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HYW

HYW US Stock
$7.9
Open: $7.1 High: $7.1 Low: $6.31 Close: $6.39
Range: 2021-04-19 - 2021-04-20
Volume: 36,578
Market: Extended-hours
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HYW
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HYW News
Latest news about the HYW
  • Hywin Holdings Announces Two Wins at WealthBriefingAsia Greater China Awards 2021

    Hywin: from China to the World Hywin Wealth CEO Madame Wang Dian rings a gong at a ceremony in Shanghai to celebrate the company’s NASDAQ listing, March 26, 2021. Hywin Wealth CEO Madame Wang Dian rings a gong at a ceremony in Shanghai to celebrate the company’s NASDAQ listing, March 26, 2021 SHANGHAI, China, April 19, 2021 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. (“Hywin Wealth” or the “Company”, NASDAQ: HYW), a leading independent wealth manager in China, today announced that it was voted “Best Wealth Manager of Greater China 2021” at the WealthBriefingAsia Greater China Awards 2021. In addition, Hywin Wealth’s CEO Madame Wang Dian won the award of “Best CEO in Greater China Wealth Management 2021.” This year’s awards reflect the Company’s continued growth and outsized impact on the wealth management industry in Greater China, as well as Madame Wang’s leadership achievements. The recipient of the “Best Wealth Manager of Greater China” is selected by a panel of judges to recognize a company that demonstrates strategic vision, high quality growth, unwavering commitment to excellence, and dedication to creating shareholder value. The award of “Best CEO in Greater China Wealth Management” honors a top executive that demonstrates outstanding leadership in the industry and champions impactful social causes. “It’s an honor to be selected by WealthBriefingAsia this year, and we’re pleased that our efforts continue to be recognized by our industry peers,” Madame Wang said. “Our recent IPO marked the start of a new era for the company, and we hope to capitalize on growing demand for independent wealth management services in Greater China, which is the second-largest wealth market in the world.” Madame Wang recently led the Company to a successful public listing on the NASDAQ stock exchange, which took place on March 26, 2021. Hywin Wealth plans to use the proceeds to further invest in its wealth management and asset management businesses, as well as further its strategy of using technology to improve intelligence and efficiency within its operations. Madame Wang has also shepherded Hywin Wealth through major international expansion efforts, which began in 2014 and recently reached a milestone with the inking of a major partnership with Liechtenstein-based VP Bank AG. These efforts have been designed to provide the Company’s Chinese HNWI clients with more sophisticated offshore products and services. Hywin Wealth operates its international business through a large presence in Hong Kong SAR, and plans to expand in major financial centers such as New York, London, and Singapore going forward. At last year’s WealthBriefingAsia Greater China Awards, Hywin Wealth won the prize for “Best Wealth Manager of Greater China Families,” which reflected the Company’s expertise in serving UHNW families across their lifecycles. Additionally, last year Madame Wang Dian won the award of “Woman of the Year in Greater China Wealth Management,” which not only recognized her as a shining star in the industry, but also pointed to her tireless championship of female entrepreneurship and women’s progress in the professional world. About Hywin Holdings Ltd. Hywin Holdings Ltd. (NASDAQ: HYW) is a leading independent wealth management service provider in China, with a 7.5% market share in terms of 2019 transaction value, according to CIC. Our primary services are wealth management, insurance brokerage, and asset management. Wealth management is currently our largest business segment, in which our onshore and offshore solution platform serves clients across generations. For more information, please visit https://ir.hywinwealth.com/ Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements pursuant to 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 “anticipate,” “estimate,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For Media Inquiries Please Contact: Media contact: ICR, Inc.Ker ZhengPhone: +86 139-2280-3249Email: HywinPR@icrinc.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fcef3a13-bf6d-4cbd-a547-1527d8dcc044

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  • Hywin Holdings Ltd. Announces Closing of Initial Public Offering

