Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Dawei Chen was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 25
Pintec Technology Holdings Limited Announces Changes in the Board of Directors Pintec Technology Holdings Limited announced that its directors, Mr. Chao Chen and Mr. Tixin Li, resigned from their respective roles on the board of directors of the Company (the "Board"). Their resignations did not result from any disagreement with the Company. To fill these vacancies, the Board has appointed Mr. Xin Yang and Mr. Hao Liu as directors of the Board. Mr. Yang has been serving as the Company's chief financial officer since December 29, 2023. Mr. Yang has 20 years of experience in accounting and financial management. Prior to joining the Company, Mr. Yang served as chief financial officer at Shenzhen Longchengfa Technology Co. Ltd. from October 2021 to December 2023. Mr. Yang received his bachelor's degree from Central University of Finance and Economics in 2004. Mr. Liu has been serving as an independent director of 3 E NETWORK TECHNOLOGY GROUP LIMITED since December 2024. Prior to that, Mr. Liu held roles of co-founder and chief executive officer at Jeethen Capital from January 2020 to December 2024, overseeing the firm's strategic direction and daily operations. From March to August 2021, Mr. Liu served as CEO and director at Mercurity Fintech Holding Inc., where he led the company's successful business transformation and service optimization. From October 2017 to February 2019, Mr. Liu served as chief technology officer at Huasheng Securities, where he enhanced the firm's fintech infrastructure and digital services through his technical leadership. Mr. Liu also leverages his deep technical expertise and financial industry insight as an angel investor supporting multiple innovative fintech startups. Mr. Liu earned a Bachelor's Degree in Software Engineering from Nanjing University of Science and Technology in 2008. Reported Earnings • May 03
Full year 2023 earnings released: CN¥5.57 loss per share (vs CN¥22.18 loss in FY 2022) Full year 2023 results: CN¥5.57 loss per share (improved from CN¥22.18 loss in FY 2022). Revenue: CN¥52.7m (down 29% from FY 2022). Net loss: CN¥78.8m (loss narrowed 59% from FY 2022). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 02
First half 2023 earnings released: EPS: CN¥0.06 (vs CN¥14.24 loss in 1H 2022) First half 2023 results: EPS: CN¥0.06 (up from CN¥14.24 loss in 1H 2022). Revenue: CN¥35.1m (down 12% from 1H 2022). Net income: CN¥739.0k (up CN¥122.8m from 1H 2022). Profit margin: 2.1% (up from net loss in 1H 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. 공시 • Dec 30
Pintec Technology Holdings Limited Announces Chief Financial Officer Changes Pintec Technology Holdings Limited announced the appointment of Mr. Xin Yang as Chief Financial Officer of the Company, effective on December 29, 2023. Mr. Zexiong Huang has resigned from his position as the acting Chief Financial Officer of the Company and will continue to serve as the Chief Executive Officer and a member of the board of directors of the Company. Mr. Xin Yang, age 42, has 20 years of experience in accounting and financial management. Mr. Yang is proficient in financial statement preparation and analysis, international finance, and other accounting principles and knowledge. Mr. Yang served important positions in the financial department including CFO in his previous employment with other companies in China. Mr. Yang received his bachelor's degree from Central University of Finance and Economics in 2004. New Risk • Dec 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CN¥247m). Earnings have declined by 8.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (84% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (US$18.3m market cap). 공시 • Aug 22
Pintec Technology Holdings Limited Announces Board and Committee Changes On August 16, 2023, the Board of Directors of Pintec Technology Holdings Limited received a resignation letter from Ms. Xueping NING, a member of the Board and a member of the Board’s Audit Committee and Compensation Committees, effective on August 18, 2023. Ms. Ning’s resignation is due to her personal reason and not because of any disagreement with the Company, its management or its other directors. On August 16, 2023, the Board appointed Mr. Dawei Chen as a member of the Board and a member of the Board’s Audit Committee and Compensation Committees, effective on August 18, 2023, to fill the vacancy following the resignation of Ms. Xueping NING. Mr. Dawei Chen, age 50, has served as the Chief Financial Officer of Skillful Craftsman Education Technology Limited since August 2021 and served as its Chief Strategy Officer from January 