PINTEC Announces Changes to Management and Board of Directors, Business News

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BeijingJanuary 28, 2023 /PRNewswire/ — Pintec Technology Holdings Limited (Nasdaq: PT) (“PINTEC” or the “Company”) is a leading independent technology platform that enables financial services. Chinatoday announced that Mr. Zeciong Huang has been appointed Chief Executive Officer and Acting Chief Financial Officer of the Company and a member of the Company’s Board of Directors (the “Board”). Mr. Victor Huike Lee has resigned from his position as Chief Executive Officer, Acting Chief Financial Officer and Director of the Company for personal reasons. December 27, 2022under the influence of January 27, 2023Furthermore, Mr. Zehua SiMr. Jimin Zhuo and Mr. Young Chen All directors resigned due to personal reasons December 27, 2022under the influence of January 27, 2023Their resignation was not due to a disagreement with the Company, its management, the Board of Directors or any committee of the Board on any matter concerning the Company’s operations, policies or practices. Relevant qualified directors and officers have been appointed to fill the vacancies. January 27, 2023.

Mr. Zexiong Huang has over 10 years of experience in the financial and financial services industry, specializing in SME financial services, loans and guarantees, consumer finance, mortgage loans, microfinance, and other financial products.He has held various senior management positions on the mainland China When Hong Kong, and comprehensive industry experience in consulting, business development, financial operations, and management. Mr. Huang was the Managing Director and Chief Executive Officer of JIMU GROUP LIMITED (8187.HK). June 2020 To May 2022He has been a consultant to our Digital SME business unit since 2021 and has been the Group’s Executive Vice President since joining the company in 2022. Yunnan University of Finance and Economics.

The Board would like to sincerely thank Mr. Li, Mr. Shi, Mr. Zhuo and Mr. Chen for their contributions, efforts and dedication over the years. With Mr. Li’s excellent leadership, PINTEC has survived both market and regulatory pressures and maintained its core competencies. The Board and management thank Mr. Li for his contributions to the company and wish him every success in the future. Under the leadership of Mr. Huang and a team of experienced industry experts, PINTEC is well positioned to further optimize its products for the digital MSME environment and continue to expand its market leadership position, overcoming current shortfalls. We are confident in our ability to do Term market challenges.

Zexiong Huang, Chief Executive Officer, Acting Chief Financial Officer and Director of PINTEC commented: This has laid a solid foundation for the company’s future growth.Now, we are on track to grow revenue and achieve profitability with our strategic direction and SMB-enhancing products. As the business continues to expand, I am confident in the company’s current management team and its ability to enter a new growth cycle ahead. “

safe harbor declaration

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 defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology. “will”, “expect”, “expect”, “future”, “intend”, “plan”, “believe”, “estimate”, “target”, “confident” , and similar statements, etc. Among other things, quotes from management in this announcement and his strategic and operational plans for PINTEC contain forward-looking statements. PINTEC also makes no written or oral representations in its periodic reports to the U.S. Securities and Exchange Commission, annual reports to shareholders, press releases and other written materials, and oral statements by its officers, directors or employees. may make forward-looking statements. third party. Such statements are based on management’s current expectations, current market and business conditions, and involve events involving known and unknown risks, uncertainties and other factors. All of these are difficult to predict and many of them are beyond our control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in such statements. Potential risks and uncertainties include our limited operating history, regulatory uncertainties related to the markets and industries in which we operate, and the need to further diversify our financial partners, limited This includes, but is not limited to, our reliance on a number of businesses. Partners, the impact of current or future Chinese laws or regulations on wealth management financial products, and the Company’s ability to meet the standards required to maintain the listing of ADSs on the Nasdaq Global Market. Nasdaq’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is contained in our filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of this press release, and we may not be liable as a result of new information, future events or otherwise, except as required by applicable law. We undertake no obligation to update any forward-looking statements. .

About Pintech

PINTEC is the leading independent technology platform that enables financial services. ChinaBy connecting business and financial partners with an open platform, PINTEC enables them to efficiently and effectively provide financial services to their end users. The Company provides partners with a complete suite of customized solutions ranging from digital retail lending, digital business lending and robotic process automation to wealth management and insurance products. Leveraging a scalable and reliable technology infrastructure, PINTEC provides solutions for online travel, e-commerce, telecommunications, online education, SaaS platforms, financial technology, internet search, online advertising and listings, and various types of banking. , brokers, insurance companies, investment funds and trusts, consumer finance companies, and other similar institutions.

For more information, please contact:

Pintech Technology Holdings Co., Ltd.
Phone: +86 (10) 8564-3600
Email: [email protected]

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