{"id":528771,"date":"2021-08-17T07:48:51","date_gmt":"2021-08-17T11:48:51","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/"},"modified":"2021-08-17T07:48:51","modified_gmt":"2021-08-17T11:48:51","slug":"huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/","title":{"rendered":"Huize Announces Management Share Purchase Plan to Demonstrate Confidence in the Prospects for Its Business"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SHENZHEN, China, Aug.  17, 2021  (GLOBE NEWSWIRE) &#8212; Huize Holding Limited, (\u201cHuize\u201d, the \u201cCompany\u201d or \u201cwe\u201d) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in\u00a0China, today announced that its Board of Directors (\u201cthe Board\u201d) has approved the Management Share Purchase Plan, pursuant to which Mr. Cunjun Ma, the Company\u2019s Chairman of the Board and Chief Executive Officer, and certain other members of the Company\u2019s management team intend to allocate their personal funds to purchase up to an aggregate of US$5 million worth of the Company\u2019s ADSs during a six-month period following today, pursuant and subject to applicable laws and the Company\u2019s securities trading policy. The management share purchase may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and\/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The management team has agreed to be subject to lock-up restrictions for a period of six months with respect to the proposed purchased shares.<\/p>\n<p>Mr. Cunjun Ma, Founder, Chairman of the Board and Chief Executive Officer of\u00a0Huize, commented, \u201cAs a leading digital insurance product and service platform in China, Huize has been at the forefront as an innovator in the online insurance industry while maintaining strict compliance within the industry\u2019s regulatory framework. We believe Huize has been a recipient of widespread industry recognition and is well-positioned to capitalize on the tremendous growth opportunities ahead. Our focus on distributing long-term life and health insurance products provides us with stable financial performance and better visibility on future revenues.\u00a0 Despite the headwinds and challenges Chinese companies listed in the US are currently facing, we are well-equipped to cope with such challenges with appropriate measures. The Management Share Purchase Plan demonstrates our confidence in the business fundamentals and long-term growth prospects of the Company.\u201d<\/p>\n<p>\n        <strong>About\u00a0Huize Holding Limited<\/strong>\n      <\/p>\n<p align=\"justify\">Huize Holding Limited\u00a0is a leading digital insurance product and service platform for new generation consumers in\u00a0China. Targeting the younger generation,\u00a0Huize\u00a0is dedicated to serving its insurance clients for their life-long insurance needs. Leveraging its online platform,\u00a0Huize\u00a0offers a wide variety of insurance products with a focus on long-term life and health insurance products, and empowers its insurer partners to reach a large fragmented client base in the insurance retail market efficiently and enhance their insurance sales.\u00a0Huize\u00a0provides insurance clients with digitalized insurance experience and services, including suitable product recommendations, consulting service, intelligent underwriting and assistance in claim application and settlement, which significantly improve transaction experience.<\/p>\n<p>For more information, please visit\u00a0<u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=M8XlHcL6lw0eO9OYpj2MLaO7rhtGrhQl97lTEkU60jgLv1Nk9weOBQ4OImcul-PM5qeDm9fudNoneEAufw0G5Q==\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/ir.huize.com<\/a><\/u>.<\/p>\n<p>\n        <strong>For investor and media inquiries, please contact:<\/strong>\n      <\/p>\n<p>\n        <strong>Investor Relations<br \/><\/strong>Ms.\u00a0Harriet Hu<br \/>Investor Relations Director<br \/>+852 3180 9207<br \/><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vXinNC42Bza945tqofcEwIIv5aPmjP4_Z2M7P_48Qy5NBvorDBROr_FPRL3U6_FBU2tN5rmsf7qXzjiMSbauNUoA_WuIbozwlHF19aFhjRk=\" rel=\"nofollow noopener\" target=\"_blank\">investor@huize.com<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-3DzEPs21NNW7FhmW8FH2PlCpDH_vLJQR05-8MHNxxP3WXUXjZSu8U10ug-uMgu1\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p><\/a><\/u><\/p>\n<p>\n        <strong>Media Relations<br \/><\/strong><br \/>\n        <u><br \/>\n          <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=otCB_8E4m-AEzFJQdaNyA9GTQtt8cEjcmw8m7TLu4xdUMRDbYEO7S4fgnLSVkgnos71pijVzZW-MKqYdymKoyHry5yzODYL7Ph-res1DuYU=\" rel=\"nofollow noopener\" target=\"_blank\">mediacenter@huize.com<\/a><br \/>\n          <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6uyuv4e09Q6I3OAfaXYqc2_8wUgVyuMyXPgW_ui7i65UUiwtyr5Vmq_UsNfxicsLucl7mOxhn9IdU4R6wGQ8bg==\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p>          <\/a><br \/>\n        <\/u>\n      <\/p>\n<p>\n        <strong>Christensen<\/p>\n<p><\/strong>In\u00a0China<br \/>Ms.