PINTEC Announces Termination of the Warrant
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
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
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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