GUANGZHOU, China, January. 4 /Xinhua PRNewswire/ — CNinsure Inc., places a prominent independent company functioning of the insurance agency and the broker activity in China, today announced a signing of a final agreement, to 60% a bar Hubei East in Century the Insurance agency CO, Ltd. (’ ‘ East Century ‘ ‘). This to acquire CNinsure’s entry to Hubei, a province with Union of Police and premium income classification 12. in the country 2006 Die negotiation is expected, in order to close at the end January 2008. With the acquisition of East Century, CNinsure’s distribution network reaches now 10 provinces in China. East, that, based in Wuhan, which is provinzielle capital Century, 2004 by a group veterans each with 10 years insurance industry experience was based. It is die first local agency, die on die distribution the life insurance products and the NR. 1 of professional insurance mediators in Hubei into life insurance premium expressed specializes. Kw_company at present 5 addresses and has sales personnel possesses more over 600 of the specialists. It established strong business conditions to 13 insurance companies. Commentating this, CNinsure’s of chairmen are pleased case and Chief ExecutivOfficer, Yinan Hu, said, ‘ ‘ We, the strategic acquisition Hubei East Century the Insurance agency CO to announce Ltd.. The acquisition sits itself squarely within our the strategy erweiternnation wide of the distribution network and developing lives business. With its geographical covering in the Hubei province and track record in the life business, East, Century is market clearly, our a strategic goal of acquiring the business, die meets of giving us the strong presence in a new and of contributing to the life business growth capable is We is convinced that addition East Century the Willeserve as strong driving strength behind CNinsure’s continued growth in coming years.” Over CNinsure Inc.. CNinsure is prominent independent company functioning of the insurance agency and the broker activity in China. CNinsure’s distribution network reaches some from developed regions and from plentiful cities that of China most economically. Kw_company a wide multiplicity distributes property and accident and life insurance products, die by die to be house-employed and foreign insurance companies signed, die in China function and supplies insurance in connection standing services the forward looking of the statements This press release contains statements about a forwardlooking nature. These statements are met more under die ‘ ‘ safe harbor ” precautions of United States Private collateral law case improvement Act from 1995. They can to be become these looking forward statements by terminology as ‘ ‘, ” ‘ ‘ expected, ” ‘ ‘ believed, ” ‘ ‘ anticipated, ” ‘ ‘ intended, ” ‘ ‘ estimations ‘ and similar statements mark. Under other things die contain quotation of the management forwardlooking statements. These forwardlooking statements refer die well-known and unknown dangers and die uncertainties also and are based on current expectations, acceptance, estimations and projections over CNinsure and die industry. Possible dangers and uncertainties include, but are not limited too, those functioning history, particularly its limited experience, die regarding CNinsure’s limited, if they sell life insurance products, its ability, in order productive means, particularly business means, its ability, in order to maintain a consisting and develop, new business conditions to the insurance companies, its ability, to accomplish to the its growth strategy its ability, to compete in order to adapt to the developing regulating environment in the Chinese insurance industry and its ability tighten and keep, to against its competitors effectively. All information, die in this press the release to be made available, is off January 04, 2008, and CNinsure is not received commitment to update all looking forward statements in order to communicate following arising cases or circumstances or at changes in its expectations, excluded, how may through law you become requested. Although CNinsure believes that die expectations, die in these looking forward statements are expressed, appropriately are, can it not to you insure that that its expectations are turn out sake to be over correct and investors, become that may more differ materially by the anticipated results warned actual results die Further concerning information die dangers and uncertainties, die are confronted by CNinsure, are not in the CNinsure’s archivings with United States the shares and the Exchange commission enclosed and including its adjustment statement on form F-1.
To more information please contact:
Phoebe mix IR Officer telephone: +86 20 6122 2730 email: mengyf@cninsure.net
.
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