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 August 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.
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: August 12, 2010
Exhibit Index
Exhibit 99.1 Press Release
Exhibit 99.1
Exhibit 99.1
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IR-085
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CNinsure Announces Senior Management Reshuffle
GUANGZHOU, China, August 11, 2010/PRNewswire-Asia-FirstCall/ CNinsure Inc. (Nasdaq: CISG), (the
Company or CNinsure), a leading independent insurance intermediary company operating in China,
today announced a management reshuffle to reallocate resources for the establishment of its four
new profit centers, namely, insurance brokerage business, telemarketing and internet sales,
consumer credit brokerage business and wealth management distribution business.
Chengbin Li, vice president of the Company, will resign from his current position as head of the
life insurance unit of the Company and take up new assignments at the group as vice president for
human resources management and strategic planning. He will spearhead the execution of the Companys
human capital strategy and will be in charge of business model optimization for the profit centers
of the Company. Feng (Fred) Jin, chief operating officer and chief information officer of the
Company, will assume the additional role of the head of the life insurance unit. The resignation
and appointment will be effective immediately.
Mr. Li has been vice president and head of the life insurance unit since February 2008. From 2000
to 2008, he held various management positions at the Company, including assistant vice president,
department general manager and general managers of various insurance agencies or financial service
firms controlled by the Company.
Mr. Jin has been chief operating officer of the Company since November 2008 and chief information
officer since November 2007. Prior to joining CNinsure in October 2007, Mr. Jins work experiences
included the positions of assistant president and chief information officer of New China Life
Insurance Co., Ltd., and sales manager and financial planner at the U.S.-based Prudential Insurance
Company of America.
Commenting on the management reshuffle, Mr. Yinan Hu, Chairman and CEO of CNinsure, stated, I
appreciate all the contributions delivered by our management team who has led the Company through
all the ups and downs during the past decade. While we are striving for another breakthrough in our
business expansion, we need to felicitously appoint talents to the right positions to better
facilitate our future growth. The reshuffle reflects our long-term commitment to fully addressing
the complexity and challenges of the new businesses and to creating a team with the appropriate
skills and experience to ensure the sustainable success of the Company.
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 both domestic and foreign insurance companies operating in China, and provides
insurance claims adjusting service as well as other insurance-related services.
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IR-085
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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 information
provided in this press release is as of August 11, 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 Officer
Tel: +86-20-61222777-850
Email: qiusr@cninsure.net
Source: CNinsure Inc.
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