GUANGZHOU, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company") today announced the results of its extraordinary general meeting of shareholders and separate class meeting of the holders of ordinary shares of the Company (the "Combined Meeting") held in Guangzhou on October 31, 2024. At the Combined Meeting, the shareholders passed the following resolutions to: (i) change the authorized share capital of the Company FROM US$2,000,000 divided into 2,000,000,000 shares consisting of (i) 1,950,000,000 Ordinary Shares of a nominal or par value of US$0.001 each (the "Ordinary Shares"); and (ii) 50,000,000 Preference Shares of a nomin

GUANGZHOU, China, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The board of directors (the "Board") of Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announces that the office of Mr. Peh Chin Hua as Director has been vacated, effective immediately. Following the foregoing changes, our board of directors consists of seven directors, three of which are independent directors. Our current directors as of the date of this press release are as follows: Name PositionHang Suong Nguyen Chairwoman of the BoardYinan Hu Vice-Chairman and Chief Executive OfficerYoujie Kong DirectorYong Ren DirectorLihong Zhai Independent Director and the Chairman of Audit CommitteeMin Zh

TGUANGZHOU, China, Oct. 09, 2024 (GLOBE NEWSWIRE) -- he board of directors (the "Board") of Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced a correction to its press release disseminated on October 1, 2024 which announced changes to the board of directors. The original statement regarding the professional experience of the newly appointed Chairperson is entirely replaced and changed to the following: "Since June 2023, Ms. Hang Suong Nguyen has served as the Vice President of WEALTH WILL LIMITED, overseeing operational strategies and driving the company's capital deployment and growth in multiple emerging markets. Prior to that, from late 2018 until

GUANGZHOU, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The board of directors (the "Board") of Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced the appointment of Ms. Hang Suong Nguyen ("Ms. Nguyen") as the new chairwoman of the Board, effective from September 30, 2024. Ms. Nguyen will succeed Mr. Chin Hua Peh, who will continue to serve as a director of the Company. Ms. Hang Suong Nguyen, Director and the Chairwoman of the Board Ms. Hang Suong Nguyen has over 10 years of investment management experience. Since October 2019, Ms. Nguyen has been serving as Deputy Director of International Investment Strategy at Voyager Labs Limited (Global Leader in A

GUANGZHOU, China, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced it will hold an extraordinary general meeting (the "EGM") of shareholders, being a simultaneous combined class meeting of the holders of ordinary shares of the Company, at its executive office at 61F, Pearl River Tower, No. 15 Zhujiang West Road, Zhujiang New Town, Tianhe, Guangzhou, Guangdong Province, People's Republic of China on October 31, 2024 at 10:30 a.m. (Beijing time) whereby, the holders of the ordinary shares of the Company will vote as shareholders and class holders of the ordinary shares of the Company. Holders of record of the Compan

GUANGZHOU, China, July 30, 2024 /PRNewswire/ -- The 13th CFS Finance Summit and Amazing 2024 Innovative Entrepreneur Festival concluded successfully in Beijing. Fanhua Puyi Fund Distribution Co., Ltd., ("Puyi Fund" or the "Company"), a subsidiary of Highest Performances Holdings Inc.(NASDAQ:HPH) ("HPH"), stood out among numerous participating institutions, winning the "2024 Outstanding Wealth Management Award" for its excellent wealth management capabilities and innovative service model. This honor not only acknowledges Puyi Fund's exceptional achievements in account service innovation over the past year but also signifies high expectations for its continued growth and positive contributions

GUANGZHOU, China, July 9, 2024 /PRNewswire/ -- Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced collaboration with Singapore White Group Pte. Ltd. ("White Group") in investing in several top-notch international sports events, including the following: Davis CupThe Davis Cup is a premier international team event in men's tennis. Organized by the International Tennis Federation (ITF), the Davis Cup began in 1900, making it the longest-running international team competition in tennis outside of the Olympic Games. The event spans several weeks throughout the year and is held at various locations worldwide, culminating each year in the crowning of a Davis

GUANGZHOU, China, July 09, 2024 (GLOBE NEWSWIRE) -- Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced collaboration with Singapore White Group Pte. Ltd. ("White Group") in investing in several top-notch international sports events, including the following: Davis Cup The Davis Cup is a premier international team event in men's tennis. Organized by the International Tennis Federation (ITF), the Davis Cup began in 1900, making it the longest-running international team competition in tennis outside of the Olympic Games. The event spans several weeks throughout the year and is held at various locations worldwide, culminating each year in the crowning of

