PINTEC Announces US$4 million Private Placement of Class A Ordinary Shares

BEIJING, March 17, 2023 /PRNewswire/ -- Pintec Technology Holdings Limited (Nasdaq: PT) ("PINTEC" or the "Company"), a leading independent technology platform enabling financial services in China, today announced that it has entered into share purchase agreements with certain investors on March 16, 2023. Under the share purchase agreements, the Company agrees to sell and issue an aggregate of 254,450,000 Class A ordinary shares of the Company for a total purchase price of US$4,000,000. The per share purchase price is approximately US$0.0157, which is calculated as 92% of the average closing sale price of the Company's American depositary shares ("ADSs") during the five trading days immediately prior to March 16, 2023. Each ADS currently represents 35 of the Company's Class A ordinary shares.

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