BEIJING, May 26, 2023
/PRNewswire/ -- Pintec Technology Holdings Limited (NASDAQ: PT)
("Pintec" or the "Company"), a Nasdaq-listed group providing
technology enabled financial and digital services to micro, small
and medium enterprises ecosystem, today announced that Pintec
entered into a series of agreements with Otov Alfa Holdings Limited
("Otov") to terminate all terms and provisions of the
warrant agreement dated October 19,
2020 (the "Warrant Agreement"), pursuant to which
Otov's rights to purchase a certain number of class A ordinary
shares of the Company have been ceased and terminated.
On May 26, 2023, Pintec and Otov
entered into a share transfer agreement (the "Share Transfer
Agreement"), pursuant to which Otov agrees to purchase one
ordinary share of Sky City Holdings Limited ("Sky City"), a
wholly owned subsidiary of the Company incorporated under the laws
of British Virgin Island, or 100% shareholding of Sky City, from
the Company at nil consideration. As of the closing date of the
Share Transfer Agreement, all equity interests held in all direct
and indirect wholly owned subsidiaries of Sky City will be
indirectly transferred to Otov along with the transfer of one
ordinary share of Sky City.
On May 26, 2023, Pintec and Otov
entered into a warrant termination agreement (the "Warrant
Termination Agreement"), pursuant to which all terms and
provisions in the Warrant Agreement shall be terminated with
immediate effect upon the effectiveness of the Warrant Termination
Agreement and all rights and obligations of the relevant parties
under the Warrant Agreement shall be ceased and terminated with
immediate effect upon the execution of the Warrant Termination
Agreement.
On May 26, 2023, Ningxia Fengyin
Enterprise Management Consulting LLP ("Ningxia Fengyin") and
Shanghai Anquying Technology Co., Ltd. ("Shanghai Anquying")
entered into an equity pledge release agreement (the "Equity
Pledge Release Agreement"), pursuant to which the equity pledge
agreement dated November 2020 (the
"Equity Pledge Agreement") shall be terminated and Ningxia
Fengyin shall relinquish all its rights thereunder, including
without limitation all of its right of pledge in the equity
interest of the target company (the "Equity Pledge"). Under
the Equity Pledge Release Agreement, the Equity Pledge shall be
released immediately upon the execution of the Equity Pledge
Release Agreement and both parties shall de-register the Equity
Pledge with relevant PRC authorities.
Mr. Zexiong Huang, acting Chief Financial Officer and director
of Pintec, commented, "We appreciate the investors' confidence in
our business innovation and hope there will be more opportunities
for cooperation in the future. In the current challenging
environment, the Company is forging ahead through our strategic
transformation. Our management team and I are full of confidence in
the Company's future."
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "confident" and similar statements. Among
other things, the quotations from management in this announcement,
as well as PINTEC's strategic and operational plans, contain
forward-looking statements. PINTEC may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Such statements are based upon management's current
expectations and current market and operating conditions, and
relate to events that involve known or unknown risks, uncertainties
and other factors, all of which are difficult to predict and many
of which are beyond the Company's control. Forward-looking
statements involve inherent risks, uncertainties and other factors
that could cause actual results to differ materially from those
contained in any such statements. Potential risks and uncertainties
include, but are not limited to, the Company's limited operating
history, regulatory uncertainties relating to the markets and
industries where the Company operates, and the need to further
diversify its financial partners, the Company's reliance on a
limited number of business partners, the impact of current or
future PRC laws or regulations on wealth management financial
products, and the Company's ability to meet the standards necessary
to maintain the listing of its ADSs on the Nasdaq Global Market,
including its ability to
cure any non-compliance with Nasdaq's continued
listing criteria. Further information regarding these and other
risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
About PINTEC
PINTEC is a Nasdaq-listed group providing technology enabled
financial and digital services to micro, small and medium
enterprises ecosystem. It connects business partners and financial
partners on its open platform and enables them to provide financial
services to end users efficiently and effectively. PINTEC empowers
its business partners by providing them with the capability to add
a financing option to their product offerings. It helps its
financial partners adapt to the new digital economy by enabling
them to access the online population that they could not otherwise
reach efficiently or effectively. It continues to deliver
exceptional digitization services, diversified financial products,
and best-in-class solutions with innovative technology, thus to
solidify its partnerships and satisfy its clients.
For further information, please contact:
Pintec Technology Holdings Ltd.
Phone: +86 (10) 6506-0227
E-mail: ir@pintec.com
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SOURCE Pintec Technology Holdings Limited