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.
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 U.S. Private Securities
Litigation Reform Act of 1995. 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. PINTEC may also make written or oral
forward-looking statements in its periodic reports to the U.S.
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 to
third parties. Such statements are based upon management's current
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 Company's control. Forward-looking
statements involve inherent risks, uncertainties and other factors
that could cause actual results to differ materially from those
contained in any such statements. Potential risks and uncertainties
include, but are not limited to, the Company's limited operating
history, regulatory uncertainties relating to the markets and
industries where the Company operates, and the need to further
diversify its financial partners, the Company's reliance on a
limited number of business partners, the impact of current or
future PRC laws or regulations on wealth management financial
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
cure any non-compliance with Nasdaq's continued
listing criteria. 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. All
information provided in this press release is as of the date of
this press release, and the Company does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
About PINTEC
PINTEC is a Nasdaq listing 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