Document:

EX-10.18

 [***] = Certain confidential information contained in this document, marked by brackets, is omitted because
it is both (i) not material and (ii) would be competitively harmful if publicly disclosed 
 Exhibit 10.18 

Cooperation Agreement 
 Party A:
Hangzhou Qianyi Asset Management Co., Ltd. 
 Legal representative or managing partner: [***] 

Domicile: [***] 
 Party B: Hywin Wealth Management
Co., Ltd. 
 Legal representative: Gong Qiaoli 

Domicile: 3/F, No. 8 Yincheng Middle Road, Pudong New District, Shanghai 

According to the Contract Law of the People’s Republic of China and other relevant laws and regulations, Party A and Party B
arrive at the following agreement upon friendly negotiation and in the spirit of equality, mutual benefit and common development. Both parties declare that they understand and recognize all the contents of this Agreement, and agree to exercise and
undertake their respective rights and obligations, and faithfully perform this Agreement. 
 Article 1 Contents of cooperation 

Upon Party A’s entrustment, Party B shall provide consulting services for Party A within its business scope and recommend institutions or individuals for
cooperation. 
 Article 2 Undertakings 
 (I) Party
A’s undertakings 
 1. Party A is a legally subsisting and operating entity and has all the qualifications and capabilities for
performing all obligations under this Agreement; 

 2. Party A is a private equity fund manager (record number: [***]) registered with the Asset
Management Association of China, without bad integrity record; 
 (II) Party B’s undertakings 

1. Party B is a duly incorporated and legally subsisting entity and has all the qualifications and capabilities for performing all obligations
under this Agreement. 
 2. Party B shall provide Party A with relevant consulting services honestly, diligently and conscientiously to the
extent permitted by the existing PRC laws and regulations and other provisions. 
 Article 3 Rights and obligations 

(I) Rights and obligations of Party A 
 1.
Party A is obliged to provide Party B with the necessary documents and information required for business development, and guarantee the truthfulness, accuracy, completeness, timeliness and compliance of the documents and information provided. 

2. Party A is generally responsible for organizing the management of the fund and formulating business rules in accordance with relevant laws
and regulations. Party A shall provide collaboration and cooperation for Party B in completion of services. 
 3. Party A shall pay Party B
relevant service fees in full and on time according to the provisions of this Agreement. 
 4. Party A shall ensure the legality and
compliance of all kinds of products under its management in accordance with national laws and regulations and relevant provisions. 
 5.
Party A is obliged to establish a perfect customer service system and process and provide relevant services to customers according to the relevant contract and its system. 

6. Party A shall fulfill its disclosure obligations and inform Party B in accordance with the provisions of this Agreement and the requirements
of regulatory authorities. Party A shall guarantee the truthfulness, accuracy and compliance of the contents disclosed and Party B shall assist in providing the contents to the customers served. 

7. Party A shall keep confidential Party B’s trade secrets and other documents and information obtained and shall not use them for any
purpose other than that specified by Party B or disclose them to any third party. Even if this Agreement is terminated, Party A shall still have the confidentiality obligation, save as otherwise provided by laws and regulations. 

 (II) Rights and obligations of Party B 

1. Party B shall provide relevant services to Party A in accordance with the terms of this Agreement and collect service fees in time and in
full. 
 2. Party B shall have the right of access to the necessary business data and information. 

3. Party B shall comply with relevant laws and regulations in conducting businesses. 

4. Party B shall have the right to obtain information that Party A shall disclose to customers in accordance with contracts, laws and
regulations and regulatory requirements, and Party B shall assist in providing the information to the customers served in a uniform manner. 
 Article 4
Consulting services fees 
 The consulting service fees refer to the costs incurred by Party B for fulfilling the obligations under this
Agreement, and the calculation method and payment time of the consulting service fees shall be subject to the Confirmation Letter of Consulting Service Fees otherwise confirmed by both parties. 

Article 5 Confidentiality provisions 
 1.
Either Party A or Party B shall be obliged to keep confidential the business information, management techniques and other information of the other party obtained during cooperation. Either party shall keep confidential the trade secrets and other
confidential data and information of the other party that it learns about or accesses as a result of signing or performance of this Agreement; neither party shall disclose, give or transfer such confidential information to a third party without the
written consent of the other party. 
 2. Except for the work specified in this Agreement, neither party shall use or duplicate the
trademarks, logos, commercial information, technologies and other data of the other party without the prior written consent of the other party. 

