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Mei & Mark Advises On Puyi’s IPO

Washington, DC – March 27, 2019 – Mei & Mark LLP team, led by Fang Liu and assisted by Yangyang Jia and other members, recently advised the underwriter Network 1 Financial Securities, Inc. in successfully completing the IPO of Puyi Inc.

Puyi Inc. (the “Company”)(NASDAQ: PUYI), a leading third-party wealth management services provider in China focusing on mass affluent and emerging middle class population, today announced the pricing and closing of its initial public offering of its American Depositary Shares (“ADSs”) at $6.00 per ADS for total gross proceeds of approximately $25.8 million . The ADSs are scheduled to begin trading on the NASDAQ Global Market under the ticker symbol “PUYI” on March 29, 2019.