PINTEC Announces Management Change
04 February 2020 - 10:00PM
Pintec Technology Holdings Limited (Nasdaq: PT) (“PINTEC” or the
“Company”), a leading independent technology platform enabling
financial services in China, today appointed Ms. Hefei Xu to head
its risk management department. In this role, Ms. Xu will lead the
Company’s risk management program for PINTEC’s business lines. Ms.
Xu will replace Mr. Hai Tong in this role. Mr. Tong has resigned
from his position as Chief Risk Officer but will continue providing
support to the Company during the transition period.
Ms. Hefei Xu has extensive experience in risk
management practices, including such related areas as personal
credit loans, SME loans, installment loans, and other cash loan
products. Ms. Xu specializes in the development of risk management
strategies and models, as well as the optimization of risk
management procedures. Prior to joining PINTEC’s risk management
department in 2015, Ms. Xu developed extensive expertise in the
modeling and analysis of personal and SME loans as a business
analytics manager for GE Capital International Services, the
financial services division of General Electric Company. Ms. Xu
holds a Master of Science degree in Mathematics and Finance from
Rutgers University.
Mr. Jun Dong, acting Chief Executive Officer of
PINTEC, commented, “We are excited to announce Hefei’s promotion to
head our risk management department. Given her extensive financial
experience, proven leadership capabilities, and thorough knowledge
of best practices in risk management and compliance, we are
confident in her ability to excel in the role. We would also like
to express our gratitude towards Hai for his contributions to the
team in the past. Meanwhile, with Hefei at the helm of our risk
management efforts, we will further strengthen our operational
structure and bolster our risk management capabilities going
forward. We are confident that the exceptional talent of our risk
management division will continue to serve as a key competitive
advantage, enabling us to expand our business and better serve the
growing needs of our financial and business partners.”
Safe Harbor StatementThis 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 online consumer finance in China, the Company’s
reliance on Jimu Group for a significant portion of its funding 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, publicity regarding the consumer finance
industry and the evolving regulatory environment governing this
industry in China, 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 PINTECPINTEC 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 provide financial services to end
users efficiently and effectively. The Company offers its partners
a full suite of customized solutions, ranging from point-of-sale
financing, personal installment loans and business installment
loans, to wealth management and insurance products. Leveraging its
scalable and reliable technology infrastructure, PINTEC serves a
wide range of industry verticals covering online travel,
e-commerce, telecommunications, online education, SaaS platforms,
financial technology, internet search, 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, peer-to-peer platforms and other
similar institutions. For more information, please visit
ir.pintec.com.
Investor Relations ContactJoyce
TangPintec Technology Holdings Ltd.Phone: +1-646-308-1622E-mail:
ir@pintec.com
Jack WangICR Inc.Phone: +1-646-308-1622E-mail:
pintec@icrinc.com
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