Puyi Inc

Puyi, Inc. engages in the provision of distribution and managing wealth management services. The firm also offers financial asset allocation services including asset management services, insurance consulting services, and trust consulting services. The company was founded by Hai Feng Yu on August 6, 2018 and is headquartered in Guangzhou, China.

Highest Performances Holdings, Inc. engages in the provision of distribution and managing wealth management services. The firm also offers financial asset allocation services including asset management services, insurance consulting services, and trust consulting services. The company was founded by Hai Feng Yu on August 6, 2018, and is headquartered in Guangzhou, China.

GUANGZHOU, China, March 13, 2024 (GLOBE NEWSWIRE) -- Highest Performances Holdings Inc. (NASDAQ: HPH) (“Highest Performances” or the “Company”), a leading third-party wealth management services provider in China, today announced the results of its extraordinary general meeting of shareholders held in Guangzhou on March 13, 2024.

Puyi Inc. Announces Change of Its Name to Highest Performances Holdings Inc. and the Results of Its Extraordinary General Meeting of Shareholders on March 13, 2024

GUANGZHOU, China, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ: PUYI) (“Puyi” or the “Company”), a leading third-party wealth management services provider in China, today announces the signing of first supplementary agreement (the “Agreement”) with Singapore White Group Pte. Ltd. (“White Group”) to the framework strategic agreement previously disclosed on February 2, 2024. Pursuant to the Agreement, both parties agree to the following matters:

Puyi Announces Signing of First Supplementary Agreement to the Strategic Framework Agreement with White Group and Changes to Its Board and Management

GUANGZHOU, China, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ: PUYI) (“Puyi” or the “Company”), a leading third-party wealth management services provider in China, today announced the postponement of the previously scheduled extraordinary general meeting (“EGM”) at 10:00 a.m. on February 22, 2024 (Beijing time) to 10:00 a.m. on March 13, 2024 (Beijing time) (“March EGM”) and the updated proposed English name from Huapu Inc. to Highest Performances Holdings Inc. in a new notice of March EGM from the original notice of EGM dated February 5, 2024.

Puyi Inc. Announces the Postponement of the Extraordinary General Meeting

GUANGZHOU, China, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ: PUYI) (“Puyi” or the “Company”), a leading third-party wealth management services provider in China, today announced that it will amend the Notice for the Extraordinary General Meeting (the “EGM”) previously submitted on January 25, 2024 (the “Original EGM Notice”) related to the proposed Chinese Name to be resolved in the EGM. As the Company previously disclosed, the Company intends to host the EGM on February 22, 2024 to resolve on, among others, changes to the Company's English and Chinese name and its ticker symbol. Instead of “华普控股集团有限公司” previously proposed in the Original EGM Notice, the Company now proposes to change its Chinese name to “华普财富集团有限公司”.

Puyi Inc. Announces Amendment to the Proposed Chinese Name to Be Resolved at the Extraordinary General Meeting on February 22, 2024

GUANGZHOU, China, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ: PUYI) (“Puyi” or the “Company”), a leading third-party wealth management services provider in China, today announced that Puyi and Fanhua Inc. (“Fanhua”) entered into a framework agreement with Singapore White Group Pte. Ltd. (“White Group”). Pursuant to the framework agreement, White Group and its partners intend to invest up to US$500 million in Puyi and up to US$500 million in Fanhua. Both parties will proceed with finalizing the details of the agreement soon.

Puyi Announces Significant Investment from White Group

GUANGZHOU, China, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ: PUYI) (“Puyi” or the “Company”), a leading third-party wealth management services provider in China, today announced it will hold an extraordinary general meeting (“EGM”) of shareholders at its executive office at 61F, Pearl River Tower, No. 15 Zhujiang West Road, Zhujiang New Town, Tianhe, Guangzhou, Guangdong Province, People's Republic of China on February 22, 2024 at 10:00 a.m. (Beijing time). Holders of record of ordinary shares of the Company at the close of business on January 9, 2024 (New York time), or their proxy holders, are entitled to vote at the EGM or any adjournment or postponement thereof. Holders of the Company's American depositary shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company's ADS program, Deutsche Bank Trust Company Americas.

