AIX Appoints New Co-CEO and Board Member

GUANGZHOU, China, Nov. 22, 2024 — AIX Inc. (Nasdaq: AIFU), a leading Chinese technology-driven financial services company, announced the appointment of Mr. Ning Li as Co-Chief Executive Officer and Executive Director, effective immediately.

Mr. Li’s career includes serving as Executive Director (2017-2022) and Chief Financial Officer (2010-2022) at CNFinance Holdings Ltd. Previously, he was Financial Director at AIX Inc. (2006-2009), Financial Controller at China Textile Import & Export Group (2001-2005), and General Manager at Beijing Obas International Freight Forwarding Co., Ltd. (2005-2006). He holds a bachelor’s degree in accounting from the University of International Business and Economics and is a member of the Association of Chartered Certified Accountants.

Ms. Hang Suong Nguyen, AIX Chairperson, welcomed Mr. Li, stating his financial expertise and management experience will be invaluable in guiding AIX’s growth and innovation.

Mr. Li expressed his enthusiasm for returning to AIX as Co-CEO and Executive Director, expressing confidence in the company’s future and commitment to achieving its long-term goals, creating shareholder value.

About AIX Inc.

Founded in Guangzhou in 1998 and NASDAQ-listed since 2007 (Nasdaq: AIFU), AIX Inc. is a prominent independent financial services provider in China, leveraging technology to support financial advisors and deliver value to clients.

AIX provides a collaborative platform for independent financial advisors and insurance/financial sales organizations, offering comprehensive business solutions encompassing compliance, technology, products, services, operations, capital flow, and training.

With a wide-reaching sales and service network, AIX serves 400 million middle-class families, offering insurance, wealth management, and related services through partnerships with financial institutions, providing diverse and personalized financial options.

For more information, visit https://ir.aifugroup.com

Forward-looking Statements

This release includes forward-looking statements, subject to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements, including those regarding future financial and operating results, use terms like “will,” “expects,” “believes,” “anticipates,” “intends,” and “estimates.” These statements involve known and unknown risks and uncertainties, based on current expectations and assumptions about AIX Inc. and the industry. Potential risks include attracting and retaining agents, maintaining business relationships, executing its growth strategy, adapting to regulatory changes, effective competition, and macroeconomic conditions in China. All information is current as of today’s date; AIX Inc. is not obligated to update forward-looking statements unless legally required. While AIX Inc. believes these statements are reasonable, actual results may differ materially. Further information on risks is in AIX Inc.’s SEC filings, including its Form 20-F.

CONTACT: For more information, please contact:

AIX Inc.
Investor Relations
Tel: +86 (20) 8388-3191
Email: ir@aifugroup.com