Fanhua (FANH) said Friday that its board approved an additional $20 million share buyback capacity, increasing its share repurchase program to $40 million.
The company also said a group of its senior executives, including Chief Executive Officer Yinan Hu and Chief Financial Officer Peng Ge, indicated that they plan to increase personal shareholdings in Fanhua by purchasing $5 million in shares over the next 12 months.
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