Fanhua Inc. announced that, with effect from December 20, 2016, Peng Ge chief financial officer of the company was appointed a director of the company by its board of directors to fill the vacancy left by the resignation of Xiaojun Shang a director appointed by CDH Investments. Mr. Ge is one of the co-founders of the Company and has been chief financial officer of the Company since April 2008. He previously held various managerial positions in the Company including vice president and general manager of the financial and accounting department and head of the company’s Beijing operations.