Puyi Inc. to Hold Extraordinary General Meeting On February 22, 2024

GUANGZHOU, China, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ: PUYI) (“Puyi” or the “Company”), a leading third-party wealth management services provider in China, today announced that Puyi and certain shareholders have reached share purchase agreements with New Dragon Group (Far East) Limited (“New Dragon”), an investment management company based in Hong Kong, on January 12, 2024. Pursuant to the agreements, New Dragon will invest approximately US$13 million to subscribe for 4,224,000 ordinary shares of Puyi (the “Subscribed Shares”) at an average price of approximately US$3.13 per ordinary share, or US$4.7 per ADS, equivalent to the average closing price over the 20 trading days prior to the signing date (the “Transaction”). Of the total Subscribed Shares, 2,004,000 ordinary shares will be newly issued by Puyi, and the remaining 2,220,000 ordinary shares will be existing shares from certain shareholders who are not directors or officers of the Company. Upon the completion of the Transaction, New Dragon will hold approximately 1.1% of Puyi's enlarged outstanding ordinary shares.

Puyi Announces Investment From New Dragon

GUANGZHOU, China, Dec. 27, 2023 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ: PUYI) (“Puyi”), a leading third-party wealth management services provider in China, today announced that it has entered into certain share exchange agreements with certain shareholders of Fanhua Inc. (“Fanhua,” NASDAQ: FANH), including Mr. Yinan Hu, co-chairman and CEO of FANHUA, certain executive officers of Fanhua, certain employees of Fanhua and certain other shareholders (collectively “Fanhua's Participating Shareholders”). The transaction is expected to close on December 29, 2023, subject to customary closing conditions.

Puyi Announces Share Exchange Transactions with Certain Shareholders of Fanhua

GUANGZHOU, China, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ: PUYI) (“Puyi”), a leading third-party wealth management services provider in China, today announced that it entered into a share repurchase agreement with Fanhua Inc. (“Fanhua”), pursuant to which Puyi intends to repurchase 4,033,600 ordinary shares of Puyi beneficially owned by Fanhua, representing 4.46% of Puyi's share capital (“Share Repurchase”). Concurrently, Puyi entered into a share transfer agreement with Fanhua, pursuant to which Fanhua, through its wholly-owned subsidiary in China, will acquire 15.41% of the equity interests in Fanhua Puyi Fund Sales Co., Ltd. (“Puyi Fund”), a wholly-owned subsidiary of Puyi, for a consideration consisting of the share repurchase price and a cash consideration of approximately RMB10.5 million (“Share Transfer,” collectively with the Share Repurchase, the “Transaction”). The Transaction is expected to be closed before December 31, 2023.

Puyi Announces to Repurchase 4.46% Stake from Fanhua

GUANGZHOU, China, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Puyi Inc. (NASDAQ: PUYI) (“Puyi,” “we” or the “Company”), a leading third-party wealth management services provider in China with a focus on the affluent and emerging middle class population, today announced that, with immediate effect, Ms. Yang Yuanfen (“Ms. Yang”), Vice President and Head of Finance Department of the Company, has been further appointed by the Company's board of directors (the “Board”) as the Chief Financial Officer of the Company (the “CFO”), filling the vacancy left by the resignation of Mr. Hu Anlin (“Mr. Hu”), the former CFO and Vice President and a director of the Company.

Puyi Inc. Announces Change of Directors and Senior Management

GUANGZHOU, China , Nov. 1, 2023 /PRNewswire/ -- Puyi Fund, a subsidiary of Puyi Group (NASDAQ: PUYI), and the leading Chinese research and development institution in asset management and wealth management, Puyi Standard, achieved strategic cooperation to comprehensively enhance the quality of investment research services. The parties will embark on empowering financial institutions with a full-service investment capability and creating a new ecosystem for investments in financial institutions.

