11 October 2022

Our Ref: NASD/SSNC/P3431-H19472

The Board of Directors
Puyi Inc.

61F, Pearl River Tower

No. 15 Zhujiang West Road

Zhujiang New Town

Tianhe, Guangzhou

Guangdong, China

Dear Sir or Madam

Puyi Inc.

FORM 20-F

We consent to the reference to our firm under the heading “Item 10.E. Additional Information—Taxation” in the Annual Report on Form 20-F of Puyi Inc. for the year ended 30 June 2022 (the “Annual Report”), which will be filed with the U.S. Securities and Exchange Commission (the “Commission”) on 11 October 2022 under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).

We also consent to the filing with the Commission of this consent letter as an exhibit to the Annual Report.

In giving such consent, we do not thereby admit that we come within the category of persons whose consent is required under the Exchange Act, or the Rules and Regulations of the Commission thereunder.

Yours faithfully

/s/ WALKERS (HONG KONG)
WALKERS (HONG KONG)

*England and Wales; **BVI; ***Cayman Islands; ****New South Wales (Australia); *****Bermuda

Partners:
John Cartwright	*
Audrey Coker	*
Joanne Collett	*
Mark Cummings	*****
Stuart D'Addona	****
Colm Dawson	***
Shamar Ennis	***
James Gaden	****
Thomas Granger	**
Kristen Kwok	**
Wing Lam	*
William Lee	*
Thomas Pugh	*****
Andrew Randall	**
Rupen Shah	*****
Colette Wilkins	***
Denise Wong	**