Hywin Holdings Ltd. American Depositary Shares - HYW STOCK NEWS

Hywin Holdings Ltd. (NASDAQ: HYW) has entered into share transfer and capital increase agreements to acquire a controlling interest in Beijing iLife3 Technology Co. Ltd, investing over RMB140 million. This strategic move aims to expand Hywin's footprint in China's growing health management market. The acquisition, expected to close by August 2022, positions Hywin as the first independent wealth manager in China to unify wealth and health services. The deal is projected to enhance revenue sources and strengthen client relationships through cross-selling opportunities.

Hywin Holdings Ltd. (NASDAQ: HYW) and FactSet have launched the FactSet Hywin Global Health Care Index, which includes 40 healthcare stocks from 19 exchanges. This index tracks major global healthcare companies, each with a market cap over USD 1 billion. It serves as a benchmark for investors, offering insights into investment opportunities in the healthcare sector.

Hywin aims to empower clients with a comprehensive understanding of the healthcare industry's dynamics and trends, particularly in the wake of the COVID-19 pandemic.

Hywin Holdings Ltd. (NASDAQ: HYW) announced the appointment of Mr. Vincent Chun Hung Chan as an independent non-executive director on June 27, 2022. Mr. Chan brings over 28 years of experience in private equity across Asia, having held significant roles at various prestigious firms, including Samena Capital and HSBC Equity Management. His extensive expertise aims to enhance the company's leadership and strategic direction in wealth management. Hywin focuses on asset allocation advisory services for high-net-worth clients, with wealth management being its largest segment.

Hywin Holdings has completed its 16th year as a global wealth manager and marks its first IPO anniversary. Despite a challenging year due to market turbulence and Covid-19, net revenues reached RMB 881 million, up 1.4% year-on-year. Client growth surged with a total of 134,656 clients, while active clients rose 22% to over 35,300. The company is diversifying through healthcare services, enhancing digital infrastructure, and improving corporate governance. Recognized as the 'Best Wealth Manager of Greater China 2022', Hywin remains committed to delivering value to clients and shareholders.

Hywin Holdings Ltd. (NASDAQ: HYW) announced an annual general meeting (AGM) on May 27, 2022, at the Hywin Financial Centre in Shanghai. No proposals will be submitted for approval; instead, the AGM will facilitate discussions between shareholders and management. The record date for attending the AGM is May 9, 2022. Shareholders and beneficial owners of American Depositary Shares (ADSs) are encouraged to attend. The company's annual report for the fiscal year ending June 30, 2021, is available on their investor relations website.

Hywin Holdings Ltd. (NASDAQ: HYW) will participate in the dbVIC - Deutsche Bank ADR Virtual Investor Conference on May 11, 2022, at 8:30 a.m. ET. The event allows investors to engage with the company’s CFO, Mr. Lawrence Lok, and Director of Investor Relations, Mr. Ryan Teng, through real-time Q&A sessions. The conference is free, and an archived webcast will be available post-event. Recently, Hywin was awarded Best Wealth Manager of Greater China 2022 and reported a 1.4% revenue increase to RMB881.3 million for the first half of FY2022.

Hywin Holdings Ltd. (NASDAQ: HYW), a leading wealth management service provider in China, recently concluded a 7-day trip to the U.S. led by CFO Lawrence Lok. The trip included a virtual panel discussion on insights from Warren Buffett at Berkshire Hathaway's annual meeting and an investor luncheon in New York, engaging with multi-family offices and hedge funds. Hywin also sponsored the Ninth Annual Family Wealth Report Awards, marking its influence as the first Asian wealth manager at the event. Lok emphasized Hywin's commitment to connecting Asian and global investors.