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 May 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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CNinsure Inc.
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By: |
/s/ Yinan Hu
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Name: |
Yinan Hu |
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Title: |
Chief Executive Officer |
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Date: May 20, 2011
Exhibit Index
Exhibit 99.1 Press Release
Exhibit 99.1
Exhibit 99.1
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IR-118 |
CNinsure Establishes Special Committee to Evaluate
Non-binding Going Private Proposal
GUANGZHOU, China, May 20, 2011 (GLOBE NEWSWIRE) CNinsure Inc. (Nasdaq:CISG) (the Company or
CNinsure), a leading independent insurance intermediary company operating in China, announced
today that it has established a special committee (the special committee) to evaluate the
non-binding going private proposal received 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.
The special committee consists of two of the Companys independent directors, Mr. Allen Warren
Lueth and Mr. Stephen Markscheid. The special committee will retain independent legal and financial
advisors to assist it in its evaluation of the proposal. No decisions have been made by the special
committee with respect to the Companys response to the proposal. There can be no assurance that
any definitive offer will be made, that any agreement will be executed or that this or any other
transaction will be approved or consummated.
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. 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 whether any definitive offer will
be made, whether any agreement will be executed or whether this or any other transaction will be
approved or consummated, as well as 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 May 20,
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.