AIFU Inc. has announced the completion of its acquisition of Waltz Investment Holding Ltd., a strategic move that could significantly bolster its operations in the insurance sector. The transaction, valued at approximately RMB300 million, involves both a share issuance and a cash payment, marking a pivotal moment for the company.

On November 6, 2026, AIFU finalized the share issuance to Ballet Holding Ltd., Timber Management Limited, Modern Holding Ltd., and Sunrise Capital Partners Ltd., collectively known as the Sellers. This acquisition grants AIFU 100% equity interest in Waltz Investment, which indirectly owns a 99% stake in Shenzhen Waltz New Material Applied Technology Co., Ltd., a company specializing in functional film applications and development services.

This acquisition is particularly significant for AIFU as it seeks to expand its service offerings and enhance its competitive edge in the insurance agents, brokers, and services industry, classified under SIC 6411. The deal reflects AIFU's commitment to growth and innovation within a highly competitive market.

Background

AIFU Inc., with the ticker symbol AIFU, is listed on the Nasdaq and operates in the insurance agents, brokers, and services sector. The company has undergone several name changes in its history, previously known as AIX Inc. and Fanhua Inc. AIFU's recent filings indicate a proactive approach to expanding its business through strategic acquisitions.

What the Filing Says

According to the recent SEC filing (accession number 0001213900-26-116638), the total consideration for the acquisition consists of 11,203,443 Class A ordinary shares issued at an issue price of $3.00 per share, along with a cash payment of $11 million to Modern, payable within 365 days following the closing of the transaction.

As of the closing date, AIFU has issued a total of 72,379,191 ordinary shares, which includes 62,129,191 Class A shares and 10,250,000 Class B shares. The Sellers will hold approximately 15.48% of the total issued shares and about 1.03% of the total voting power of the company.

Impact

This acquisition may significantly impact AIFU's operations and market presence. By integrating Waltz Investment and its subsidiaries, AIFU aims to enhance its capabilities in providing innovative insurance solutions. The deal could also affect competitors in the insurance sector as AIFU strengthens its position and potentially expands its service offerings.

What's Next

The filing does not specify what happens next following the completion of this acquisition. However, the integration of Waltz Investment into AIFU's operations will likely be a focus moving forward, as the company seeks to leverage its new assets to drive growth and innovation.