At the extraordinary general meeting, the shareholders passed the following special resolutions to:
| (i) | change the Company's English name from Puyi Inc. to Highest Performances Holdings Inc. and the Company's Chinese name from 普益有限公司to 华普集团有限公司, including the replacement of all references to Puyi Inc. with Highest Performances Holdings Inc. in the second amended and restated memorandum and articles of association of the Company (the "Articles"); |
| (ii) | amend the Articles to amend the authorized share capital of the Company from US$2,000,000 divided into 2,000,000,000 Ordinary Shares of a nominal or par value of US$0.001 each to US$2,000,000 divided into (1) 1,950,000,000 Ordinary Shares of a nominal or par value of US$0.001 each and (2) 50,000,000 Preference Shares of a nominal or par value of US$0.001 each, and each holder of the Preference Shares shall have twenty (20) votes for each Preference Share; |
| (iii) | amend the Articles to reflect the exemption of the company from holding an annual general meeting; |
| (iv) | replace the existing Articles in their entirety with a new memorandum and articles of association of the Company to reflect the aforementioned change; and |
| (v) | authorize each of the directors of the Company being authorized to take any and all action that might be necessary to effect the foregoing resolutions as such director, in his or her absolute discretion, thinks fit. |
In connection with the name change, the Company also announced the change of its ticker symbol from "PUYI" to "HPH."