3. Upon termination of this Agreement, the confidentiality obligations of the two parties under this Agreement shall not terminate and the two
parties shall continue to observe the confidentiality provisions of this Agreement, and perform their respective confidentiality obligations until the other party agrees to discharge it from such obligations, or in fact, no damage will be caused to
the other party in any form due to breach of the confidentiality provisions of this Agreement. 

 Article 6 Force majeure 

If either party is unable to continue to perform this Agreement due to force majeure such as natural factors and national policies, the said
party shall promptly notify the other party and continue to perform this Agreement after elimination of force majeure. If this Agreement indeed cannot be performed due to force majeure, Party A and Party B may negotiate in writing to terminate this
Agreement and neither party shall bear the liability for breach of this Agreement to the other party. 
 Article 7 Liability for breach of this Agreement

 Party A and Party B shall fulfil the relevant obligations in strict accordance with the provisions of this Agreement. If either party
violates the foregoing provisions of this Agreement, it shall be deemed as having breached this Agreement and shall bear all losses incurred by the non-defaulting party as a result (including but not limited
to direct losses and indirect losses). 
 Article 8 Settlement of disputes 

1. The conclusion, entry into force, performance, interpretation, modification and termination of this Agreement and related disputes shall be
governed by the laws of the People’s Republic of China (for the purpose hereof, excluding Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan Region). 

2. Disputes relating to this Agreement or arising from the performance of this Agreement shall be settled by Party A and Party B through
friendly negotiation. If the two parties fail to settle the disputes through friendly negotiation, either party may file a lawsuit to Pudong New District People’s Court. 

 Article 9 Miscellaneous 

1. For matters not covered herein, Party A and Party B shall sign a written supplementary agreement upon negotiation. The Supplementary
Agreement shall have the same legal force as this Agreement and shall be an integral part of this Agreement. 
 2. This Agreement shall come
into effect upon affixing of signatures by both parties. 
 3. This Agreement shall be executed in duplicates with equal legal force, with
one held by Party A and Party B, respectively.EX-10.19

 Exhibit 10.19 

[***] = Certain confidential information contained in this document, marked by brackets, is omitted because it is both (i) not material and
(ii) would be competitively harmful if publicly disclosed 
 Consulting Service Agreement 

Party A: Shenzhen Liaoyuan Commercial Factoring Co., Ltd.
(深圳燎原商业保理有限公司) 
 Party B: Hywin Wealth Management Co., Ltd.
(海银财富管理有限公司) 
 Pursuant to the “Contract Law of the People’s Republic of
China” and other relevant laws and regulations, Parties A and B have reached the following Agreement (hereinafter referred to as the “Agreement”) on the basis of the principles of equality, mutual benefit and common development
through friendly consultation. Both Parties declare that they have understood and recognized all the contents thereof, agreed to assume their respective rights and obligations, and faithfully perform the Agreement. 

Article 1 Cooperation 
 Party B accepts Party A’s
entrustment to provide Party A with consulting services within its business scope, including but not limited to provision of consulting services on investment and other fund demand protection plans, giving recommendations on financing plans, and
referring cooperative institutions or individuals. 
 Article 2 Rights and Obligations 

(1) Rights and Obligations of Party A 
 1. Party A is
obliged to provide Party B with the necessary materials and information required for business development, and to ensure the authentically, accuracy, completeness, timeliness and compliance of the materials and information provided. 

2. Party A shall conduct its business based on its business scope and formulate its business rules pursuant to relevant laws and regulations. Party A shall
cooperate and coordinate for Party B’s service work hereunder. 
 3. Party A shall pay Party B the corresponding service fees in full and on time as
agreed herein. 
 4. Party A shall be obliged to keep confidential the materials and information of Party B such as trade secrets obtained, and shall not
use such materials and information for any purpose other than those specified by Party B or disclose the same to any third party. Party A’s confidentiality obligation shall survive the termination of the Agreement, unless otherwise stipulated
by laws and regulations. 

 (2) Rights and Obligations of Party B 

1. Party B shall provide relevant consulting services to Party A pursuant to the terms hereof, and collect service fees on time and in full. 

