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

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”.

These changes are intended to reflect the Company’s current business direction as it is committed to becoming a leading third-party wealth management services provider, and to providing high-quality, diversified financial products and services for our clients and offering a one-stop support platform for financial advisors.

Updated copies of the notice of the EGM and voting instruction card for the holders of the Company’s American depositary shares are available on the Investor Relations section of the Company's website at https://ir.puyiwm.com/.

About Puyi

Established in 2010 and listed on Nasdaq in 2019, Puyi is a comprehensive financial technology service group based on family financial asset allocation. It focuses on providing personalized wealth management services for emerging middle-class and affluent families, comprehensive support services for financial planners, and diversified financial services for institutional clients.

Puyi Fund Sales Co., Ltd., a PRC entity contractually controlled by Puyi, holds licenses for both securities and futures business and fund distribution. Puyi has developed an industry-leading digital technology platform, which supports end-to-end transactions for over 9000 fund products offered by over 110 fund companies nationwide, as well as proprietary portfolios of publicly raised fund products on a dollar-cost averaging basis. Additionally, Puyi offers a comprehensive service ecosystem tailored for high-net-worth clients, including insurance brokerage services, trust consulting services, tax services, legal advisory services, as well as overseas asset allocation and education consulting services.

Forward-looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When Puyi uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from Puyi’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: Puyi’s goals and strategies; Puyi’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the third-party wealth management industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and the international markets Puyi serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by Puyi with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in Puyi’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. Puyi undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:
Puyi Inc.
Tel: +86-20-28866499
Email: ir@puyiwm.com