TIAN RUIXIANG Holdings Ltd

• China
• TIAN RUIXIANG Holdings Ltd
• Finance

TIRX

 We are an insurance broker operating in China through our VIE, TRX ZJ, and its PRC subsidiaries. We distribute a wide range of insurance products, which are categorized into two major groups: (1) property and casualty insurance, such as automobile insurance, commercial property insurance, liability insurance; and (2) life insurance, such as individual and group life insurances. We act on behalf of our customers seeking insurance coverage from insurance companies and take pride in our premium customer service.

 As an insurance broker, we do not assume underwriting risks. Instead, we distribute insurance products underwritten by insurance companies operating in China to our individual or institutional customers. We are compensated for our services by commissions paid by insurance companies, typically based on a percentage of the premium paid by the insured. Commission and fee rates generally depend on the type of insurance products, the particular insurance company and the region in which the products are sold. As of the date of this prospectus, we have relationships with over 40 insurance companies in the PRC, and therefore are able to offer a variety of insurance products to our customers. For the fiscal year ended October 31, 2018, 63% of our total commissions were attributed to our top five insurance company partners, and two companies, Sunshine Property Insurance Co. Ltd.’s Hangzhou Branch and Ping An Property Insurance of China Incorporated Company’s Zhejiang Branch, accounted for 32% and 13.9%, respectively, of our total commissions. For the six months ended Aril 31, 2019, 79.9% of our total commissions were attributed to our top five insurance company partners, and two companies, Sunshine Property Insurance Co. Ltd.’s Hangzhou Branch and Picc Beijing Branch, accounted for 29.4% and 24%, respectively, of our total commissions.

China's independent insurance intermediary market is experiencing rapid growth due to increasing demands for insurance products by the Chinese population. We intend to grow our company by aggressively recruiting talents to join our professional team and sales force, expanding our distribution network through opening more local branches in a number of selective major cities throughout China, and offering premium products and services, such as our new Institutional Risk Management Services and Internet insurance distribution platform, Needbao, both designed to achieve superior customer satisfaction. Our goal is to grow from having eight branches located in the cities of Xi'an, Qingdao, and Beijing, Changsha, Wuhan, Taiyuan, Nanjing and Chongqing, as of the date of this prospectus, to having more than ten branches throughout the PRC by early 2020, to eventually become a leading national insurance intermediary company.

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