Puyi Announces Significant Investment from White Group

February 2, 2024

https://www.globenewswire.com/news-release/2024/02/02/2822855/0/en/Puyi-Announces-Significant-Investment-from-White-Group.html

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.

Read more at globenewswire.com

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