2021 to August 2021. Mr. Chen was the vice president of Wuhan Incar Technology Co. Ltd. from January 2018 to February 2020. Mr. Chen had served in several senior positions with leading multinational corporations and consulting firms, where he gained extensive experience in strategic planning and management consultancy. Over the past ten years, Mr. Chen focused on equity investment, with more than 20 successful IPOs and M&A transactions mainly in education, high-end manufacturing, IT infrastructure, Blockchain technology, and e-commerce. Additionally, Mr. Chen served as a senior consultant for several Chinese companies listed abroad and took key roles in financing advisory and investor relations. Mr. Chen holds a bachelor’s degree from Beijing University of Posts and Telecommunications (BUPT), a Master of Engineering degree from Beijing Jiaotong University (BJTU) and an MBA degree from Concordia University in Canada. New Risk • Jun 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 84% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CN¥247m). Earnings have declined by 8.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (84% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$13.7m market cap). Reported Earnings • May 17
Full year 2022 earnings released: CN¥22.18 loss per share (vs CN¥11.88 loss in FY 2021) Full year 2022 results: CN¥22.18 loss per share (further deteriorated from CN¥11.88 loss in FY 2021). Revenue: CN¥74.6m (down 57% from FY 2021). Net loss: CN¥190.2m (loss widened 87% from FY 2021). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 26
First half 2022 earnings released: CN¥14.24 loss per share (vs CN¥4.53 loss in 1H 2021) First half 2022 results: CN¥14.24 loss per share (further deteriorated from CN¥4.53 loss in 1H 2021). Revenue: CN¥39.8m (down 56% from 1H 2021). Net loss: CN¥122.0m (loss widened 215% from 1H 2021). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xueping Ning was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jun 03
Pintec Regains Compliance with Nasdaq Minimum Bid Price Requirement Pintec Technology Holdings Limited announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq"), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1). On June 1, 2022, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days, from May 16, 2022 to May 27, 2022, the closing bid price of the Company's common stock has been at US$1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5450(a)(1) and this matter is now closed. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xueping Ning was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Board Change • Feb 05
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xueping Ning was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 공시 • Jan 30
Pintec Technology Holdings Limited Announces Board Changes On January 28, 2022, Mr. Tixin Li was appointed as a new member of the Board of Pintec Technology Holdings Limited to fill in the vacancy created by Mr. Wei’s resignation effective immediately. Mr. Tixin Li has extensive experience in the finance sector. Mr. Li has served as the executive director for Yuanfeng (Shenzhen) Asset Management Company Limited since March 2017. From July 2014 to March 2017, Mr. Li served as a postdoctoral researcher for China Guangfa Bank. In addition, from July 2004 to November 2012, Mr. Li held several positions at the People’s Bank of China, Kunming central branch. 공시 • Dec 13
Pintec Receives NASDAQ Notification Regarding Minimum Bid Price Compliance Pintec Technology Holdings Limited announced that it received notification from NASDAQ Listing Qualifications ("NASDAQ") on December 9, 2019 that it is not in compliance with the minimum bid price requirement set forth in Listing Rules for continued listing on the NASDAQ Stock Exchange as the closing price of the Company's ADSs have been less than US$1 over a consecutive 30-trading-day period. In accordance with Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days from the date of notification, being until June 6, 2022, to regain compliance with the minimum bid price. In order to regain compliance, the Company's ADSs must have a closing bid price of at least US$1 for a minimum of 10 consecutive trading days. In the event that the Company does not regain compliance during the first notice period of 180 calendar days, or by June 6, 2022, the Company may be eligible for additional time to regain compliance or may face delisting from the exchange. The Company is currently in compliance with all other NASDAQ continued listing standards. The NASDAQ notification does not affect the Company's business operations or its Securities and Exchange Commission reporting requirements. 공시 • Sep 02