2. Party B is entitled to be aware of necessary business data and information. 

3. Party B shall abide by relevant laws and regulations in the course of business. 

4. Party B is entitled to obtain the information that Party A should disclose to clients pursuant to the contract, laws, regulations and regulatory
requirements, and Party B shall assist in providing such information to its clients on a unified basis. 
 Article 3 Consulting Service Fees and Payment
Methods 
 The consulting service fee rate hereunder is [***]/year, which shall be calculated and collected according to the transaction amount of the
product of [***] (hereinafter referred to as the “Product”) of the investment consulting service provided by Party B, and the collection period shall be the period of product share corresponding to each transaction amount. The period of
regular share of the Product shall last for [***] days. However, the period of certain special share may be shorter than that of the regular share during the actual fundraising phase. 

The formula for calculation of consulting service fee is as follows: 
 

 
 SC: consulting service fee 

r: consulting service fee rate 
 Pi: transaction amount of the ith contract 
 Yi:
share period of the ith contract 
 n: a total of n contracts for such product 

Party A shall provide the product establishment information form of Party B before the last day of the month after the end of the fundraising, and remit the
consulting service fee after verification by both parties to the account of Party B or Party B’s designated payee in a one-off manner. 

In the event of early termination of the Contract as a result of market reasons or early termination of specific products decided due to adjustment to the
company’s business, or provisional or special open day of the product, or selective redemption clauses of clients, the consulting service fee is no longer refunded. 

 Article 4 Confidentiality Clauses 

1. Both Parties A and B shall be obliged to keep confidential the business information, management technology and other information of the other party obtained
in the course of cooperation. Either party shall keep confidential the trade secrets and other confidential materials and information of the other party that come to its knowledge or are within its reach as a result of execution or performance of
the Agreement. Without the written consent of the other party, neither party shall disclose, give or transfer such confidential information to any third party. 

2. Save for the work required herein, without the prior written consent of the other party, the trademarks, logos, commercial information, technology and
other materials of the other party shall not be used or copied without authorization. 
 3. The confidentiality obligations of both Parties hereunder shall
survive the termination of the Agreement. Both Parties still need to abide by the confidentiality clauses hereof and perform their promised confidentiality obligations until the other party agrees to lift such obligations, or in fact it will not
cause any kind of damage to the other party as a result of violation of the confidentiality clauses hereof. 
 Article 5 Force Majeure 

In the event that any party is unable to continue to perform the Agreement due to the impact of force majeure factors such as natural factors and national
policies, such party shall promptly notify the other party and continue to perform the Agreement after the force majeure factor is eliminated. In the event that the Agreement is indeed unable to be performed due to the impact of force majeure, both
Parties A and B may negotiate in writing to terminate the Agreement, and both Parties shall not bear the respective liability for breach of contract. 

Article 6 Liability for Breach of Contract 
 Both Parties
A and B shall perform related obligations in strict compliance with the provisions hereof. Any party’s violation of the foregoing provisions hereof shall be deemed as a breach of contract, and the defaulting party shall bear all the losses
suffered by the non-defaulting party accordingly (including but not limited to all losses such as direct losses and indirect losses, etc.). 

Article 7 Resolution of Disputes 
 1. The conclusion,
entry into force, performance, interpretation, modification, termination and disputes of the Agreement shall be governed by the laws of the People’s Republic of China (for the purpose of the Agreement, Hong Kong Special Administrative Region,
Macao Special Administrative Region and Taiwan Region are excluded). 
 2. Disputes related hereto or arising from the performance of the Agreement shall be
resolved by both Parties A and B through friendly negotiation. If negotiation fails, either party agrees to file a lawsuit with the People’s Court of Shanghai Pudong New Area. 

Article 8 Miscellaneous 

 1. Matters uncovered herein shall be negotiated by both Parties A and B and a supplemental contract shall be
executed in writing. The supplemental contract shall have the same legal effect as the Agreement, and is an integral part hereof. 
 2. The Agreement shall
become effective upon execution by both Parties. 
 3. The Agreement is executed in duplicate, with each party holding one copy, which has the same legal
effect. 
 (The following is intentionally left blank) 
 (This
page is intentionally left blank, which serves as the signing page of the “Consulting Service Agreement”) 
 Party A (Seal): (Seal of Shenzhen
Liaoyuan Commercial Factoring Co., Ltd. (深圳燎原商业保理有限公司)) 
 Party B
(Seal): Hywin Wealth Management Co., Ltd. (海银财富管理有限公司) 
 (Seal of Hywin Wealth
Management Co., Ltd. (海银财富管理有限公司)) 
 Date of signing: (DD MM YY) 

Location: Pudong New District, Shanghai

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