Puyi Fund and Puyi Standard Achieved Strategic Cooperation to Create A New Investment Ecosystem For Financial Institutions

GUANGZHOU, China , Oct. 26, 2023 /PRNewswire/ -- As of October 25, 2023, the third-quarter report of mutual fund in mainland China has been disclosed. According to Wind data, over the past three years, the scale of the mutual fund market has maintained a steady increase, and currently reaching 27 trillion yuan.

Puyi Fund, A Subsidiary of Puyi Group (NASDAQ: PUYI), Leverages Its Excellent Resource Integration Capabilities to Create a Diversified Product Shelf System

GUANGZHOU, China, Oct. 24, 2023 /PRNewswire/ -- On October 23, 2023, Fanhua Puyi Family Office held a grand third-anniversary celebration at its Guangzhou headquarters. Puyi Group Chairman Yong Ren, Puyi Group Vice President Shuqiang Liu, Puyi Fund General Manager Jianhua Wang, Fanhua Puyi Family Office General Manager Lili Chen and Fanhua Puyi Family Office Deputy General Manager Mubin Lin, and other managements attended the event, celebrating the third anniversary of Fanhua Puyi Family Office together.

Fanhua Puyi Family Office, a subsidiary of Puyi Inc. (NASDAQ: PUYI), Celebrates Its Third Anniversary, With Cumulative Service Assets Exceeding 5 billion yuan

GUANGZHOU, China , Oct. 17, 2023 /PRNewswire/ -- PUYI Fund, a subsidiary of Puyi Inc. ("Puyi" or the "Company") (NASDAQ: PUYI), a renowned asset management company, and Ping An Bank Co., Ltd., a leading financial institution, recently announced that they have formally entered into a strategic cooperation, marking the beginning of a new chapter of all-round, multi-disciplinary, and deep-level cooperation between the two parties, which is of far-reaching significance for their synergistic development.

PUYI Fund, a subsidiary of Puyi Inc. (NASDAQ: PUYI), and Ping An Bank Co., Ltd. Have Entered Into Strategic Cooperation Agreement To Explore A New Model of Bank-Enterprise Collaboration

Puyi Inc. (NASDAQ:PUYI ) Q4 2023 Earnings Conference Call September 25, 2023 9:00 PM ET Company Participants Jing He - General Manager of Financial Reporting Department Yong Ren - Chairman and CEO Conference Call Participants Operator Ladies and gentlemen, welcome to Puyi Inc.'s Fiscal Year 2023 Earnings Conference Call. At this time all participants are in a listen-only mode.

Puyi Inc. (PUYI) Q4 2023 Earnings Call Transcript

GUANGZHOU, China, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Puyi Inc. (“Puyi” or the “Company”) (NASDAQ: PUYI), a leading third-party wealth management service provider in China focusing on affluent and emerging middle class population, today announced that it has filed its annual report on Form 20-F, which contains its audited financial statements for the fiscal year ended June 30, 2023 (“2023 Annual Report”), with the U.S. Securities and Exchange Commission (the “SEC”) on September 25, 2023. The 2023 Annual Report can be accessed on the SEC's website at https://www.sec.gov as well as on the Investor Relations page of the Company's website at https://ir.puyiwm.com/financial-information/SEC-filings. Hard copies of the 2023 Annual Report are available and free of charge to its shareholders upon request.

Puyi Inc. Files Fiscal Year 2023 Annual Report on Form 20-F with the SEC and Hosts Conference Call

GUANGZHOU, China, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Puyi Inc. (“Puyi” or the “Company”) (NASDAQ: PUYI), a leading third-party wealth management service provider in China focusing on affluent and emerging middle class population, today announced that it will release its audited financial results for the fiscal year ended June 30, 2023 on September 25, 2023.

