BEIJING, Jan. 30,
2024 /PRNewswire/ -- Jianpu Technology Inc. ("Jianpu"
or the "Company") (NYSE: JT), a leading independent open platform
for discovery and recommendation of financial products in
China, today announced that it has
received a letter from the New York Stock Exchange (the "NYSE")
dated January 24, 2024, notifying the
Company that (i) it is below compliance standards due to the
trading price of the Company's American depositary shares (the
"ADSs"), (ii) the applicable cure period for the Company to regain
compliance will expire on July 24,
2024, and (iii) with respect to the previous NYSE letter
dated September 28, 2023 regarding
ADS trading price, the receipt of which was announced by the
Company on October 2, 2023, the NYSE
confirmed that the Company had regained compliance as of
November 30, 2023.
Pursuant to NYSE rule 802.01C, a company will be considered to
be below compliance standards if the average closing price of a
security as reported on the consolidated tape is less than
$1.00 over a consecutive 30
trading-day period. Once notified, the company must bring its share
price and average share price back above $1.00 within the applicable cure period following
receipt of the notification. The company can regain compliance at
any time during the cure period if on the last trading day of any
calendar month during the cure period the company has a closing
share price of at least $1.00 and an
average closing share price of at least $1.00 over the 30 trading-day period ending on
the last trading day of that month. In the event that at the
expiration of the cure period, both a $1.00 closing share price on the last trading day
of the cure period and a $1.00
average closing share price over the 30 trading-day period ending
on the last trading day of the cure period are not attained, the
NYSE will commence suspension and delisting procedures.
To address this issue, Jianpu intends to monitor the market
conditions of its listed securities and is still considering its
options.
About Jianpu Technology Inc.
Jianpu Technology Inc. is a leading independent open platform
for the discovery and recommendation of financial products
in China. The Company connects users with financial service
providers in a convenient, efficient, and secure way. By leveraging
its proprietary technology, Jianpu provides users with customized
search results and recommendations tailored to each user's
particular financial needs and profile. The Company also enables
financial service providers with sales and marketing solutions to
reach and serve their target customers more effectively through
integrated channels and enhance their competitiveness by providing
them with tailored data, risk management services and solutions.
The Company is committed to maintaining an independent open
platform, which allows it to serve the needs of users and financial
service providers impartially. For more information, please
visit http://ir.jianpu.ai.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of 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," "confident" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
Company's goals and strategies; the Company's future business
development, financial condition and results of operations; the
Company's expectations regarding demand for, and market acceptance
of, its solutions and services; the Company's expectations
regarding keeping and strengthening its relationships with users,
financial service providers and other parties it collaborates with;
trends, competition and regulatory policies relating to the
industries the Company operates in; general economic and business
conditions globally and in China;
and assumptions underlying or related to any of the foregoing.
Further information regarding these and other risks is included in
the Company's filings with the SEC. All information provided in
this press release and in the attachments is as of the date of this
press release, and the Company undertakes no obligation to update
any forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Jianpu Technology Inc.
(IR) Liting Lu, E-mail: IR@rong360.com
(PR) Amanda Hu, E-mail: Media@rong360.com
Tel: +86 (10) 6242 7068
Christensen
Suri Cheng,
E-mail: suri.cheng@christensencomms.com
Tel: +86 185 0060 8364
Crystal Lai,
E-mail: crystal.lai@christensencomms.com
Tel: +852 2232 3907
In US:
Christensen
Linda Bergkamp,
E-mail: linda.bergkamp@christensencomms.com
Tel: +1 480 353 6648
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SOURCE Jianpu Technology Inc.