GUANGZHOU, China, July 8, 2024 /PRNewswire/ -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the "Board") has recently approved the grant of share options to certain of its key employees. This move is part of the Company's strategy to incentivize key talent and align their interests with the long term success of the Company. In accordance with the Company's 2022 Share Inventive Plan, on July 2, 2024 the Board authorized the issuance of share options to purchase up to 6,900,000 American Depository Shares ("ADS") to 15 management team members of the Company's maj

GUANGZHOU, China, July 8, 2024 /PRNewswire/ -- Fanhua Inc. (NASDAQ:FANH) (the "Company" or "Fanhua"), a leading independent technology-driven financial services provider in China, today announced that its board of directors (the "Board") has authorized the expansion of the Company's share repurchase program by an additional US$20 million, bringing the total authorized amount of share repurchase to US$40 million. The share repurchase program was intended to enhance shareholder returns and signals the Company's confidence in its long-term growth prospects. As of June 30, 2024, approximately 726,616 American Depository Shares had been repurchased at an aggregate purchase price of approximately

TGUANGZHOU, China, Oct. 09, 2024 (GLOBE NEWSWIRE) -- he board of directors (the "Board") of Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced a correction to its press release disseminated on October 1, 2024 which announced changes to the board of directors. The original statement regarding the professional experience of the newly appointed Chairperson is entirely replaced and changed to the following: "Since June 2023, Ms. Hang Suong Nguyen has served as the Vice President of WEALTH WILL LIMITED, overseeing operational strategies and driving the company's capital deployment and growth in multiple emerging markets. Prior to that, from late 2018 until

GUANGZHOU, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The board of directors (the "Board") of Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced the appointment of Ms. Hang Suong Nguyen ("Ms. Nguyen") as the new chairwoman of the Board, effective from September 30, 2024. Ms. Nguyen will succeed Mr. Chin Hua Peh, who will continue to serve as a director of the Company. Ms. Hang Suong Nguyen, Director and the Chairwoman of the Board Ms. Hang Suong Nguyen has over 10 years of investment management experience. Since October 2019, Ms. Nguyen has been serving as Deputy Director of International Investment Strategy at Voyager Labs Limited (Global Leader in A

Key Takeaways: Fanhua’s board has doubled the size of a previous share repurchase program, while its top executives have also pledged to buy more of the company’s plunging shares The moves come as a plan to expand into new businesses with a Singaporean investor appears to have stalled By Warren Yang A decline in a company’s stock can have business implications beyond simply eroding shareholder value. One such case is online insurance broker Fanhua Inc. (NASDAQ:FANH), whose recently freefalling stock and market value seem to be throwing a spanner into a major tie-up with a Singaporean investor. That said, it’s no wonder the company is doubling down on efforts to stop the recent hemorrh

FINANCIAL RESULTS FOR THE FIRST HALF OF THE FISCAL YEAR 2024The Company obtained control of the Fanhua at the end of December 2023 upon the completion of the transfer of shares according to the written share exchange agreement and when effective control being operationally obtained. The Company started to consolidate Fanhua' s financial statement since December 31, 2023. The financial results for the first half of the fiscal year 2024 do not include any profits of Fanhua. The financial positions as of December 31, 2023 changed significantly mainly due to the acquisition of Fanhua, which also included preliminary purchase price allocation results.Net revenuesNet revenues for the first half of

Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), a leading provider of smart home and enterprise services, today announced that it has signed a third supplementary agreement to the strategic framework agreement previously entered into with Singapore White Group Pte. Ltd. ("White Group").HPH intends to provide full funding to Zhongxin International Sports Group Co, Limited ("Zhongxin"), a wholly-owned subsidiary of White Group, when bidding for intellectual property rights of sporting events and all profit generated from these sporting events will be attributed to HPH. Both parties have agreed that White Group will sell 26.5% equity interests of Zhongxin to HPH, while

Highest Performances Holdings Inc. (NASDAQ:HPH) ("HPH" or the "Company"), today announced that it has signed a share purchase agreement (the "Agreement") with GEM Global Yield LLC SCS ("GEM"), a Luxembourg-based private alternative investment group. Under the Agreement, HPH has the option to issue and sell up to a number of ordinary shares (as represented by and delivered as American depositary shares) with an aggregate value of US$500,000,000 (the "Aggregate Limit"). Subject to the terms and conditions of the Agreement, HPH may increase the Aggregate Limit up to US$1,000,000,000 at a later date by delivering prior written notice to GEM. The funds will be used to fuel the Company's AI develo