CNinsure has announced that David Tang will resign from his position as CFO and vice president of the company, effective April 1, 2008.

Mr Tang joined CNinsure and was appointed CFO in February 2007. Peng Ge, currently vice president, general manager of the finance and accounting, and a director of the company, will assume the role of CFO.

Mr Ge has been CNinsure’s vice president and general manager of finance and accounting since 2005 and a director since August 2007. He is in charge of capital market, the management of accounting and internal control and operational planning.

Mr Ge holds master of business administration degree and bachelor degree in international accounting from the University of International Business and Economics, China.

Yinan Hu, chairman and CEO of CNinsurer, said: David has played an important role in our IPO. On behalf of the board, we would like to thank David for his contributions to the company and wish him every success in his future career.

Mr Ge has demonstrated a comprehensive understanding of financial and accounting matters since he joined the company in 1999. We are confident that his experience will further contribute to our future progress.