# EDGAR Filing Document

**Accession Number:** 0001413855
**File Stem:** 0001213900-25-070311
**Filing Date:** 2025-8
**Character Count:** 13232
**Document Hash:** 38bca91a792a1414c9cf951b39a691b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-070311.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0001213900-25-070311

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIFU Inc.
- **CENTRAL INDEX KEY:** 0001413855
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-83564
- **FILM NUMBER:** 251174117

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 60/F PEARL RIVER TOWER
- **STREET 2:** NO.15 WEST ZHUJIANG ROAD TIANHE DISTRICT
- **CITY:** GUANGZHOU
- **PROVINCE COUNTRY:** F4
- **BUSINESS PHONE:** (86-20) 8388 6888

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 60/F PEARL RIVER TOWER
- **STREET 2:** NO.15 WEST ZHUJIANG ROAD TIANHE DISTRICT
- **CITY:** GUANGZHOU
- **PROVINCE COUNTRY:** F4

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIX Inc.
- **DATE OF NAME CHANGE:** 20241105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FANHUA INC.
- **DATE OF NAME CHANGE:** 20161206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CNINSURE INC.
- **DATE OF NAME CHANGE:** 20071001
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ZHAO ILEANA
- **CENTRAL INDEX KEY:** 0002079549

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** RM 407, TOWER 2, HARBOUR CENTRE
- **STREET 2:** 8 HOK CHEUNG STREET, HUNGHOM, KOWLOON
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** K3
- **ZIP:** 00000

## Ex-1

**Exhibit 1**

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, each of the undersigned parties hereby agrees to file jointly the statement on Schedule 13G (including any amendments thereto) with respect to the Ordinary Shares, par value $0.4 per share, of AIFU Inc.

It is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of information concerning such party contained therein, but such party is not responsible for the completeness and accuracy of information concerning another party unless such party knows or has reason to believe such information is inaccurate. It is understood and agreed that a copy of this agreement shall be attached as an exhibit to the statement on Schedule 13G, and any amendments thereto, filed on behalf of the parties hereto.

This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

[Remainder of this page has been left intentionally blank.]

**Signature Page**

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of August 1, 2025

Date: August 1, 2025

---

| | | |
|:---|:---|:---|
| Vanguard First Limited | By: | /s/ Ileana Zhao |
|  | Name: | Ileana Zhao |
|  | Title: | Director |
| Ileana Zhao | By: | /s/ Ileana Zhao |
|  | Name: | Ileana Zhao |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** AIFU INC.

**Title of Class of Securities:** Class A ordinary share, par value $0.4 per share

**CUSIP Number:** G3314G110

**Date of Event Which Requires Filing of this Statement:** 07/23/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Vanguard First Limited | Names of Reporting Persons<br>Vanguard First Limited |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D8 | Citizenship or Place of Organization<br>D8 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>3100000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>3100000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3100000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3100000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>19.53% | Percent of Class Represented by Amount in Row (9)<br>19.53% |
| 12. | Type of Reporting Person (See Instructions)<br>CO | Type of Reporting Person (See Instructions)<br>CO |

**Comment for Type of Reporting Person:** Note to Row 5, 7, 9: Represents 3,100,000 Class A ordinary shares, par value $0.4 per share, of AIFU Inc. (the "Issuer") held by Vanguard First Limited. Vanguard First Limited is 100% owned by Ileana Zhao.

Note to Row 11: The percentage calculation is based on 15,870,271 ordinary shares, including 13,370,271 Class A ordinary shares and 2,500,000 Class B ordinary shares, of the Issuer outstanding as of July 23, 2025.

---

| 1. | Names of Reporting Persons<br>Ileana Zhao | Names of Reporting Persons<br>Ileana Zhao |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>S0 | Citizenship or Place of Organization<br>S0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>3100000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>3100000.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3100000.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>3100000.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>19.53% | Percent of Class Represented by Amount in Row (9)<br>19.53% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** Note to Row 5, 7, 9: Represents 3,100,000 Class A ordinary shares, par value $0.4 per share, of the Issuer held by Vanguard First Limited. Vanguard First Limited is 100% owned by Ileana Zhao.

Note to Row 11: The percentage calculation is based on 15,870,271 ordinary shares, including 13,370,271 Class A ordinary shares and 2,500,000 Class B ordinary shares, of the Issuer outstanding as of July 23, 2025.

---

**Item 1(a). Name of Issuer:**
AIFU INC.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
27F, Pearl River Tower, No. 15 West Zhujiang Road, Zhujiang New Town, Tianhe, Gua, F4 510623

**Item 2(a). Name of Person Filing:**
This Statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): i) Vanguard First Limited; and ii) Ileana Zhao.

**Item 2(b). Address of Principal Business Office:**
The address of Vanguard First Limited is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands and the address of Ileana Zhao is Room 407, Tower 2, Harbour Center, 8 Hok Cheung Street, Hunghom, Kowloon, Hong Kong.

**Item 2(c). Citizenship:**
Vanguard First Limited is a British Virgin Islands company. Ileana Zhao is a citizen of the Republic of Guinea-Bissau.

**Item 2(d). Title of Class of Securities:**
Class A ordinary share, par value $0.4 per share

**Item 2(e). CUSIP Number:**
G3314G110

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Vanguard First Limited: 3,100,000
Ileana Zhao: 3,100,000. Represents 3,100,000 Class A ordinary shares held by Vanguard which is wholly owned by Ms. Ileana Zhao.

**(b) Percent of class:**

The percentage of class of securities beneficially owned by each Reporting Person is calculated based on 15,870,271 ordinary shares, including 13,370,271 Class A ordinary shares and 2,500,000 Class B ordinary shares, of the Issuer outstanding as of July 23, 2025.
Vanguard First Limited: 19.53%
Ileana Zhao: 19.53%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Vanguard First Limited: 3,100,000
Ileana Zhao: 3,100,000
Percent of Aggregate Voting Power:
Vanguard First Limited: 1.18%
Ileana Zhao: 1.18%
For each Reporting Person, percentage of aggregate voting power is calculated by dividing the voting power beneficially owned by such Reporting Person by the voting power of all of the Issuer's Class A ordinary shares and Class B ordinary shares as a single class. Each Class A ordinary share is entitled to one (1) vote while each Class B ordinary share is entitled to one hundred (100) votes on any and all matters submitted for a vote.

**(ii) Shared power to vote or to direct the vote:**

0.00

**(iii) Sole power to dispose or to direct the disposition of:**

Vanguard First Limited: 3,100,000
Ileana Zhao: 3,100,000

**(iv) Shared power to dispose or to direct the disposition of:**

0.00

**Item 5. Ownership of Five Percent or Less of a Class.**

[ ] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Vanguard First Limited**

**Date:** 08/01/2025

**By:** /s/ Ileana Zhao

**Name & Title:** Ileana Zhao/Director

**Ileana Zhao**

**Date:** 08/01/2025

**By:** /s/ Ileana Zhao

**Name & Title:** Ileana Zhao