CNinsure Announces Senior Management Reshuffle
GUANGZHOU, China, August 11, 2010/PRNewswire-Asia-FirstCall/ — CNinsure Inc. (Nasdaq: CISG), (the
“Company” or “CNinsure”), a leading independent insurance intermediary company operating in China, today
announced a management reshuffle to reallocate resources for the establishment of its four new profit centers,
namely, insurance brokerage business, telemarketing and internet sales, consumer credit brokerage business and
wealth management distribution business.
Chengbin Li, vice president of the Company, will resign from his current position as head of the life insurance unit of
the Company and take up new assignments at the group as vice president for human resources management and
strategic planning. He will spearhead the execution of the Company’s human capital strategy and will be in charge
of business model optimization for the profit centers of the Company. Feng (Fred) Jin, chief operating officer and
chief information officer of the Company, will assume the additional role of the head of the life insurance unit. The
resignation and appointment will be effective immediately.
Mr. Li has been vice president and head of the life insurance unit since February 2008. From 2000 to 2008, he
held various management positions at the Company, including assistant vice president, department general manager
and general managers of various insurance agencies or financial service firms controlled by the Company.
Mr. Jin has been chief operating officer of the Company since November 2008 and chief information officer since
November 2007. Prior to joining CNinsure in October 2007, Mr. Jin’s work experiences included the positions of
assistant president and chief information officer of New China Life Insurance Co., Ltd., and sales manager and
financial planner at the U.S.-based Prudential Insurance Company of America.
Commenting on the management reshuffle, Mr. Yinan Hu, Chairman and CEO of CNinsure, stated, “I appreciate
all the contributions