Pintec Technology Holdings Limited Announces Sme Digitization Total Solution Offering and Deconsolidation of Certain Non-Core Digital Technical Services Pintec Technology Holdings Limited, announced its decision to expand its technical services to focus on better empowering the small and medium enterprise ("SME") ecosystem, by leveraging the Company's advanced technology in big data, artificial intelligence, and cloud-based infrastructure. Specifically, the Company plans to utilize its "SaaS + Fintech" model as a total solution in order to accelerate the digitization of SMEs, encompassing technology-based credit services and solutions to the manufacturing process and operations of the SMEs. Part of this decision requires strategic review of the Company's existing operations in order to optimize resource and talent deployment. As a result, the Company has determined to restructure certain non-core technical services, which require long-term investment but may generate negative earnings currently and in the foreseeable future, by transferring out 85% of its equity interest in FT Synergy Pte. Ltd. ("FT") at nil consideration (the "Deconsolidation"). Upon the completion of this deconsolidation, the financial results of FT will no longer be included in the Company's consolidated financial statements, therefore eliminating its negative financial impacts to the Company. Going forward, the Company will be focused on offering of comprehensive technology-based credit services and solutions to SMEs. As a leading developer for credit services, PINTEC initiated a technology-based credit assessment system for SMEs as early as 2016. PINTEC's technology-based credit services and solutions focus on customer acquisition and risk control, and were adopted in several business aspects, including e-commerce, payment, corporate finance and taxation. As of the end of 2020, PINTEC's solution has enabled over 80,000 SMEs in managing their cash flows and needs. Executive Departure • Aug 20
Chief Financial Officer Yuan Ning Sim has left the company On the 12th of August, Yuan Ning Sim's tenure as Chief Financial Officer ended after 4.9 years in the role. We don't have any record of a personal shareholding under Yuan Ning's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.50 years, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Apr 16
Full year 2020 earnings released The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: CN¥378.3m (down 71% from FY 2019). Net loss: CN¥293.9m (loss narrowed 68% from FY 2019). Is New 90 Day High Low • Feb 12
New 90-day high: US$1.73 The company is up 108% from its price of US$0.83 on 13 November 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Finance industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: US$1.29 The company is up 22% from its price of US$1.06 on 27 October 2020. The American market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Finance industry, which is up 29% over the same period. 공시 • Jan 20
Pintec Technology Holdings Limited Announces Executive Changes Pintec Technology Holdings Limited announced that Ms. Xueping Ning was appointed as a successor independent director to serve on the board of directors of the company replacing Mr. Jiacheng Liu, effective January 18, 2021. Mr. Jiacheng Liu resigned from his position as an independent director of the company on the same date. Ms. Ning also replaced Mr. Liu as a member of the audit committee of the board and a member of the compensation committee of the board. Mr. Liu’s resignation was for personal reasons, which did not result from any disagreement with the company on any matter relating to the company’s operations, policies or practice. Ms. Xueping Ning has served as an associate professor and master’s supervisor at the School of Accounting of Shanghai University of International Business and Economics since August 2013. The company also announced that on January 15, 2021, Mr. Ziwei Zhang resigned from his position as the chief marketing officer of the company, effective on the same date. Mr. Zhang’s resignation was for personal reasons, which did not result from any disagreement with the company on any matter relating to the company’s operations, policies or practice. 공시 • Dec 20
