[February 12, 2020, New York, USA] – A leading independent online insurance product and service platform in China, Huize Holding Limited (“Huize” or the “Company”, NASDAQ: HUIZ), together with its subsidiaries, (the “Group”), was successfully listed and commenced trading on NASDAQ Global Market under the symbol “HUIZ” today, with a price of $10.5 per share. The Company offers 4,650,000 American Depositary Shares (ADSs), each ADS represents 20 common shares. After the fees, The Company has raised approximately $55.125 million from the IPO.

Citigroup Global Markets Inc., China International Capital Corporation Hong Kong Securities Limited, Tiger Brokers (NZ) Limited and Valuable Capital Limited are acting as joint underwriters for the offering.

Mr. Cunjun Ma, Chairman of the Board of Directors and Chief Executive Officer of Huize Holding Limited, said, “We are very grateful for the support and attention from all the investors. Listing in the U.S. not only allows the Company to enter the international trade market but also provides a solid foundation for the long-term development of the Company. In the future, the Company will continue to focus on consolidating our leading position in the online insurance sector in China, and further strengthen the Company’s position in the industry to create the greatest value for the stakeholders.”