    SHANGHAI, China, March 31, 2021 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. (“Hywin” or the “Company”) (NASDAQ: HYW), the third largest third-party wealth management service provider in China, today announced the closing of its previously announced initial public offering of 3,000,000 American Depositary Shares (the “ADSs”), at US$10.00 per ADS. Each ADS represents two Class A ordinary shares of the Company. The Company raised a total of US$30 million in gross proceeds from the IPO, before deducting underwriting discounts and commissions as well as other estimated offering expenses. Network 1 Financial Securities Inc., Alexander Capital L.P. and Valuable Capital Limited are acting as bookrunners of the offering. A registration statement related to these securities was filed with the United States Securities and Exchange Commission and became effective on March 25, 2021. This offering is being made only by means of a prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting Network 1 Financial Securities Inc. at 2 Bridge Avenue, Suite 241, Red Bank, NJ 07701, by email: jsun@netw1.com, or by telephone: +1 (800)-886-7007. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Hywin Holdings Ltd. Hywin (NASDAQ: HYW) is the third largest third-party wealth management service provider in China, with a 7.5% market share in terms of 2019 transaction value, according to CIC. Our primary services are wealth management, insurance brokerage, and asset management. Wealth management is currently our largest business segment, in which our onshore and offshore solution platform serves clients across generations. This unit markets and distributes investment products and funds that raise capital both privately and through public offerings. For more information, please visit https://ir.hywinwealth.com/ Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements pursuant to 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 “anticipate,” “estimate,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For Investor and Media Inquiries Please Contact: Investor Contact: Hywin Holdings Ltd.Ms. Jiawei ShenPhone: +86 21-8013-3992Email: ir@chyjr.com The Blueshirt GroupMs. Julia QianPhone: +1 973-619-3227Email: Julia@blueshirtgroup.com Media contact: ICR, Inc.Mr. Ker ZhengPhone: +86 139-2280-3249Email: HywinPR@icrinc.com

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  • Hywin Holdings Ltd. Announces Pricing of Initial Public Offering

    SHANGHAI, China, March 26, 2021 (GLOBE NEWSWIRE) -- Hywin Holdings Ltd. (“Hywin” or the “Company”) (NASDAQ: HYW), the third largest third-party wealth management service provider in China, today announced the pricing of its initial public offering of 3,000,000 American Depositary Shares (“ADSs”), at US$10.00 per ADS. Each ADS represents two Class A ordinary shares of the Company. The ADSs are expected to begin trading on the NASDAQ Global Market on March 26, 2021 under the ticker symbol “HYW.” The offering is expected to close on March 30, 2021, subject to customary closing conditions. The Company has granted the underwriters an option, exercisable within 45 days from the date of the final prospectus, to purchase up to an aggregate of 450,000 additional ADSs. The gross proceeds from the offering to the Company, before deducting underwriting discounts and commissions and other offering expenses payable by the Company, are expected to be approximately $30 million, excluding any exercise of the underwriters' option to purchase additional shares. Network 1 Financial Securities Inc., Alexander Capital L.P. and Valuable Capital Limited are acting as bookrunners of the offering. A registration statement related to these securities was filed with the United States Securities and Exchange Commission and became effective on March 25, 2021. This offering is being made only by means of a prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting Network 1 Financial Securities Inc. at 2 Bridge Avenue, Suite 241, Red Bank, NJ 07701, by email: jsun@netw1.com, or by telephone: +1 (800)-886-7007. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Hywin Holdings Ltd. Hywin (NASDAQ: HYW) is the third largest third-party wealth management service provider in China, with a 7.5% market share in terms of 2019 transaction value, according to CIC. Our primary services are wealth management, insurance brokerage, and asset management. Wealth management is currently our largest business segment, in which our onshore and offshore solution platform serves clients across generations. This unit markets and distributes investment products and funds that raise capital both privately and through public offerings. For more information, please visit https://ir.hywinwealth.com/ Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements pursuant to 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 “anticipate,” “estimate,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For Investor and Media Inquiries Please Contact: Investor Contact: Hywin Holdings Ltd.Ms. Jiawei ShenPhone: +86 21-8013-3992Email: ir@chyjr.com The Blueshirt GroupMs. Julia QianPhone: +1 973-619-3227Email: Julia@blueshirtgroup.com Media contact: ICR, Inc.Mr. Ker ZhengPhone: +86 139-2280-3249Email: HywinPR@icrinc.com

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