Pintec Technology Holdings Limited Cooperates with Aspire Holdings Ltd. to Jointly Develop Advanced Fintech Solutions Pintec Technology Holdings Ltd. announced that it has cooperated with China Mobile Communications Corp. ("CMCC")'s subsidiary Aspire Holdings Ltd. to jointly develop advanced fintech solutions, leveraging Pintec's big data analytics and AI technology capabilities. Pintec has a wealth of experiences in cross-scenario fintech solutions and has supported various AI-enabled business applications to date. Pintec's technological capabilities include big data product design, credit risk modeling, operation and risk management, as well as system development and implementation which perfectly suit Aspire's needs and complement leading ICT capabilities in this area, said Aspire. Pintec offers its partners a full suite of customized solutions by leveraging its scalable and reliable technology infrastructure such as big data analytics, artificial intelligence and process automation. The solutions and services provided range from digital retail lending, digital business lending, robotic process automation, to wealth management and insurance products. 공시 • Nov 28
The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Pintec Technology Holdings Limited (Pt) The Law Offices of Frank R. Cruz reminds investors of the upcoming November 30, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Pintec Technology Holdings Limited securities pursuant and/or traceable to Pintecs October 2018 initial public offering. In October 2018, Pintec completed its IPO in which it sold more than 3.7 million American Depositary Shares at $11.88 per share. The complaint alleges that the Registration Statement was false and misleading and omitted to state material facts. Specifically, Defendants failed to disclose to investors: (1) that Pintec erroneously recorded revenue earned from certain technical service fee on a net basis, rather than a gross basis; (2) that there were material weaknesses in the Company’s internal control over financial reporting related to cash advances outside the normal course of business to Jimu Group, a related party, and to a non-routine loan financing transaction with a third-party entity, Plutux Labs; (3) that, as a result of the foregoing, Pintec’s financial results for fiscal 2017 and 2018 had been misstated; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Pintec’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. 공시 • Nov 12
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Pintec Technology Holdings Limited Glancy Prongay & Murray LLP reminds investors of the upcoming November 30, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Pintec Technology Holdings Limited securities pursuant and/or traceable to Pintec's October 2018 initial public offering. The complaint alleges that the Registration Statement was false and misleading and omitted to state material facts. Specifically, Defendants failed to disclose to investors: that Pintec erroneously recorded revenue earned from certain technical service fee on a net basis, rather than a gross basis; that there were material weaknesses in the Company's internal control over financial reporting related to cash advances outside the normal course of business to Jimu Group, a related party, and to a non-routine loan financing transaction with a third-party entity, Plutux Labs; that, as a result of the foregoing, Pintec's financial results for fiscal 2017 and 2018 had been misstated; and that, as a result of the foregoing, Defendants' positive statements about the Pintec's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. 공시 • Nov 04
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Pintec Technology Holdings Limited Glancy Prongay & Murray LLP reminded investors of the upcoming November 30, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Pintec Technology Holdings Limited securities pursuant and/or traceable to Pintec’s October 2018 initial public offering. The complaint alleges that the Registration Statement was false and misleading and omitted to state material facts. Specifically, Defendants failed to disclose to investors: that Pintec erroneously recorded revenue earned from certain technical service fee on a net basis, rather than a gross basis; that there were material weaknesses in the Company’s internal control over financial reporting related to cash advances outside the normal course of business to Jimu Group, a related party, and to a non-routine loan financing transaction with a third-party entity, Plutux Labs; that, as a result of the foregoing, Pintec’s financial results for fiscal 2017 and 2018 had been misstated; and that, as a result of the foregoing, Defendants’ positive statements about the Pintec’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. Is New 90 Day High Low • Oct 20
New 90-day high: US$1.29 The company is up 1.0% from its price of US$1.28 on 22 July 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 14% over the same period. 공시 • Oct 10
