CNinsure CFO to Resign

February 26, 2008

In a statement, separate from its earnings announcment (see related article), Chinese broker, CNinsure Inc. announced that, David Tang will resign from his position as Chief Financial Officer and Vice President of the company, “for personal reasons,” effective April 1, 2008.

Peng Ge, currently Vice President, General Manager of the Finance and Accounting Department and a Director of the company, will assume the role of CFO.

Tang joined CNinsure and was appointed CFO in February 2007. Yinan Hu, CNinsure’s Chairman and CEO noted that he had “played an important role in our IPO.” He wished Tang well on behalf of the Company’s board, and offered his thanks “for his contributions to the Company,” as well as wishing him “every success in his future career.”

Peng Ge has been CNinsure’s Vice President and General Manager of the Finance and Accounting Department since 2005 and a Director since August 2007. He is in charge of capital markets, the management of accounting and internal control and operational planning. From 1999 to 2005, Ge headed the Company’s business operations in Beijing.” He has “played a key role” in attracting investments,” said the bulletin.

Source: CNinsure Inc. – .

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