PINTEC Enters into Agreement to Transfer Shares of Its Subsidiary
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The transfer and assignment constitute a related-party transaction, as the controlling shareholder of the Transferee is an officer having responsibility for planning, directing and controlling the activities of Pintec Jinke (Beijing) Technology Information Co., Ltd. , a variable interest entity of the Company. The Company's Audit Committee and the Board of Directors have reviewed and approved the transaction in due course.
The Company's Board of Directors, commented, "This transaction marks a significant milestone for PINTEC as the Company continues to refine its business structure and focus on delivering financial and digital solutions to micro, small and medium-sized enterprises worldwide." The closing of the transaction is subject to the satisfaction of customary closing conditions and is expected to take place no later than
The foregoing description of the transaction does not purport to be complete and is qualified in its entirety by the full text of the agreements attached as an exhibits to a Current Report on Form 6-K to be filed with the U.S. Securities and Exchange Commission.
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
About PINTEC
PINTEC is a Nasdaq-listed technology company dedicated to delivering innovative financial and digital solutions to micro, small, and medium enterprises worldwide. Through its open platform, PINTEC connects business partners and financial institutions, enabling them to provide efficient, technology-driven services to end users across international markets. By empowering partners with embedded financing capabilities and advanced digital tools, PINTEC helps businesses expand their offerings and supports financial institutions in reaching new customer segments in the digital economy. PINTEC continues to deliver exceptional digitization services, diversified financial products, and best-in-class solutions powered by cutting-edge technology, strengthening partnerships and meeting global client needs. For more information, please visit ir.Pintec.com.
View original content:https://www.prnewswire.com/news-releases/pintec-enters-into-agreement-to-transfer-shares-of-its-subsidiary-302613196.html
SOURCE Pintec Technology Holdings Limited
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