Pintec Technology Holdings Ltd. (NASDAQ: PT) (“Pintec” or the
“Company”), a leading independent fintech solutions provider, today
announced the launch of its partnership with China Dili Group
(HKEX: 1387), one of the largest agricultural produce wholesale
market operators in China. As part of this partnership, PINTEC will
leverage its Credit Value Maximizer (“CVX”) Business Lending
Solutions to provide China Dili Group with a full suite of supply
chain financing solutions. In addition, PINTEC’s ability to
leverage its fintech capabilities in the empowerment of
brick-and-mortar businesses will enable it to help digitize the
supply chain financing operations of China Dili Group.
The Company’s CVX Business Lending Platform
assists both financial institutions and commercial enterprises to
manage their credit financing processes. By addressing various pain
points throughout the credit financing life cycle, including labor
costs, approval cycles, and risk controls, the CVX Business Lending
Solutions will enable China Dili Group to unify its credit
financing business management, standardize its risk control
procedures, digitize its data collection systems, and automate its
data analysis processes.
Pintec’s CVX Business Lending Solutions have
proven to be effective in the efficient management of enterprise
credit financing processes. These solutions have been widely
adopted by industry players as a result. Currently, businesses in
countries, including Australia, Austria, Ireland, and Germany, are
actively leveraging Pintec’s CVX Business Lending Solutions to
enhance their automotive supply chain financing processes,
enterprise credit management systems, and microfinance banking
services. Additionally, world-class financial institutions and
multinational enterprises, such as Toyota Financial Services, Judo
Bank, and the National Australia Bank, have also found success
using these solutions.
Mr. Victor Li, executive vice president of
Pintec, commented, “We are excited to partner with China Dili
Group, one of the largest agricultural produce wholesale market
operators in China. Our ability to address our partners’ needs
through the development of custom supply chain financing solutions
is a direct result of our extensive experience in providing
finance-focused services as well as our technology capabilities in
machine learning, big data, and cloud computing. By leveraging our
industry-leading expertise in these areas, we have been able to
develop intelligent solutions that are capable of not only helping
our partner institutions to efficiently digitize their businesses,
but also bolster their competitive advantages and enhance their
customer service quality. We are confident that our strong value
proposition will remain attractive to those businesses around the
world that are interested in improving their operating efficiencies
as well as increasing their business scale and will thus enable us
to continue growing our partner base going forward.”
About China Dili Group
China Dili Group is one of the leading operators
of agricultural produce wholesale markets in China. It is listed on
the Hong Kong Stock Exchange (stock code: HK.01387). The group
currently operates 10 wholesale markets in 7 cities, including
Harbin, Qiqihar, Mudanjiang, Shenyang, Shouguang, Guiyang and
Hangzhou, with gross floor area over 1.50 million sq.m. The
principle function of the markets is for the wholesale and retail
of agricultural produce, mainly vegetables, fruits, seafood, frozen
food, grain, oil and other food produce from China nationwide as
well as from other countries in the world.
About Pintec
Pintec 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 digital retail lending, digital
business lending, RPA, 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 and other similar
institutions. For more information, please visit ir.pintec.com.
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 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.
Investor Relations Contact
Joyce 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
Pintec Technology (NASDAQ:PT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Pintec Technology (NASDAQ:PT)
Historical Stock Chart
From Apr 2023 to Apr 2024