Supplemental Submission Pursuant to Item 16I(a) of Form 20-F
Huize Holding Limited (the “Company”) is submitting via EDGAR the following information as required under Item 16I(a) of Form 20-F in relation to the Holding Foreign Companies Accountable Act (“HFCAA”).
In May 2022, the Company was conclusively identified by the U.S. Securities and Exchange Commission (the “SEC”) as a Commission-Identified Issuer pursuant to the HFCAA because it filed an annual report on Form 20-F for the year ended December 31, 2021 with the SEC on April 26, 2022 with an audit report issued by PricewaterhouseCoopers Zhong Tian LLP, a registered public accounting firm retained by the Company, for the preparation of the audit report on the Company’s financial statements included therein. PricewaterhouseCoopers Zhong Tian LLP is a registered public accounting firm headquartered in mainland China, a jurisdiction where the Public Company Accounting Oversight Board (the “PCAOB”) determined that it had been unable to inspect or investigate completely registered public accounting firms headquartered there until December 2022 when the PCAOB vacated its previous determination.
Huize Holding Limited is a company controlled by Mr. Cunjun Ma, who hold 76.8% of the Company’s aggregate voting power as of February 28, 2023. In response to Item 16I(a) of Form 20-F, based on the above and the following information, the Company believes it is not owned or controlled by a governmental entity in mainland China.
Based on an examination of the Company’s register of members and public filings made by its shareholders, to the Company’s best knowledge, other than Huidz Holding Limited, Crov Global Holding Limited, Wande Weirong Limited, CDF Capital Insurtech Limited and Bodyguard Holding Limited, no shareholder beneficially owned 5% or more of the Company’s total outstanding shares as of February 28, 2023.
| | • | | Huidz Holding Limited is a company incorporated in British Virgin Islands that is ultimately controlled by QYRT Family Trust, a trust established under the laws of the British Virgin Islands and managed by HSBC International Trustee Limited as the trustee. Mr. Cunjun Ma is the settlor of the trust and his family member(s) are the trust’s beneficiaries. As of February 28, 2023, Huidz Holding Limited beneficially owned 150,591,207 Class B common shares of the Company, representing 14.7% of the Company’s total outstanding shares and 72.1% of the Company’s aggregate voting power. |
| | • | | Crov Global Holding Limited is a company incorporated in the British Virgin Islands, and is wholly owned by Made-in-China.com LIMITED, which in turn is wholly owned by Focus Technology Co., Ltd., a company with its securities listed on Shenzhen Stock Exchange (stock code: 002315). Mr. Jinhua Shen is the controlling shareholder and chairperson of Focus Technology Co., Ltd. Crov Global Holding Limited beneficially owned 155,928,400 Class A common shares of the Company as of December 31, 2022, based on a Schedule 13G/A filed on February 9, 2023. Based on the total outstanding shares of the Company as of February 28, 2023 and assuming Crov Global Holding Limited’s shareholding does not change since December 31, 2022, Crov Global Holding Limited beneficially owned 15.2% of the Company’s total outstanding shares and held 5.0% of the Company’s aggregate voting power as of February 28, 2023. |
