 SHENZHEN, China, Aug. 17, 2021 GLOBE NEWSWIRE -- Huize Holding Limited, Huize, the Company or we NASDAQ: HUIZ, a leading digital insurance product and service platform for new generation consumers in China, today announced that its Board of Directors the Board has approved the Management Share Purchase Plan, pursuant to which Mr. Cunjun Ma, the Companys Chairman of the Board and Chief Executive Officer, and certain other members of the Companys management team intend to allocate their personal funds to purchase up to an aggregate of US5 million worth of the Companys ADSs during a six-month period following today, pursuant and subject to applicable laws and the Companys securities trading policy. The management share purchase may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades andor through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The management team has agreed to be subject to lock-up restrictions for a period of six months with respect to the proposed purchased shares. 