Major Leadership Changes at Puyi
The leadership landscape at Puyi has experienced a significant shift with the recent resignation of Ren Yong and Kong Youjie as chairman and co-chairman. Despite stepping down from their roles, both will remain on the board as directors, while Ren has also relinquished his position as chief executive.
Transition of Power to Singapore White Group
Peh Chin Hua, the founder and executive chairman of Singapore White Group, has seamlessly taken on the role of chairman at Puyi following the departure of Ren Yong and Kong Youjie.
Strategic Investment Agreement
In a move signaling a new chapter for Puyi, the company has entered into a $500 million investment agreement with Singapore White Group. This partnership is set to pave the way for significant growth opportunities and expansion plans.
Future Growth and Development
White Group’s investment will fuel Puyi’s growth trajectory, with a clear focus on enhancing artificial intelligence capabilities and accelerating international expansion. The roadmap includes establishing new offices in key locations such as Singapore, Vietnam, Europe, the U.S., and Hong Kong.
These strategic developments mark an exciting phase in Puyi’s journey towards further success and innovation.