updated 12/6/2010 3:45:43 PM ET 2010-12-06T20:45:43

GUANGZHOU, China, Dec. 6, 2010 (GLOBE NEWSWIRE) -- CNinsure Inc. (Nasdaq:CISG), (the "Company" or "CNinsure"), a leading independent insurance intermediary company operating in China, today issued statements of clarification relating to some misunderstandings on CNinsure's sales agent incentive program and CNinsure's relationship with Finestart Holding Limited ("Finestart"). To protect the Company's reputation, CNinsure hereby clarifies as follows:

Firstly, CNinsure reiterates that the so-called share incentive certificate of CNinsure is nothing but scorecard for points. The Company has never published any presentation on share incentive certificate. Any publication that describes CNinsure's scorecard system as share incentive is not in conformity with fact.

Secondly, Finestart is an affiliated entity of Chengdu Jingshi Investment Co., Ltd.. Finestart does not have any interest or economic ties with CNinsure.

Thirdly, as of December 3, 2010, the management of CNinsure has purchased an aggregate of 100,000 ADS at an average price of $20.5603 in the open market since November 24, 2010. A full copy of the trade confirmation will be available at: http://media.globenewswire.com/cache/13433/file/9192.pdf

About CNinsure Inc.

CNinsure is a leading independent insurance intermediary company operating in China. CNinsure's distribution network reaches many of China's most economically developed regions and affluent cities. The Company distributes a wide variety of property and casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China, and provides insurance claims adjusting as well as other insurance-related services.

Forward-looking Statements

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "intends," "estimates" and similar statements. Among other things, the management's quotations and the Business Outlook section contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about CNinsure and the industry. Potential risks and uncertainties include, but are not limited to, those relating to CNinsure's limited operating history, especially its limited experience in selling life insurance products, its ability to attract and retain productive agents, especially entrepreneurial agents, its ability to maintain existing and develop new business relationships with insurance companies, its ability to execute its growth strategy, its ability to adapt to the evolving regulatory environment in the Chinese insurance industry, its ability to compete effectively against its competitors, quarterly variations in its operating results caused by factors beyond its control and macroeconomic conditions in China and their potential impact on the sales of insurance products. All information provided in this press release is as of December 6, 2010, and CNinsure undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although CNinsure believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by CNinsure is included in CNinsure's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.

CONTACT:  CNinsure Inc.
          Oasis Qiu, Investor Relations Manager
          +86-20-61222777x850
          qiusr@cninsure.net

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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