Beijing Xiao Benniao Information Technology Co., Ltd. announced that it has entered into a purchase agreement with Pintec Technology Holdings Limited for gross proceeds of CNY 100,000,000 on August 16, 2021. The company will issue common shares in the transaction. As part of the transaction, the investor acquired a minority stake in the company.

The transaction is subject to the completion of the requisite corporate and other approvals and customary closing conditions.