AIFU Business Summary

AIFU Inc. (AIFU), formerly known as Fanhua Inc., operates as a leading independent, AI-driven financial services platform in China, primarily generating revenue through commissions and service fees within its Insurance Agency segment. The company distributes a comprehensive suite of life, health, and non-life insurance products through a vast omnichannel network of individual agents and independent intermediaries. Following a major strategic restructuring in late 2024 and early 2025, AIFU divested its non-core claims adjusting business to focus on a high-growth "AI + Healthcare" ecosystem. This transformation was anchored by a landmark share exchange with BGM Group Ltd (BGM), in which AIFU secured a 72% equity stake in BGM in exchange for its "Du Xiaobao" intelligent insurance platform. AIFU competes directly with digital-first intermediaries such as Huize Holding Ltd (HUIZ) and Waterdrop Inc. (WDH), as well as traditional brokerage firms, positioning itself as a technology-integrated provider targeting China’s expanding "silver economy" and healthcare sectors. AIFU’s leadership team is currently spearheaded by Chief Executive Officer and Vice Chairperson Mingxiu Luan, who was appointed in April 2025 and previously served as the CFO of TIAN RUIXIANG Holdings Ltd. She is supported by Co-CEO Ning Li, a former executive director and CFO at CNFinance Holdings with extensive experience in financial strategy, and Chief Financial Officer Huaguang Huang, who joined in early 2025 from Shen Zhen Hiao Electronic Technology. The company’s governance is currently in transition following the resignation of Board Chairperson Hong Suong Nguyen on March 17, 2026, with the board actively seeking a successor to lead its strategic oversight. Notable institutional backing includes Susquehanna International Group (SIG), which remains the company's largest institutional shareholder as of early 2026, alongside minority positions held by global firms such as Morgan Stanley and BNP Paribas.