Jupai Holdings Limited Announces Termination of Contractual Arrangements with Shanghai Jupai Investment Group Co., Ltd.

The board of directors of the Jupai Holdings Limited (the "Company") has approved the termination of the Company's contractual arrangements with Shanghai Jupai Investment Group Co., Ltd. ("Shanghai Jupai"). Recently, the audit committee under the board of directors of the Company has also approved such termination of the Company's contractual arrangements with Shanghai Jupai. The Company would discontinue the operations of and cease control over the business operated by Shanghai Jupai. In 2021, the net loss from Shanghai Jupai and its subsidiaries and branches accounted for 98.6% of the Company's total net loss.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Jupai Holdings Limited published this content on 06 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2022 13:11:08 UTC.