CNinsure Announces Pricing of Initial Public Offering on Nasdaq

CNinsure Announces Pricing of Initial Public Offering on Nasdaq

October 31, 2007

    GUANGZHOU, China, Oct. 31 /Xinhua-PRNewswire-FirstCall/
-- CNinsure Inc. (Nasdaq: CISG), a leading independent
insurance agency and brokerage company operating in China,
today announced that its initial public offering of
11,762,413 American Depositary Shares ("ADSs"),
each representing 20 ordinary shares of the company, was
priced at an initial public offering price of $16.00 per
ADS. The ADSs will begin trading on the Nasdaq Global
Market on October 31, 2007 under the symbol
"CISG."

    Of the 11,762,413 ADSs sold in the offering, 9,650,000
ADSs were sold by CNinsure, and 2,112,413 ADSs were sold by
selling shareholders. CNinsure has granted the underwriters
a 30-day option to purchase up to 1,764,360 additional ADSs
to cover over-allotments.

    Morgan Stanley & Co International plc acted as book
runner and lead manager. William Blair & Company L.L.C.,
Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC and Piper
Jaffray & Co. acted as co-managers for the offering.

    CNinsure's registration statement relating to these
securities has been declared effective by the United States
Securities and Exchange Commission. This news release does
not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein, nor shall
there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification
under the securities laws of any such state or
jurisdiction.

    The offering of the securities is made only by means of
a prospectus forming a part of the effective registration
statement. A copy of the prospectus relating to the
offering may be obtained by contacting Morgan Stanley &
Co. Incorporated by mail, Attn: Prospectus Department, 180
Varick Street, New York, NY 10014, or by email at
[e-mail].

    About CNinsure Inc.

    Cninsure Inc. (Nasdaq: CISG) is a leading independent
insurance agency and brokerage company operating in China.
CNinsure's distribution network reaches some 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-related services. 


    For investor and media inquiries, please contact:

    In China:

     Ms. Phoebe Meng
     IR Officer, CNinsure Inc. 
     Tel:     [phone] 
     Email:   [e-mail]

     Mrs. Helen Plummer
     Ogilvy Public Relations Worldwide (Beijing)
     Tel:     [phone]
     Email:   [e-mail]

    In the United States:

     Mr. Jeremy Bridgman
     Ogilvy Public Relations Worldwide (New York)
     Tel:     [phone]
     Email:   [e-mail]