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Jupai Announces Changes to the Senior Management Team

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.

Aneta Larkins

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