Hywin Holdings Ltd. (NasdaqGM:HYW) entered into definitive share transfer agreements and capital increase agreement to acquire 63.39% equity interest in Beijing iLife3 Technology Co. Ltd from its shareholders on August 5, 2022. The consideration of an aggregate amount CNY 140 million to acquire a controlling equity interest in Life Infinity. Following the completion of the transaction, Life Infinity will be accounted for as a consolidated subsidiary of the Company. The transaction is expected to be complete by the end of August 2022, subject to customary closing conditions.

Hywin Holdings Ltd. (NasdaqGM:HYW) completed the acquisition of 63.39% equity interest in Beijing iLife3 Technology Co. Ltd from its shareholders for approximately CNY 141 million on August 31, 2022.