Huize independent director Aaron Xiaolei Hou resigns from board

Published 02/10/2025, 10:10
Huize independent director Aaron Xiaolei Hou resigns from board

SHENZHEN, China - Huize Holding Limited (NASDAQ:HUIZ) announced Thursday that Aaron Xiaolei Hou has resigned from his position as an independent director on the company’s board of directors, effective September 30, 2025. The announcement comes as the company maintains profitability with a P/E ratio of 13.5x and shows strong momentum, with the stock up over 33% in the past six months.

According to a company press release, Hou also stepped down from his membership on the nominating and corporate governance committee, audit committee, and compensation committee. The resignation was attributed to personal reasons and did not stem from any disagreement with the company.

The board has appointed Cunjun Ma, Huize’s Chairman and Chief Executive Officer, to replace Hou as chairperson of the nominating and corporate governance committee.

"On behalf of the Company and the Board, I would like to express our gratitude to Mr. Hou for his invaluable contributions during his tenure as an independent director," Ma said in the statement.

Huize Holding Limited operates as an insurance technology platform in Asia, connecting consumers with insurance carriers and distribution partners through digital solutions. The company focuses on serving mass affluent consumers with life-long insurance needs through an online-to-offline integrated ecosystem.

The information in this article is based on a press release issued by Huize Holding Limited.

In other recent news, Huize Holding Ltd reported substantial growth in its Q2 2025 earnings, with total revenue reaching RMB 400 million. This marks a 40% increase compared to the same period last year. The company’s impressive financial performance was attributed to strong results in the health, retirement, and wealth management sectors. Additionally, Huize’s strategic innovations and operational enhancements contributed to this growth. Analysts have noted the company’s robust earnings, although no specific upgrades or downgrades were mentioned from firms. These developments highlight Huize’s continued focus on expanding its market presence and improving its service offerings. Investors will be keen to observe how these strategies impact future performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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