PINTEC publicizes adjustments to Nasdaq management and board of administrators: PT
BEIJING, Aug 3, 2020 (GLOBE NEWSWIRE) – Pintec Expertise Holdings Restricted (Nasdaq: PT) (“PINTEC” or the “Firm”), a number one unbiased know-how platform enabling monetary providers in China, introduced at this time the appointment of Dr Victor Huike Li as Chief Govt Officer and Director of the Firm, efficient instantly. Mr. Wei Wei, who has been on sick depart since September 2019, tendered his resignation as CEO of the corporate for well being causes, and Mr. Jun Dong resigned as interim CEO of PINTEC because of the appointment of Dr. Li. Mr. Wei and Mr. Dong will proceed to serve on the board of administrators of the corporate (the “Board”) after their resignation from the administration of the corporate. As well as, Ms. Xiaomei Peng resigned from the Board for private causes.
Dr Victor Huike Li is a serial entrepreneur and laptop business veteran, with over 20 years of expertise constructing and advertising superior know-how. Mr. Li has held a number of administration positions in China and Australia, accumulating a complete set of business experiences in areas resembling R&D, consulting, enterprise improvement and administration. Mr. Li was the Founder and CEO of VanceInfo Applied sciences Australia Inc., the place he established the primary China-based IT providers firm in Australia and led its enlargement into the Asia-Pacific area. Dr Li was additionally a co-founder of InfraRisk, certainly one of Australia’s main suppliers of credit score administration options. Dr Li joined PINTEC in 2019 following the acquisition of InfraRisk. After becoming a member of the corporate, Mr. Li first served as head of worldwide commerce after which as government vice chairman of the corporate earlier than his present position. Dr Li holds a doctorate. in Laptop Science from the College of Melbourne and a Masters and BS in Electrical Engineering from the Beijing Institute of Expertise.
The Board wish to thank Mr. Wei and Ms. Peng for his or her contributions, efforts and dedication through the years. Mr. Wei’s distinctive management within the face of market challenges has been significantly inspiring and the Board needs him a speedy restoration. Whereas main the corporate’s worldwide actions, Mr. Li has demonstrated unparalleled effectivity in main the corporate’s world enlargement initiatives. With Dr Li on the helm of the corporate and a crew of seasoned business professionals by his aspect, PINTEC is nicely positioned to additional optimize its fintech resolution choices and develop its market management sooner or later. The Board would additionally wish to thank Mr. Dong for serving as Interim CEO after Mr. Wei’s departure. The board appears ahead to persevering with to work with Messrs. Dong and Wei, as each proceed to carry board positions and stay assured within the firm’s capacity to beat present market challenges within the close to time period.
Dr. Victor Huike Li, CEO and Director of PINTEC, mentioned, “We’re grateful for the contributions of Mr. Wei and Mr. Dong to PINTEC up to now, as each have helped us navigate a troublesome market setting. and a stable basis for the longer term improvement of the corporate. All of our main traces of enterprise are at the moment on monitor to develop revenues and obtain profitability. With the current institution of a number of partnerships, I’ve full confidence within the present administration crew of the corporate and in our capacity to enter a brand new cycle of progress as we transfer ahead to the top. of the 12 months and past.
Protected Harbor Declaration
This press launch incorporates forward-looking statements. These statements represent “forward-looking” statements throughout the that means of Part 21E of the Securities Change Act of 1934, as amended, and as outlined within the US Non-public Securities Litigation Reform Act of 1995. These forward-looking statements could also be recognized by such terminology. as “will”, “expects”, “anticipates”, “future”, “hears”, “plans”, “believes”, “believes”, “targets”, “assured” and related statements. Amongst different issues, the administration quotes on this announcement, in addition to PINTEC’s strategic and operational plans, comprise forward-looking statements. PINTEC may additionally make written or oral forward-looking statements in its periodic studies to the US Securities and Change Fee, in its annual report back to shareholders, in press releases and different written supplies, and in oral statements made by its officers, administrators or workers to 3rd events. These statements are based mostly on present administration expectations and present market and working circumstances, and relate to occasions that contain recognized or unknown dangers, uncertainties and different components, all of that are troublesome to find out. predict and lots of of that are past the management of society. Ahead-looking statements contain inherent dangers, uncertainties and different components that would trigger precise outcomes to vary materially from these contained in such statements. Potential dangers and uncertainties embody, however will not be restricted to, the corporate’s restricted working historical past, regulatory uncertainties associated to on-line shopper credit score in China, the corporate’s dependence on the group Jimu for a good portion of its funding and the necessity to additional diversify its monetary companions. , the dependence of the corporate on a restricted variety of enterprise companions, the influence of present or future legal guidelines or laws of the PRC on monetary wealth administration merchandise, publicity concerning the credit score business consumption and the evolution of the regulatory setting governing this sector in China, and the corporate’s capacity to satisfy the requirements crucial to take care of the itemizing of its ADSs on the worldwide Nasdaq market, together with its capacity to treatment any failure – compliance with the continual itemizing standards of the Nasdaq. Additional info concerning these and different dangers, uncertainties or components is included within the paperwork filed by the Firm with the US Securities and Change Fee. All info offered on this press launch is as of the date of this press launch, and the Firm doesn’t undertake any obligation to replace any forward-looking statements because of new info, future occasions or in any other case, except required by relevant regulation. .
PINTEC is a number one unbiased know-how platform for monetary providers in China. By connecting enterprise and monetary companions on its open platform, PINTEC permits them to ship monetary providers to finish customers successfully and effectively. The Firm gives its companions a full vary of personalised options, starting from point-of-sale financing, private installment loans and installment loans to companies, to wealth administration and insurance coverage merchandise. Leveraging its scalable and dependable technological infrastructure, PINTEC serves a variety of verticals spanning on-line journey, e-commerce, telecommunications, on-line training, SaaS platforms, monetary know-how, analysis on Web, on-line classifieds and listings, in addition to varied kinds of monetary companions together with banks, brokers, insurance coverage corporations, funding funds and trusts, shopper finance corporations, peer-to-peer platforms and different related establishments. For extra info, please go to ir.pintec.com.
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