Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Hywin Holdings Ltd.

Rhea-AI Summary

Deutsche Bank has been appointed as the depositary bank for Hywin Holdings Ltd.'s NASDAQ-listed American Depositary Receipt (ADR) program. Hywin, a wealth management service provider in China, focuses on investment products and funds for capital raising. Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank, expressed confidence in enhancing Hywin's ADR visibility through tailored services. The ADR program, effective March 25, 2021, is part of Deutsche Bank's extensive offerings in global custody and depositary services.

Positive

• Appointment as depositary bank for Hywin’s NASDAQ-listed ADR program may enhance Deutsche Bank's market presence.
• Hywin's focus on wealth management and capital raising could drive future growth opportunities.

Negative

• None.

Deutsche Bank announced today its appointment as depositary bank for the NASDAQ-listed American Depositary Receipt program of Hywin Holdings Ltd.

Hywin (NASDAQ: HYW) is a wealth management service provider in China. Their primary services are wealth management, insurance brokerage, and asset management. Wealth management is currently their largest business segment. This unit markets and distributes investment products and funds that raise capital both privately and through public offerings.*

“We are pleased to be appointed as depositary bank for Hywin’s NASDAQ-listed Level III American Depositary Receipt program,” said Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank. “Our broad range of customized services will be used to assist Hywin in optimizing the visibility of its ADR program.”

In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

* This information was provided by Hywin Holdings Ltd. (March 2021).

Depositary Receipt Information
Country		China (Cayman Islands incorporated)
Custodian Bank		Deutsche Bank AG, Hong Kong Branch
Effective Date		March 25, 2021
Level III ADR
CUSIP		44951X 104
ISIN		US44951X1046
Symbol		HYW
Exchange		NASDAQ
Current Ratio		1 ADS: 2 Ordinary Shares
Eligibility		DTC

Depositary Receipt Contacts
Head of Depositary Receipts		New Business Development
Daniel Clark		William Ng
Tel: +1 212 250 3547		Tel: +852 2203 7889
www.adr.db.com		Markets Distribution
adr@db.com		London
		Tel: +44 (0) 20 7547 6500
gtb.db.com		New York
		Tel: +1 212 250 9100
		Hong Kong
		Tel: +852 2203 7854

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© March 2021 Deutsche Bank AG. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210330006083/en/

FAQ

What is the effective date of Deutsche Bank's appointment as depositary bank for Hywin Holdings Ltd.?

The effective date is March 25, 2021.

What services does Deutsche Bank provide for Hywin's ADR program?

Deutsche Bank will provide a range of customized services to optimize the visibility of Hywin's ADR program.

What does Hywin Holdings Ltd. focus on in its business?

Hywin focuses on wealth management, insurance brokerage, and asset management, with wealth management as its largest segment.

What is the stock symbol for Hywin Holdings Ltd.?

The stock symbol for Hywin Holdings Ltd. is HYW.

What type of ADR program is Hywin involved with?

Hywin is involved with a Level III American Depositary Receipt program.