PINTEC Receives Notification From NASDAQ Regarding Minimum Bid Price Compliance


BEIJING, December 10, 2021 / PRNewswire / – Pintec Technology Holdings Limited (Nasdaq: PT) (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced that it had received a notification from NASDAQ Listing Qualifications (“NASDAQ”) on December 9, 2019 that it is not in compliance with the minimum bid price requirement set out in the listing rules for maintaining listing on the NASDAQ stock exchange, as the closing price of the Company’s ADSs was below 1 USD over a period of 30 consecutive trading days.

In accordance with listing rule 5810 (c) (3) (A), the Company has 180 calendar days from the date of notification, i.e. until June 6, 2022, to comply again with the minimum bid price. In order to restore compliance, the Company’s ADSs must have a closing bid price of at least US $ 1 for at least 10 consecutive trading days. In the event that the Company does not restore compliance within the first notice period of 180 calendar days, or by June 6, 2022, the Company may be entitled to additional time to restore compliance or may face to a delisting from the stock exchange.

The Company is currently in compliance with all other NASDAQ continuous listing standards. NASDAQ’s notification does not affect the Company’s business operations or its reporting requirements to the Securities and Exchange Commission.

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 as defined in the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the terminology such as “will”, “expects”, “anticipates”, “the future”, “intention”, “plans”, “believes”, “estimates”, “the” goal “,” confident ”and similar statements. Among other things, the management quotes 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 United States 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 for third parties. These statements are based on current management 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 control of the Company. 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, without limitation, the limited operating history of the Company, regulatory uncertainties relating to the markets and sectors in which the Company operates, and the need to further diversify its financial partners, the Company’s dependence on a limited number of partner companies, the impact of current or future PRC laws or regulations on financial wealth management 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 remedy any non-compliance with the Nasdaq Continuous Listing Criteria. Further information regarding these and other risks, uncertainties or factors is included in the documents filed by the Company with the United States Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and the Company assumes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, unless applicable law requires it. .

About PINTEC

PINTEC is a leading independent technology platform enabling financial services in China. By connecting business and financial partners on its open platform, PINTEC enables them to deliver financial services to end users effectively and efficiently. The Company offers its partners a full suite of personalized solutions, ranging from digital retail loans, digital business loans, robotic process automation, wealth management and insurance products. Leveraging its scalable and reliable technological infrastructure, PINTEC serves a wide range of verticals spanning online travel, e-commerce, telecommunications, online education, SaaS platforms, financial technology, research on Internet and online classifieds and listings, as well as various types of financial partners including banks, brokers, insurance companies, investment funds and trusts, consumer finance companies and others similar institutions. For more information, please visit ir.pintec.com.

For more information, please contact:

Pintec Technology Holdings Ltd.
Telephone: +86 (10) 8564-3600
Email: [email protected]

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SOURCE Pintec Technology Holdings Limited


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