Puyi Announces Signing of First Supplementary Agreement to the Strategic Framework Agreement with White Group and Changes to Its Board and Management - Seite 2

Mr. Peh Chin Hua, born in 1947, is a Singaporean entrepreneur and former Member of Parliament for 13 years. With 29 years of active contributions to Singapore’s social and political service, he received the National Day Public Service Medal. After retiring from politics in 2001, Mr. Peh earned an Executive MBA from NUS. He was formerly Managing Director of Shinglee Book Holdings, the founder and Executive Chairman of Dragonland Group, a listed company in Singapore, and the Vice Chairman of TFC Bank Holdings in the United States and Chairman of NTUC Seacare Holding Ltd.

As the founder and Executive Chairman of Singapore White Group, Mr. Peh has led numerous large-scale projects in major Chinese cities, focusing on real estate. His ventures aim to create affordable housing, develop ecological cities, and contribute to economic growth in China. Additionally, White Group has been investing in artificial intelligence technology projects with international companies across the USA, China, Europe and Asia Pacific.

Mr. Peh Chin Hua, Chairman of Puyi, commented, “Puyi has shown great growth potential as it initiates a new phase of development. Puyi intends to explore future capital markets opportunities to increase its exposure to a broad investor base and accelerate its global expansion.”

Commenting on the strategic cooperation, Mr. Yinan Hu, Vice Chairman and Chief Executive Officer of Puyi, said, “I am very pleased to reach this agreement with White Group. The cooperation will accelerate our artificial intelligence development, enabling us to solidify and expand the depth and breadth of our services with the power of AI technology. Meanwhile, the engagement in prestigious international sports events will also contribute to elevating our brand recognition both domestically and globally, attracting a diverse and affluent audience, and fostering valuable connections for Puyi as a trusted wealth management service provider.”

“We are very honored to have Mr. Peh Chin Hua join us as the Chairman of Puyi. Mr. Peh’s joining marks a new phase for the Company,” Mr. Yinan Hu said. “With his decades of rich entrepreneurship and investment experience and strategic vision, we are confident that under his leadership, he will bring Highest Performances to Puyi.

“I am also deeply honored to serve as Vice Chairman and Chief Executive Officer. The long-term strategic visions of Puyi and FANHUA are highly aligned. I will spare no effort in driving the integration of both companies to realize our shared dream of building an internationally leading intelligent financial services platform. At the same time, I am very thankful to Mr. Ren for his immense contributions to Puyi’s development over the past few years, and I look forward to continuing to work with him in making Puyi a global leader in its new business partnership.”