TIAN RUIXIANG Holdings Ltd Signs Insurance Brokerage Services Agreement for Cooperation in Cancer Prevention Insurance

Rhea-AI Summary

TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) announced its collaboration with Zhongkang Yiyang Health Technology Co., Ltd to launch the "Zhongkang Huimin Cancer Prevention Insurance". This specialty health insurance product will target cancer prevention and treatment for residents in Mainland China and will be underwritten by a major Chinese insurance firm. The initiative is part of the "China Cancer Prevention Public Welfare Project" organized by the China Anti-Aging Promotion Association.

Positive

• Launch of specialized cancer prevention insurance, addressing a significant health issue.
• Collaboration with a reputable technology and health management company, enhancing credibility.
• Participation in a public welfare project, potentially improving brand reputation and community trust.

Negative

• None.

BEIJING, May 26, 2021 /PRNewswire/ -- TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the "Company"), a China-based insurance broker, announces today that it has been commissioned by Zhongkang Yiyang (Beijing) Health Technology Co., Ltd.("Zhongkang"), a company providing technology and health management related services, to develop and launch the "Zhongkang Huimin Cancer Prevention Insurance", a specialty health insurance product relating to cancer prevention and treatment to be offered to residents in Mainland China. The "Zhongkang Huimin Cancer Prevention Insurance" will be underwritten by a large Chinese insurance company.

Zhongkang is authorized to provide marketing, promotion, and other services for activities relating to the "China Cancer Prevention Public Welfare Project" organized by the China Anti-Aging Promotion Association, a non-profit organization registered with the Chinese Ministry of Civil Affairs. The launch of the Zhongkang Huimin Cancer Prevention Insurance is one of the major initiatives under the "China Cancer Prevention Public Welfare Project". 

About TIAN RUIXIANG Holdings Ltd

TIAN RUIXIANG Holdings Ltd, headquartered in Beijing, China, is an insurance broker operating in China. It distributes a wide range of insurance products, which are categorized into two major groups: (1) property and casualty insurance, such as automobile insurance, commercial property insurance, liability insurance; and (2) life insurance, such as individual and group life insurances. For more information, visit the company's website at http://ir.tianrx.com/.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.

For more information, please contact:

Sherry Zheng
Weitian Group LLC
Phone: 718-213-7386
Email: shunyu.zheng@weitian-ir.com

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SOURCE TIAN RUIXIANG Holdings Ltd

FAQ

What is the Zhongkang Huimin Cancer Prevention Insurance?

It's a specialty health insurance product focusing on cancer prevention and treatment, launched by TIAN RUIXIANG Holdings in collaboration with Zhongkang Yiyang.

When was the cancer prevention insurance announced?

The announcement was made on May 26, 2021.

Who is underwriting the Zhongkang Huimin Cancer Prevention Insurance?

The insurance will be underwritten by a large Chinese insurance company.

What company is TIRX collaborating with for the new insurance product?

TIAN RUIXIANG is collaborating with Zhongkang Yiyang Health Technology Co., Ltd.

What role does the China Anti-Aging Promotion Association play in this initiative?

They organize the "China Cancer Prevention Public Welfare Project", under which the new insurance product will be launched.