BEIJING, April 30, 2024 /PRNewswire/ -- Pintec Technology Holdings Limited (NASDAQ: PT) ("Pintec" or the "Company"), is a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission ("SEC") on April 30, 2023 Eastern Time.
Key Points:
- BEIJING, April 30, 2024 /PRNewswire/ -- Pintec Technology Holdings Limited (NASDAQ: PT) ("Pintec" or the "Company"), is a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission ("SEC") on April 30, 2023 Eastern Time.
- The annual report can be accessed on the Company's investor relations website at ir.pintec.com or the SEC's website at www.sec.gov .
- The Company will provide hard copies of its annual report, free of charge, to its shareholders and ADS holders upon request.
- Requests should be directed to the Company's Investor Relations Department at Pintec Technology Holdings Limited, 3rd Floor, No.11 Building, No.109 Yard Tianjizhigu, Jinghai 3rd Street, BDA, Beijing, People's Republic of China.
Retrieved on:
Friday, December 29, 2023
BEIJING, Dec. 29, 2023 /PRNewswire/ -- Pintec Technology Holdings Limited (Nasdaq: PT) ("Pintec" or the "Company"), is a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises in China, today announced the appointment of Mr. Xin Yang as Chief Financial Officer of the Company, effective on December 29, 2023.
Key Points:
- BEIJING, Dec. 29, 2023 /PRNewswire/ -- Pintec Technology Holdings Limited (Nasdaq: PT) ("Pintec" or the "Company"), is a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises in China, today announced the appointment of Mr. Xin Yang as Chief Financial Officer of the Company, effective on December 29, 2023.
- Mr. Zexiong Huang has resigned from his position as the acting Chief Financial Officer of the Company and will continue to serve as the Chief Executive Officer and a member of the board of directors of the Company.
- Mr. Yang served important positions in the financial department including CFO in his previous employment with other companies in China.
- Mr. Zexiong Huang, Chief Executive Officer of Pintec commented, " We are very pleased to welcome Mr. Xin Yang to Pintec's management team as our new Chief Financial Officer.
Retrieved on:
Thursday, December 28, 2023
VIE,
ADS,
Marketing,
Ecosystem,
Annual report,
Partnership,
MSME,
Collection,
Translation,
RMB,
Income tax,
Research,
Uncertainty,
Bank statement,
USD,
Insurance,
SME,
H.10,
Investment,
Creditor,
Net,
Pressure,
Development,
Cryptocurrency Total revenues decreased by 11.89% to RMB35.09 million (US$4.86 million) for the first half of 2023 from RMB39.82 million for the same period of 2022.
Key Points:
- Total revenues decreased by 11.89% to RMB35.09 million (US$4.86 million) for the first half of 2023 from RMB39.82 million for the same period of 2022.
- The decrease in revenues from installment service fee was mainly due to the decrease in volume of SMEs loans in the first half of 2023.
- Cost of revenues increased by 59.90% to RMB30.88 million (US$4.27million) for the first half of 2023 from RMB19.31 million for the same period of 2022.
- We had service cost charge by the related party of RMB0.03 million and nil for the first half of 2022 and 2023, respectively.
Transfer,
Otov,
LLP,
Hope,
Equity,
Warrant,
Ecosystem,
Annual report,
Environment,
Virgin Islands,
Security (finance),
PRC 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.
Key Points:
- 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.
- 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.
- 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.
Jinghai District,
ADS,
Eastern Time Zone,
3rd Floor,
Republic,
Security (finance),
Ecosystem,
Annual report,
Special-purpose acquisition company,
Cryptocurrency,
PRC,
BDA BEIJING, May 15, 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 it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission ("SEC") on May 12, 2023 Eastern Time.
Key Points:
- BEIJING, May 15, 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 it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission ("SEC") on May 12, 2023 Eastern Time.
- The annual report can be accessed on the Company's investor relations website at ir.pintec.com or the SEC's website at www.sec.gov .
- The Company will provide hard copies of its annual report, free of charge, to its shareholders and ADS holders upon request.
- Requests should be directed to the Company's Investor Relations Department at Pintec Technology Holdings Limited, 3rd Floor, No.11 Building, No.109 Yard Tianjizhigu, Jinghai 3rd Street, BDA, Beijing, People's Republic of China.