Puyi Inc. to Announce Audited Financial Results For the Fiscal Year 2023 and Host Conference Call on September 25, 2023

Puyi Inc. (NASDAQ:PUYI ) Q2 2023 Earnings Conference Call March 20, 2023 9:00 PM ET Corporate Participants Jing He - General Manager of Financial Reporting Department Yong Ren - Chairman and Chief Executive Officer Anlin Hu - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, welcome to Puyi Inc.'s Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Puyi Inc. (PUYI) Q2 2023 Earnings Call Transcript

GUANGZHOU, China, March 20, 2023 (GLOBE NEWSWIRE) -- Puyi Inc. (“Puyi,” “we” or the “Company”) (NASDAQ: PUYI), a leading third-party wealth management service provider in China focusing on the affluent and emerging middle class population, today announced its unaudited financial results for the first half of its fiscal year 2023 from July 1, 2022 to December 31, 2022 (the “reporting period”).

Puyi Inc. Announces Unaudited Financial Results for the First Half of the Fiscal Year 2023

GUANGZHOU, China, March 10, 2023 (GLOBE NEWSWIRE) -- Puyi Inc. (“Puyi” or the “Company”) (NASDAQ: PUYI), a leading third-party wealth management service provider in China focusing on the affluent and emerging middle class population, today announced that it will release its unaudited financial results for the first half of its fiscal year 2023 ended December 31, 2022 on March 20, 2023.

Puyi Inc. to Announce Unaudited Financial Results For The First Half of The Fiscal Year 2023 and Host Conference Call on March 20, 2023

GUANGZHOU, China, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Puyi Inc. (“Puyi” or the “Company”) (NASDAQ: PUYI), a leading third-party wealth management service provider in China focusing on affluent and emerging middle class population, today announced the appointment of Mr. Youjie Kong (“Mr. Kong”) as the co-chairman of its board of directors (the “Board”) with immediate effect. The Board now has seven directors, of which three are independent directors.

Puyi Inc. Announces Appointment of Co-Chairman of the Board

Puyi Inc. (NASDAQ:PUYI ) Q4 2022 Earnings Conference Call October 11, 2022 9:00 PM ET Corporate Participants Jing He - General Manager of Financial Reporting Department Yong Ren - Chairman and Chief Executive Officer Anlin Hu - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, welcome to Puyi Inc.'s Fiscal Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Puyi Inc. (PUYI) Q4 2022 Earnings Call Transcript

GUANGZHOU, China, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Puyi Inc. (“Puyi” or the “Company”) (NASDAQ: PUYI), a leading third-party wealth management service provider in China focusing on affluent and emerging middle class population, today announced that it has filed its annual report on Form 20-F, which contains its audited financial statements for the fiscal year ended June 30, 2022 (“2022 Annual Report”), with the U.S. Securities and Exchange Commission (the “SEC”) on October 11, 2022. The 2022 Annual Report can be accessed on the SEC's website at https://www.sec.gov as well as on the Investor Relations page of the Company's website at https://ir.puyiwm.com/financial-information/SEC-filings. Hard copies of the 2022 Annual Report are available and free of charge to its shareholders upon request.

Puyi Inc. Files Fiscal Year 2022 Annual Report on Form 20-F with the SEC and Hosts Conference Call

GUANGZHOU, China, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Puyi Inc. (“Puyi” or the “Company”) (NASDAQ: PUYI), a leading third-party wealth management service provider in China focusing on affluent and emerging middle class population, today announced that it will release its audited financial results for the fiscal year ended June 30, 2022 on October 11, 2022.

Puyi Inc. to Announce Audited Financial Results For the Fiscal Year 2022 and Host Conference Call on October 11, 2022

GUANGZHOU, China, Sept. 19, 2022 (GLOBE NEWSWIRE) -- Puyi Inc. (“Puyi,” “we” or the “Company”) (NASDAQ: PUYI), a leading third-party wealth management service provider in China focusing on affluent and emerging middle class population, today announced that, with immediate effect, Mr. Yong Ren (“Mr. Ren”), chief executive officer of the Company, has been appointed by the Company's board of directors (the “Board”) as chairman of the Board, filling the vacancy left by the resignation of Mr. Haifeng Yu (“Mr. Yu”), the former chairman of the Board. As of today, the Board has six directors, including three independent directors.

News for Puyi Inc Stock (PUYI)