PINTEC Entered into a Property Purchase Agreement
On December 14, 2020, Pintec Technology Holdings Limited (Nasdaq: PT) (PINTEC or the Company), through its wholly-owned subsidiary
Pintec (Yinchuan) Technology Co., Ltd., entered into an agreement for the purchase of a commercial property with a total construction area of approximately 15,700 square meters located in Yinchuan, Ningxia province, China, with a consideration of
RMB94.5 million. The Company intends to finance the transaction with bank loans and its working capital. The Company intends to lease such commercial property to third-part property management companies to generate rental revenues. The transaction
is subject to customary closing conditions.
Safe Harbor Statement
This announcement 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, PINTECs 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 managements 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 Companys 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 Companys limited operating history, regulatory uncertainties relating to
online consumer finance in China, the Companys reliance on Jimu Group for a significant portion of its funding and the need to further diversify its financial partners, the Companys 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 Companys 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 Nasdaqs continued listing criteria. Further information regarding these and other risks,
uncertainties or factors is included in the Companys filings with the U.S. Securities and Exchange Commission. All information provided herein is as of the date of this announcement, 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.