Hywin Holdings Appoints Former Citigroup Investment Banker as Chief Financial Officer

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Appointment further reinforces Hywin’s commitment to international standards of corporate governance and shareholder value following successful IPO and NASDAQ listing

SHANGHAI, China, August 12, 2021 (GLOBE NEWSWIRE) – Hywin Holdings Ltd. (“Hywin Wealth”, “Hywin” or the “Company”, NASDAQ: HYW), a leading provider of wealth management services in China, today announced that its board of directors has approved the appointment Mr. Wai Lok (Lawrence) as Chief Financial Officer, effective August 12, 2021, as the company strengthens its commitment to international standards of corporate governance and shareholder value following its initial public offering (IPO) successful and its NASDAQ listing in March.

Meanwhile, Mr. Zhou Huichuan, the former CFO, will assume the role of vice president of strategic projects and lead impactful initiatives.

Prior to joining Hywin, Mr. Lok was a senior investment banker at Citigroup. Mr. Lok had over 15 years of professional investment banking experience in the United States and Hong Kong SAR. In this role, Mr. Lok has led IPOs, private fundraising, mergers and acquisitions and other major transactions for leading TMT companies and financial services groups in China and beyond. regions of Asia, and advised clients on their growth strategies and transformation initiatives. Mr. Lok graduated from the University of California at Berkeley with a bachelor’s degree in economics and a bachelor’s degree in business administration.

“We are delighted to welcome Mr. Lok as the new CFO,” said Ms. Wang Dian, Managing Director of Hywin Holdings. Mr. Lok will use his strong capital markets expertise to strengthen our business strategy focused on shareholder value and broaden our conversations with the international investment community. Mr. Lok’s experience in mergers and acquisitions will also be useful to the pursuit of Hywin’s growth through both organic and inorganic pathways.

“Mr. Zhou Huichuan has been instrumental in the rapid growth of Hywin over the past few years, and he will continue his career with Hywin and support the company’s priority initiatives,” Ms. Wang added.

Mr. Lok said, “It is a great privilege to join Hywin to bring my expertise at a time of significant opportunity for the company, as high net worth Chinese clients increasingly look to wealth managers who offer independent advice and tailor-made solutions. I look forward to working with such a talented team to unlock strategic value for our clients and shareholders. ”

About Hywin Holdings Ltd.

Hywin (NASDAQ: HYW) is the third largest independent wealth management service provider in China, with a 7.5% market share in terms of transaction value in 2019, according to China Insights Consultancy. The main services of the Company are wealth management, insurance brokerage and asset management. Wealth management is currently the largest business segment of the company, in which its onshore and offshore solutions platform serves clients across generations. For more information, please visit https://ir.hywinwealth.com/

Safe Harbor Declaration

This press release contains statements that may constitute “forward-looking” statements in accordance with the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “anticipate” , “” Estimate “,” plan “,” plan “,” potential “,” continue “,” in progress “,” 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 assumes no obligation to update any forward-looking statement, except as required by applicable law.

Investor contact:

Hywin Holdings Ltd.
Jingyi Wen
Email: [email protected]

ICR, LLC
Robin yang
Telephone: +1 212-537-5797
Email: [email protected]

Media contact:

ICR, LLC
Ker Zheng
Telephone: +86 139-2280-3249
Email: [email protected]


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