Puyi ^{Priced, Nasdaq: PUYI}

Puyi is the 21st largest third-party wealth management services provider in China based on 2017 transaction value, according to CIC. We are also the largest third-party wealth management services provider in China focusing on mass affluent and emerging middle class population, with a 10.4% market share, based on the same metric. We provide wealth management services, corporate finance services and asset management services. Our largest business has been our wealth management services business. For the year ended June 30, 2017 and the year ended June 30, 2018, the aggregate transaction value of the wealth management products we distributed totaled RMB5.6 billion and RMB6.0 billion (US$0.9 billion), respectively. Under our wealth management services, we charge all financial product issuers distribution commissions calculated as a percentage of the amount of products distributed by us, and specifically, earn performance-based fees mainly from the issuers of the privately raised fund products that we distribute.