HUIZ - Huize agrees to acquire nationwide insurance agency Senhao

Huize Holding(NASDAQ:HUIZ) announced that the Group, through a wholly-owned subsidiary of the Group’s consolidated variable interest entity to acquire 100% equity interest in Shanghai Senhao Insurance Agency, a nationwide professional insurance agency company with business networks in 11 provincial areas in China. Senhao Insurance Agency holds the license issued by the CBIRC to operate its insurance agency business nationwide, with a business network of 18 regional sales and service centers across 11 provincial areas to engage with insurance clients. Pursuant to the pact, the Group has agreed to acquire 100% equity interest in Senhao Insurance Agency at a consideration of ~RMB29.8M. The transaction is expected to complete in the first quarter of 2022.

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Huize agrees to acquire nationwide insurance agency Senhao