Jupai Announces Pricing of Initial Public Offering

SHANGHAI, July 15, 2015 /PRNewswire/ -- Jupai Holdings Limited ("Jupai" or the "Company") (NYSE: JP), a leading third-party wealth management service provider in China, today announced that its initial public offering of 5,300,000 American Depositary Shares ("ADSs"), each representing six ordinary shares of the Company, was priced at $10.00 per ADS. The ADSs will begin trading on the New York Stock Exchange on July 16, 2015 under the symbol "JP."

Of the 5,300,000 ADSs being offered, 4,400,000 ADSs are being offered by Jupai, and an aggregate of 900,000 ADSs are being offered by the selling shareholders. In connection with this offering, Jupai has granted the underwriters a 30-day option to purchase up to an additional 795,000 ADSs from the Company.

The total gross proceeds from the offering to the Company will be $44 million, assuming that the underwriters do not exercise their option to purchase additional ADSs. The Company will not receive any proceeds from the sale of ADSs by the selling shareholders.

Credit Suisse Securities (USA) LLC and China Renaissance Securities (Hong Kong) Limited acted as joint bookrunners for the offering.

Jupai's registration statement relating to the offering has been filed with, and declared effective by, the United States Securities and Exchange Commission (the "SEC"). This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, United States, by calling 1-800-221-1037, or by emailing: newyork.prospectus@credit-suisse.com; or by contacting China Renaissance Securities (US) Inc., Suite 1900, 45 Rockefeller Plaza, New York, NY 10111, United States, or by calling 1-844-268-2010.

About Jupai (NYSE: JP):

Jupai Holdings Limited ("Jupai") (NYSE: JP) is a leading third-party wealth management service provider focusing on distributing wealth management products and providing quality product advisory services to high-net-worth individuals in China. Jupai's comprehensive and personalized client service and broad range of carefully selected third-party and self-developed products have made it a trusted brand among its clients. Jupai maintains extensive and targeted coverage of China's high-net-worth population.  

For more information, please visit http://jupai.investorroom.com.

For investor and media inquiries, please contact:

Michelle Yuan
Deputy CFO & Director of Investor Relations
Jupai Holdings Limited
Phone: +86 (21) 6859 5055
Email: michelle.yuan@jpinvestment.cn

Yajun Zhang
The Foote Group
Phone: +86 (21) 6230 5097
Email: Jupai-IR@thefootegroup.com

SOURCE Jupai Holdings Limited