Fanhua Inc. announced that, with effect from September 18, 2017, Mr. Chunlin Wang, chief executive officer and director of the company, has been appointed by the company's board of directors to be its chairman, filling the vacancy left by the resignation of Mr. Yinan Hu, the former chairman of the Board. Mr. Hu has informed that his resignation is due to personal reasons, though he will remain a director of the company. Mr. Hu is one of the co-founders of Fanhua and had been Chairman of the board since 1998. He was also the CEO of Fanhua between 1998 and 2011. Mr. Wang joined Fanhua in 1998. He has served as the CEO of Fanhua since October 2011 and as one of its executive directors since March 2016.