Cninsure Inc. announced the resignation of Mr. Shangzhi Wu from the company's board of directors following the expiration of his tenure and the appointment of Ms. Xiaojun Shang as a member of the Board, effective on August 24, 2012. Ms. Shang has been an executive director of CDH Investments Management (Hong Kong) Limited. Prior to that, Ms. Shang was an executive director of CDH Investment Advisory Private Limited from 2009 to 2010, a vice president of CDH Investments Management (Hong Kong) Limited from 2007 to 2009 and a vice president of CDH China Management Company Limited from 2003 to 2007.

Prior to joining CDH China Management Company Limited in 2003, Ms. Shang was an assistant vice president of GIC Special Investments' Asia Pacific private equity group, focusing on direct investment opportunities in China. From 1997 to 2001, she worked for DBS Land Limited and CapitaLand Residential Limited in business development, strategic planning, asset management and corporate planning areas. Ms. Shang graduated with a Bachelor's degree in Business Administration with first class honors in 1996 from the National University of Singapore.