Puhui Wealth Investment Management Co. Launches Suzhou Office

BEIJING,Jan. 16,2019 --Puhui Wealth Investment Management Co.,Ltd. (Nasdaq: PHCF) ("Puhui" or "the Company"),a third-party wealth management service provider with a focus on wealth management services for high net worth individuals and corporate clients,today announced it has launched its subsidiary in Suzhou and held the grand opening ceremony on January 12,2019.

Management Commentary

Mr. Zhe Ji,Chairman and CEO of the Company,commented: "We are very pleased to launch our Suzhou office as we believe the founding of a Suzhou subsidiary is a significant component of our overall development strategy. According toauthoritativestatistics,Suzhou ranks among the top ten in China's wealthy gathering places,with 58,700 high-net-worth households with assets of more than 6 million yuan. We aimfor our Suzhou office to be responsible for Suzhou's market development and investor maintenance and to become a support platform for operation in Jiangsu Province."

About Puhui Wealth Investment Management Co.

Headquartered in Beijing,China,Puhui Wealth Investment Management Co. is a third-party wealth management service provider focusing on marketing financial products to,and managing funds for,individuals and corporate clients in the PRC. The Company's main operating activities are carried out through Puhui Wealth Investment Management (Beijing) Co.,Ltd.,and its subsidiaries.

Additional information about Puhui Wealth Investment Management Co. can be found at the Company's corporate website: www.puhuiwealth.com.

Investor Relations:

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Adam Prior,Senior Vice President

Katherine Yao,Senior Associate

(212) 836-9606

+86 10 5661 7012

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kyao@equityny.com

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