\u00a0Constance Zhang<br \/>Phone: +86 138-1645-1798<br \/>E-mail:\u00a0<u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7WGcRyAqkK_I4y3SSORhZryJBd-Jdr99vXCP-Icj-_8uS2IxEw0W477FliDZORxs-96Xp65MTDBD91z-Nct14g2iHdo-ry2iSbzanO8WRgM=\" rel=\"nofollow noopener\" target=\"_blank\">czhang@christensenir.com<\/a><\/u><\/p>\n<p>In\u00a0U.S.<br \/>Ms.\u00a0Linda Bergkamp<br \/>Phone: +1-480-614-3004<br \/>Email:\u00a0<u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=jH4QjxleicPsbTZG0n1lN4ViHwEk9v666LDIXRkV7AZmVjtWQmVcUUL9eKrCou6fIKoYn2YPiynp93_j8FopKT3ZQD5bVUkp3cuzkMqosj3FZqi27m5eSerLYMpTsF1U\" rel=\"nofollow noopener\" target=\"_blank\">lbergkamp@ChristensenIR.com<\/a><\/u>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxMDU2MSM0MzYyMTIxIzIxODc3OTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDRkZmIyZmMtMmE3Mi00NTA2LWJhOWMtZTZhZmVhMDIxNDRhLTExOTkzNDQ=\/tiny\/Huize-Holding-Limited.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SHENZHEN, China, Aug. 17, 2021 (GLOBE NEWSWIRE) &#8212; Huize Holding Limited, (\u201cHuize\u201d, the \u201cCompany\u201d or \u201cwe\u201d) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in\u00a0China, today announced that its Board of Directors (\u201cthe Board\u201d) has approved the Management Share Purchase Plan, pursuant to which Mr. Cunjun Ma, the Company\u2019s Chairman of the Board and Chief Executive Officer, and certain other members of the Company\u2019s management team intend to allocate their personal funds to purchase up to an aggregate of US$5 million worth of the Company\u2019s ADSs during a six-month period following today, pursuant and subject to applicable laws and the Company\u2019s securities trading policy. The management share purchase may be made from time to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Huize Announces Management Share Purchase Plan to Demonstrate Confidence in the Prospects for Its Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-528771","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Huize Announces Management Share Purchase Plan to Demonstrate Confidence in the Prospects for Its Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huize Announces Management Share Purchase Plan to Demonstrate Confidence in the Prospects for Its Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SHENZHEN, China, Aug. 17, 2021 (GLOBE NEWSWIRE) &#8212; Huize Holding Limited, (\u201cHuize\u201d, the \u201cCompany\u201d or \u201cwe\u201d) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in\u00a0China, today announced that its Board of Directors (\u201cthe Board\u201d) has approved the Management Share Purchase Plan, pursuant to which Mr. Cunjun Ma, the Company\u2019s Chairman of the Board and Chief Executive Officer, and certain other members of the Company\u2019s management team intend to allocate their personal funds to purchase up to an aggregate of US$5 million worth of the Company\u2019s ADSs during a six-month period following today, pursuant and subject to applicable laws and the Company\u2019s securities trading policy. 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The management share purchase may be made from time to &hellip; Continue reading \"Huize Announces Management Share Purchase Plan to Demonstrate Confidence in the Prospects for Its Business\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-17T11:48:51+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxMDU2MSM0MzYyMTIxIzIxODc3OTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Huize Announces Management Share Purchase Plan to Demonstrate Confidence in the Prospects for Its Business","datePublished":"2021-08-17T11:48:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/"},"wordCount":504,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMxMDU2MSM0MzYyMTIxIzIxODc3OTE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/huize-announces-management-share-purchase-plan-to-demonstrate-confidence-in-the-prospects-for-its-business\/","name":"Huize Announces Management Share Purchase Plan to Demonstrate Confidence in the Prospects for Its Business - 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