GUANGZHOU, China, Nov. 25, 2024 — Highest Performances Holdings Inc. (NASDAQ: HPH) announced today that Mr. Youjie Kong has resigned from its board of directors, effective November 25, 2024, citing personal reasons.

HPH stated that Mr. Kong’s resignation wasn’t due to any disagreements regarding the company’s operations, policies, or practices. The company expressed gratitude for Mr. Kong’s service.

About HPH

Established in 2010 as Puyi Inc., the company has transformed into a leading provider of intelligent, technology-driven services for families and businesses. Its mission is to improve global family well-being through technological advancements and strategic investments. HPH focuses on investing in high-potential global enterprises across sectors including asset allocation, education and study tours, healthcare and elder care, and family governance.

The company holds controlling interests in two major Chinese financial service providers: AIX Inc., a Nasdaq-listed tech-driven independent financial services platform, and Puyi Fund Distribution Co., Ltd., an independent wealth management firm.

Highest Performances Holdings Inc., formerly Puyi Inc., adopted its current name on March 13, 2024, reflecting its strategic shift.

Forward-looking Statements
This release includes forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995. These statements, which don’t relate solely to past events, cover plans, objectives, strategies, future performance, and underlying assumptions. The use of terms like “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” and “estimate” indicates forward-looking statements. Such statements aren’t guarantees of future results and involve risks that could cause actual outcomes to differ significantly from expectations. These risks include, but aren’t limited to, HPH’s ability to secure Agreement proceeds; its goals and strategies; future business development; product and service demand; technological changes; economic conditions; growth of China’s third-party wealth management industry; reputation and brand; competition and pricing; government regulations; and economic fluctuations in China and international markets. Investors should not place undue reliance on these forward-looking statements. Additional details are in HPH’s SEC filings, accessible at . HPH assumes no obligation to update these statements.

Highest Performances Holdings Inc.

CONTACT: For more information, please contact:

Highest Performances Holdings Inc.
Tel: +86-20-28866499
Email: ir@puyiwm.com