CNinsure Announces $30 Million Share Buyback

CNinsure CISG today announced that its board of directors approved a share repurchase program authorizing the Company to repurchase up to $30 million of its American depositary shares by May 6, 2013. Purchases will be made on the open market or in negotiated transactions off the market from time to time as market conditions warrant, and will be subject to restrictions related to volume, price and timing. Mr. Chunlin Wang, chief executive director of CNinsure, commented: "We believe our stock is significantly undervalued. This share buyback reflects our continued commitment to protecting shareholder interests and enhancing shareholder return. In the meantime, we will continue executing our growth strategy and capitalizing on market opportunities to build value for our shareholders." See full press release