Highest Performances Holdings Inc. (NASDAQ: HPH) Increases Its Shareholding in Fanhua to 51.1%
07 Maggio 2024 - 11:50AM
Highest Performances Holdings Inc. (NASDAQ: HPH) (“HPH” or the
“Company”), today announced that it has increased its shareholding
in Fanhua Inc. (“Fanhua”), a leading technology-driven independent
financial service provider in China, from 50.1% to 51.1% as of May
6, 2024 by acquiring 565,000 American Depositary Shares of Fanhua
on Nasdaq.
Mr. Yinan Hu, Vice Chairman and CEO of HPH
commented, “We are pleased to witness the solid progress that
Fanhua has made in executing its various strategic initiatives,
further bolstering our confidence in its growth potential.
Considering that its current stock price does not fully reflect its
long-term value, we will continue to increase our shareholdings in
Fanhua and will continue to strongly support its development.”
About Highest Performances Holdings Inc.
(NASDAQ: HPH) HPH was founded in 2010 with the aim of
becoming a top provider of smart home and enterprise services. Its
mission is to improve the quality of life for families worldwide,
focusing on two main driving forces: "technological intelligence"
and "capital investments." HPH has a global strategic perspective
and identifies high-quality enterprises with global potential for
investment and operations. Its areas of focus include asset
allocation, education and study tours, cultural tours, sports
events, healthcare and elderly care and family governance.
HPH currently holds controlling interests in two
leading financial service providers in China, namely Fanhua Inc., a
technology-driven platform, and Fanhua Puyi Fund Distribution Co.,
Ltd., an independent wealth management service provider.
Additionally, HPH has signed an agreement to acquire controlling
interests in Singapore-based White Lingjun Pte. Ltd.
Highest Performances Holdings Inc., formerly
known as Puyi Inc., was renamed on March 13, 2024 to reflect its
strategic transformation.
About Fanhua (NASDAQ:
FANH)Established in Guangzhou in 1998 and listed on NASDAQ
in 2007 (Nasdaq: FANH), Fanhua is a leading independent financial
services provider in China with strong technology capabilities and
a commitment to empowering financial advisors and fostering
sustained value creation for customers.
Fanhua’s mission revolves around creating an
inclusive and collaborative platform for independent financial
advisors, as well as various insurance/financial sales
organizations, enabling its partners to optimize their practices by
offering them end-to-end business solutions spanning compliance,
technology, products, services, operations, capital flow, and
professional training. Leveraging advanced technology, artificial
intelligence, and data-driven insights, Fanhua is at the forefront
of revolutionizing financial services delivery, accelerating
digital transformation, and driving industry growth.
With a comprehensive approach to financial
services, we connect millions of Chinese families with various
financial institutions and service providers, offering a diverse
range of opportunities and personalized solutions for insurance
protection, retirement planning, health management, asset
management, and family governance services, covering the full
lifecycle of its customers’ needs.
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 HPH 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 HPH’s expectations discussed in the forward-looking
statements. These statements are subject to uncertainties and risks
including, but not limited to, the following: HPH’s ability to
obtain proceeds from the Agreement; HPH’s goals and strategies;
HPH’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 HPH serves and
assumptions underlying or related to any of the foregoing and other
risks contained in reports filed by HPH 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 HPH’s filings with the U.S. Securities and Exchange Commission,
which are available for review at www.sec.gov. HPH 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:
Highest Performances Holdings Inc.
Tel: +86-20-28866499
Email: ir@puyiwm.com
Grafico Azioni Highest Performances (NASDAQ:HPH)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Highest Performances (NASDAQ:HPH)
Storico
Da Dic 2023 a Dic 2024