Hu continued,
Throughout the last four months, the Company has been conducting business as usual. We still have
full confidence in the growth prospects of the Company in view of our strong cash position,
industry leadership and well-proven growth model. We intend for the Company to continue to execute
on its long-term growth strategies and to explore potential opportunities to maximize value for all
shareholders.
About CNinsure Inc.
CNinsure is a leading independent insurance intermediary company operating in China. CNinsures
distribution network reaches many of Chinas most economically developed regions and affluent
cities. The Company distributes a wide variety of property and casualty and life insurance products
underwritten by domestic and foreign insurance companies operating in China, and provides insurance
claims adjusting as well as other insurance-related services.
Forward-looking Statements
This press release contains statements of a forward-looking nature. These statements, including the
managements quotations, are made under the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology
such as will, expects, believes, anticipates, intends, estimates and similar
statements. These forward-looking statements involve known and unknown risks and uncertainties and
are based on current expectations, assumptions, estimates and projections about CNinsure and the
industry. Potential risks and uncertainties include CNinsures limited operating history,
especially its limited experience in selling life insurance products, its ability to attract and
retain productive agents, especially entrepreneurial agents, its ability to maintain existing and
develop new business relationships with insurance companies, its ability to execute its growth
strategy, its ability to adapt to the evolving regulatory environment in the Chinese insurance
industry, its ability to compete effectively against its competitors, quarterly variations in its
operating results caused by factors beyond its control and macroeconomic conditions in China and
their potential impact on the sales of insurance products. All information provided in this press
release is as of September 15, 2011, and CNinsure undertakes no
obligation to update any forward-looking statements to reflect subsequent occurring events or
circumstances, or changes in its expectations, except as may be required by law. Although CNinsure
believes that the expectations expressed in these forward-looking statements are reasonable, it
cannot assure you that its expectations will turn out to be correct, and investors are cautioned
that actual results may differ materially from the anticipated results. Further information
regarding risks and uncertainties faced by CNinsure is included in CNinsures filings with the U.S.
Securities and Exchange Commission, including its annual report on Form 20-F.
For more information, please contact:
Oasis Qiu
Investor Relations Manager
Tel: +86-20-61222777x850
Email: qiusr@cninsure.net
Source: CNinsure Inc.