Huize Holding Limited announced the appointment of Mr. Aaron Xiaolei Hou to the company's board of directors, effective on February 12, 2021. Mr. Hou will also serve as a member of the audit committee of the board, a member of the compensation committee of the board, and a member of the nominating and corporate governance committee of the board. Mr. Li Jiang, the Company’s Chief Operating Officer, will step down from his position as a director of the Company, effective from the same date, following which the majority of the company's board will be comprised of independent directors. Mr. Jiang will continue to serve as the Chief Operating Officer of the Company. Mr. Hou has nearly 20 years of risk management and capital markets experience. He founded China Springs Capital Co. Ltd. in October 2016, and currently serves as its Chief Executive Officer and Chief Investment Officer.