Rosen Law Firm Reminds Pintec Technology Holdings Limited Investors of Important Deadline in Securities Class Action Rosen Law Firm announced that the firm has reminds purchasers of the securities of Pintec Technology Holdings Limited to the registration statement issued in connection with Pintec’s October 2018 initial public offering (of the important November 30, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Pintec investors under the federal securities laws. 공시 • Oct 07
Piwolf Haldenstein Adler Freeman & Herz LLP Announces Securities Class Action Lawsuit Filed Against of Pintec Technology Holdings Limited Wolf Haldenstein Adler Freeman & Herz LLP announced that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased or acquired the American Depositary Receipts of Pintec Technology Holdings Limited pursuant and/or traceable to Pintecs October 2018 initial public offering. If you have incurred losses in the ADRs of PintecTechnology Holdings Limited, may,no later than November 30, 2020, request that the Court appoint lead plaintiff of the proposed class. 공시 • Oct 01
Law Offices of Howard G. Smith Announces the Filing of A Securities Class Action on Behalf of Pintec Technology Holdings Limited Investors Law Offices of Howard G. Smith announced that a class action lawsuit has been filed on behalf of investors who purchased Pintec Technology Holdings Limited securities pursuant and/or traceable to Pintec’s October 2018 initial public offering. Pintec investors have until November 30, 2020 to file a lead plaintiff motion. 공시 • Sep 30
Glancy Prongay & Murray LLP Files Securities Fraud Lawsuit against Pintec Technology Holdings Limited Glancy Prongay & Murray LLP announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Yaroni v. Pintec Technology Holdings Limited, et al., (Case No. 20-cv-08062) on behalf of persons and entities that purchased or otherwise acquired Pintec Technology Holdings Limited securities pursuant and/or traceable to the registration statement and prospectus (collectively, the ‘Registration Statement’) issued in connection with the Company’s October 2018 initial public offering (‘IPO’ or the ‘Offering’). Plaintiff pursues claims under Sections 11 and 15 of the Securities Act of 1933. Investors are hereby notified that they have 60 days from the date of this notice to move the Court to serve as lead plaintiff in this action. On July 30, 2019, after the market closed, the Company filed its fiscal 2018 annual report, in which it restated previously disclosed financial results. Among other things, the Company reported net income of $315,000 for fiscal 2018, compared to its prior disclosure of $1.068 million net income. Pintec also disclosed that there were material weaknesses in its internal control over financial reporting related to cash advances outside the normal course of business to Jimu Group, a related party, and to a non-routine loan financing transaction with a third-party entity, Plutux Labs. On this news, the Company’s share price fell $0.53, or more than 13%, over the next several trading sessions, to close at $3.40 per share on August 5, 2019, thereby injuring investors. Reported Earnings • Sep 23
First half earnings released Over the last 12 months the company has reported total losses of CN¥1.09b, with earnings decreasing by CN¥1.11b from the prior year. Total revenue was CN¥817.2m over the last 12 months, down 15% from the prior year. 공시 • Aug 04
Pintec Technology Holdings Limited Announces Management Changes Pintec Technology Holdings Limited announced the appointment of Dr. Victor Huike Li as chief executive officer of the Company, effective immediately. Mr. Wei Wei, who has been on a medical leave of absence since September 2019, has tendered his resignation as the Company’s chief executive officer for health reasons, and Mr. Jun Dong has resigned from his position as PINTEC’s acting chief executive officer as a result of Dr. Li’s appointment. Both Mr. Wei and Mr. Dong will continue to serve on the board of directors of the Company following their resignations from the Company’s management. In addition, Ms. Xiaomei Peng has resigned from the Board due to personal reasons. Dr. Victor Huike Li is a serial entrepreneur and IT industry veteran, with more than 20 years of experience in building and commercializing cutting-edge technologies. Dr. Li has held multiple senior executive positions in both China and Australia, accumulating a comprehensive set of industry experiences in such areas as R&D, consulting, business development, and management. Dr. Li was the founder and CEO of VanceInfo Technologies Australia Inc., wherein he established the first China-based IT services firm in Australia and drove its expansion across the Asia-Pacific region. Dr. Li was also the co-founder of InfraRisk. 공시 • Jun 16
Pintec Technology Holdings Limited announced delayed 20-F filing On 06/15/2020, Pintec Technology Holdings Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC. 
