SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2020
Commission File Number: 001-39216
Huize Holding Limited
Shenzhen Animation Park, Yuehai Road, Nanhai Avenue,
Nanshan District, Shenzhen 518052
Peoples Republic of China
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
|99.1||Press ReleaseHuize Holding Limited Announces Partial Exercise of Over-Allotment Option in Initial Public Offering|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|Title:||Co-Chief Financial Officer|
Date: March 11, 2020
Huize Holding Limited Announces Partial Exercise of Over-Allotment Option in Initial Public Offering
SHENZHEN, China, March 10, 2020 Huize Holding Limited (Huize or the Company, NASDAQ: HUIZ), a leading independent online insurance product and service platform in China, today announced that the underwriters of the Companys initial public offering (the IPO) have exercised in part their over-allotment option to purchase an additional 72,453 American Depositary Shares (ADSs) of the Company at the IPO price of US$10.50 per ADS. Each one (1) ADS represents twenty (20) Class A Common Shares of the Company.
After giving effect to the exercise of the over-allotment option, Huize has issued and sold a total of 5,322,453 ADSs in the IPO, for total gross proceeds of approximately US$55.9 million.
Citigroup Global Markets Inc., China International Capital Corporation Hong Kong Securities Limited, Tiger Brokers (NZ) Limited and Valuable Capital Limited are acting as underwriters for the offering.
A registration statement related to the Companys IPO has been filed with the U.S. Securities and Exchange Commission (the SEC), and was declared effective on February 11, 2020. The offering is made only by means of a prospectus forming a part of the effective registration statement. the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc.at +1-800-831-9146, or China International Capital Corporation Hong Kong Securities Limited at +852-2872-2000.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Huize Holding Limited
Huize Holding Limited is a leading independent online insurance product and service platform in China. Targeting the younger generation, Huize is dedicated to serving its insurance clients for their life-long insurance needs. Leveraging its online platform, Huize offers a wide variety of insurance products with a focus on long-term life and health insurance products, which are particularly suitable for its clients. Huize provides insurance clients with high-quality client services, including suitable product recommendations, consulting service, intelligent underwriting and assistance in claim application and settlement, which significantly improve transaction experience. Huize cooperates with the insurance companies that underwrite insurance products offered on its platform, and helps the insurance companies increase insurance sales, improve efficiency and unlock their profit potential. According to the Oliver Wyman Report, Huize was the largest independent online long-term life and health insurance product and service platform in China as measured by GWP facilitated in 2018.
Investor Relations Contact
Huize Holding Limited
Ms. Tracey Chow, CFO