SHANGHAI, Jan. 4, 2019 /PRNewswire/ -- Jupai Holdings
Limited ("Jupai" or the "Company") (NYSE: JP), a leading
third-party wealth management service provider focusing on
distributing wealth management products and providing quality
product advisory services to high-net-worth individuals in
China, today announced changes to the senior management team
and board of directors of the Company (the "Board").
Mr. Liang Li has resigned as the
chief operating officer ("COO") of the Company, effective
immediately, due to personal reasons.
Ms. Linda Wong has been appointed
as the COO and has resigned as the Company's independent director
and a member of the audit committee and nominating and corporate
governance committee, effective immediately.
Mr. Guoping Yang, who is
currently an independent director of the Company, has been
appointed as a member of the audit committee of the Board to
replace Ms. Wong, effective immediately.
Mr. Hongchao Zhu, who is
currently an independent director of the Company, has been
appointed as a member of the nominating and corporate governance
committee of the Board to replace Mr. Wong, effective
immediately.
Mr. Jianda Ni said, "We are
delighted that Ms. Wong has agreed to take on the role of Jupai's
chief operating officer. We have been working with Ms. Wong over
the past three years in her capacity as our independent director.
Ms. Wong is a pioneer in the consumer banking business in Mainland
China since 2001 with a proven track record in developing and
managing financial institutions. We strongly believe that Ms. Wong
will be a valuable addition to the management team and will help
Jupai realise its strategic plans. We would also like to thank Mr.
Li for his invaluable contribution to Jupai over the past six
years, and wish him all the best in his future endeavors."
Prior to becoming Jupai's COO, Ms. Wong had served as Jupai's
independent director since July 2015.
Ms. Wong has over 25 years of experience in the banking business,
and held leadership positions within top financial institutions
including DBS, ABN AMRO, Citibank
and Standard Chartered Bank. Over the past six years, Ms. Wong
built start-up fintech companies for PingAn Insurance Group as well
as Evergrande Group, and also provided consulting services to a P2P
platform and internet banking project.
Ms. Wong holds an International Investment Advisory Certificate.
She received her bachelor's degree in computing science and
statistics from University of Guelph,
Canada and a diploma in business management form Henley on Thames, UK in 1999.
About Jupai Holdings Limited
Jupai Holdings Limited ("Jupai") (NYSE: JP) is a leading
third-party wealth management service provider focusing on
distributing wealth management products and providing quality
product advisory services to high-net-worth individuals in
China. Jupai's comprehensive and personalized client service
and broad range of carefully selected third-party and
self-developed products have made it a trusted brand among its
clients. Jupai maintains extensive and targeted coverage of
China's high-net-worth
population.
For more information, please visit
http://jupai.investorroom.com.
SAFE HARBOR STATEMENT
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Among
other things, the business outlook and quotations from management
in this announcement, as well as Jupai's strategic and operational
plans, contain forward-looking statements. Jupai may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission, in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about Jupai's beliefs and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: the goals and strategies of the Company and the
Company's ability to manage its growth and implement its business
strategies; future business development, financial condition and
results of operations of the Company; condition of the wealth
management market in China and
internationally; the demand for and market acceptance of the
products the Company distributes; the Company's ability to maintain
and further grow its active high-net-worth client base and maintain
or increase the amount of investment by clients; developments in
relevant government policies and regulations relating to the
Company's industry and the Company's ability to comply with those
policies and regulations; the Company's ability to attract and
retain quality employees; the Company's ability to adapt to
potential uncertainties in China's
real estate industry and stay abreast of market trends and
technological advances; the results of the Company's investments in
research and development to enhance its product choices and service
offerings; general economic and business conditions in China; the Company's ability to protect its
reputation and enhance its brand recognition. Further information
regarding these and other risks is included in Jupai's filings with
the U.S. Securities and Exchange Commission. All information
provided in this press release and in the attachments is as of the
date of this press release, and Jupai does not undertake any
obligation to update any such information, including
forward-looking statements, as a result of new information, future
events or otherwise, except as required under applicable law.
Contacts:
Jupai Holdings Limited
Harry He
Director of Investor Relations
Jupai Holdings Limited
Phone: +86 (21) 6026 9129
Email: ir@jpinvestment.cn
Philip Lisio
The Foote Group
Email: Jupai-IR@thefootegroup.com
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SOURCE Jupai Holdings Limited