Furthermore, with the approval of the board of directors of FANHUA (the ?Board?), Mr. Peh Chin Hua has been appointed to serve as the Chairman of FANHUA with immediate effect. Meanwhile, Mr. Yinan Hu and Mr. Ben Lin have resigned as co-chairmen. Mr. Hu will assume the position of vice Chairman and Chief Executive Officer of FANHUA while Mr. Lin will continue to serve as a director and chief strategy officer of FANHUA. Mr. Peh Chin Hua, born in 1947, is a Singaporean entrepreneur and former Member of Parliament for 13 years. With 29 years of active contributions to Singapore's social and political service, he received the National Day Public Service Medal. After retiring from politics in 2001, Mr. Peh earned an Executive MBA from NUS. He was formerly Managing Director of Shinglee Book Holdings, the founder and executive Chairman of Dragonland Group, a listed company in Singapore, and the vice Chairman of TFC Bank Holdings in the United States and Chairman of NTUC Seacare Holding Ltd. As the founder and executive Chairman of Singapore White Group, Mr. Peh has led numerous large-scale projects
in major Chinese cities, focusing on real estate. His ventures aim to create affordable housing, develop ecological cities, and contribute to economic growth in China. Additionally, the Group has been investing in artificial intelligence technology projects with international company across the USA, China, Europe and Asia Pacific.