Retrieved on:
Wednesday, April 12, 2023
BEIJING, April 12, 2023 /PRNewswire/ -- Pintec Technology Holdings Limited (Nasdaq: PT) ("PINTEC" or the "Company"), a Nasdaq listing group providing technology enabled financial and digital services to micro, small and medium enterprises ecosystem, today announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1).
Key Points:
- BEIJING, April 12, 2023 /PRNewswire/ -- Pintec Technology Holdings Limited (Nasdaq: PT) ("PINTEC" or the "Company"), a Nasdaq listing group providing technology enabled financial and digital services to micro, small and medium enterprises ecosystem, today announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1).
- As previously announced, the Company was notified by Nasdaq on October 21, 2022 that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the Company's American Depositary Shares ("ADSs") had been below US$1.00 for more than 30 consecutive business days.
- On April 10, 2023, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days, from March 24, 2023 to April 6, 2023, the closing bid price of the Company's common stock has been at US$1.00 per share or greater.
- Accordingly, the Company has regained compliance with Listing Rule 5450(a)(1) and this matter is now closed.
Under the share purchase agreements, the Company agrees to sell and issue an aggregate of 254,450,000 Class A ordinary shares of the Company for a total purchase price of US$4,000,000.
Key Points:
- Under the share purchase agreements, the Company agrees to sell and issue an aggregate of 254,450,000 Class A ordinary shares of the Company for a total purchase price of US$4,000,000.
- Each ADS currently represents 35 of the Company's Class A ordinary shares.
- Looking forward, we will continue to execute our strategic plans and strive to create long-term value for our investors."
- 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.
Their resignations did not result from any disagreement with the Company, its management, the Board, or any committee of the Board, on any matter relating to the Company's operations, policies or practices.
Key Points:
- Their resignations did not result from any disagreement with the Company, its management, the Board, or any committee of the Board, on any matter relating to the Company's operations, policies or practices.
- Relevant competent directors and officers have been appointed to fill in their vacancies with effect from January 27, 2023.
- He has held various senior management positions in mainland China and Hong Kong, and has gained comprehensive industry experience in the areas of consulting, business development, financial operations, and management.
- The Board and management thank Mr. Li for his contributions to the Company and wish him all the best in the future.
Retrieved on:
Friday, December 23, 2022
Internet,
USD,
ADS,
COVID-19,
Total,
Telecommunication,
Travel,
Translation,
H.10,
US,
Development,
RMB,
SME,
Insurance,
Marketing,
Federal Reserve Board of Governors,
Economics,
Collection,
Uncertainty,
Annual report,
Investment,
Research,
Software as a service,
Sale,
Acquisition,
Online shopping,
Fossil fuel,
Bank,
Renewable energy,
Lithium,
Healthcare,
Aquaculture,
Cryptocurrency,
Risk management,
PRC Total revenues decreased by 56.53% to RMB39.82 million (US$5.93 million) for the first half of 2022 from RMB91.61 million for the same period of 2021.
Key Points:
- Total revenues decreased by 56.53% to RMB39.82 million (US$5.93 million) for the first half of 2022 from RMB91.61 million for the same period of 2021.
- This increase was mainly due to an additional volume of SMEs loans on the Company's books in the first half of 2022.
- Gross margin was 51.50% in the first half of 2022 compared to 45.82% in the same period of 2021.
- By connecting business and financial partners on its open platform, PINTEC enables them to provide financial services to end users efficiently and effectively.
As a leading independent technology platform enabling financial services in ChinaPintec connects business partners and financial partners on its open platform and enable them to provide financial services to end users efficiently and effectively.
Key Points:
- As a leading independent technology platform enabling financial services in ChinaPintec connects business partners and financial partners on its open platform and enable them to provide financial services to end users efficiently and effectively.
- As a leading developer for credit services, Pintec initiated a technology-based credit assessment system for SMEs as early as 2016.
- Pintec's technology-based credit services and solutions focus on customer acquisition and risk control, and were adopted in several business aspects, including e-commerce, payment, corporate finance and taxation.
- The only way to create more value to our partners is to have a deep understanding of their current business, as well as the future of their business.
