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 December 2010
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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CNinsure Inc.
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By: |
/s/ Qiuping Lai
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Name: |
Qiuping Lai |
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Title: |
President |
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Date: December 7, 2010
Exhibit Index
Exhibit 99.1 Press Release
Exhibit 99.1
Exhibit 99.1
CNinsure Announces US$100 Million Corporate Share Buyback Program
GUANGZHOU, China, December 3, 2010 (GLOBE NEWSWIRE) CNinsure Inc., (Nasdaq:CISG) (the Company
or CNinsure), a leading independent insurance intermediary company operating in China, today
announced that its board of directors approved a corporate share repurchase program authorizing up
to US$100 million in American depositary shares (ADSs) repurchases by June 30, 2011. Purchases
will be made from time to time on the open market at prevailing market prices or in block trades,
and will be subject to restrictions related to volume, price and timing. CNinsure plans to fund the
share repurchase program with its available cash balance.
Mr. Yinan Hu, chairman and chief executive officer of CNinsure, commented, The share repurchase
program demonstrates our confidence in the long-term growth prospects of the Company and our
commitment to enhancing shareholder value. With a 12-year track record, our business model has
proven sustainable and positioned us to take advantage of significant growth opportunities in the
rapidly expanding Chinese insurance market. We believe it is the right time to use our strong
financial position to invest in the future of CNinsure.
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 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. Among other things, the managements
quotations 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 CNinsure and the industry.
Potential risks and uncertainties include, but are not limited to, those relating to 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
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information provided in this press release is as of December 3, 2010, and CNinsure undertakes no
obligation to update any forward-looking statements to reflect subsequent occurring events or
circumstances, or to 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.
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