Highest Performances Holdings (HPH) Announces Board Changes

The board of directors of Highest Performances Holdings Inc. (NASDAQ: HPH), today announced the appointment of Ms. Hang Suong Nguyen (“Ms. Nguyen”) as the new chairwoman of the Board, effective from September 30, 2024. Ms. Nguyen will succeed Mr. Chin Hua Peh, who will continue to serve as a director of the Company.

Ms. Hang Suong Nguyen, Director and the Chairwoman of the Board

Ms. Hang Suong Nguyen has over 10 years of investment management experience. Since October 2019, Ms. Nguyen has been serving as Deputy Director of International Investment Strategy at Voyager Labs Limited (Global Leader in Advanced AI-based Survey solutions), enabling global organizations to gain in-depth investigative insights on entities, individuals, groups and topics. She also served as vice president of Doji group (formerly TTD Technology Development and Trading Company) from 2016 to 2019. Previously, Ms. Nguyen served as head of investment at VNG Corporation from 2013 to 2016. VNG Corporation is Vietnam's leading local digital AI ecosystem, providing diverse products and services through four key business units: gaming, communications and media, fintech and digital services. From 2010 to 2013, she served in management roles for the Empower Consulting Group. Ms. Nguyen obtained her bachelor’s degree in international business from Vietnam National University in 2008 and her MBA degree from Hanoi University of Science and Technology (HUST) in 2009.

The Board also announces that Mr. Jidong Luo has decided to resign from the Board as director and chairman of the audit committee due to personal reasons, effective from September 30, 2024.

The Board has also appointed the following individuals to new roles of the Company, effective from September 30, 2024:

Dr. Lihong Zhai, as independent director and the chairman of the audit committee;

Ms. Min Zhou, as independent director and the chairwoman of the nominating and governance Committee; and

Ms. Yingying Li, as independent director and the chairwoman of the compensation committee.

Ms. Min Zhou, Independent Director and the Chairwoman of the Nominating and Governance Committee

Ms. Min Zhou has been an executive director of Tian Ruixiang Holdings Ltd (NASDAQ “TIRX”) since April 2024. Prior to this role, Ms. Zhou worked as an investment manager at Huobi Capital from September 2021 to September 2022, where she developing investment plans and agreements for participating in the negotiation and trading of investment projects. She has rich experience in supervising the operation and development of investment projects. From September 2016 to June 2021, Ms. Zhou was the business development manager of Delta Insurance Brokerage Co. , Ltd. Ms. Zhou has extensive experience in ensuring compliance with securities laws and regulations, protecting shareholders’ interests, as well as participating in the formulation of company strategy and supervising management implementation to promote the company’s long-term development and enhance shareholder value. Ms. Zhou graduated from Hunan University with a bachelor’s degree in mechanical automation.

Ms. Yingying Li, Independent Director and the Chairwoman of the Compensation Committee

Since 2022, Ms. Yingying Li has served as the OEM cotton product director at Qinshu (Shanghai) Trading Co., Ltd. From July 2021 to October 2022, Ms. Li served as the general manager of the Product Planning Department at Shanghai Metersbonwe Fashion Co., Ltd., where she had extensive experience in leading the planning team to collect, sort, analyze fashion trends, and develop product strategies based on brand positioning and annual business goals. She also had experience in preparing planning proposals, themes, and quarterly development timetables. From October 2017 to June 2021, Ms. Li served as the manager of the Product Planning Department at E-Land Group. She had extensive experience in leading the planning, design, and production teams in conducting product sketch review, sample review at selection meetings, and pricing work to ensure product completion. Ms. Li graduated from Donghua University with a Master’s degree in textile engineering.

Following the foregoing changes, our Board consists of eight directors, three of which are independent directors, and is chaired by Ms. Nguyen. Our current directors as of the date of this press release are as follows:

You May Also Be Interested In

• Construction Partners board member Michael McKay dies at 64
• First Advantage files for 87.45M share offeirng by selling stockholders
• Broadridge DLR hits $8T in July repo volume, up 28% YoY