Pintec Technology Holdings Limited announced Mr. Zexiong Huang will be its Chief Executive Officer, acting Chief Financial Officer, and director of the board of directors (the "Board") of the Company, effective immediately. Mr. Victor Huike Li has resigned from his position as the Company's Chief Executive Officer, acting Chief Financial Officer, and director for personal reasons on December 27, 2022, with effect from January 27, 2023. In addition, Mr. Zehua Shi, Mr. Jimin Zhuo and Mr. Yong Chen have all resigned from the Board due to personal reasons on December 27, 2022, with effect from January 27, 2023.

Their resignations did not result from any disagreement with the Company, its management, the Board, or any committee of the Board, on any matter relating to the Company's operations, policies or practices. Relevant competent directors and officers have been appointed to fill in their vacancies with effect from January 27, 2023. Mr. Zexiong Huang has over 10 years of experience in the financial industry as well as the financial services industry, specializing in SME financial services, financing and guarantee, consumer finance, real estate mortgage financing, microfinance, and other financial products.

He has held various senior management positions in mainland China and Hong Kong, and has gained comprehensive industry experience in the areas of consulting, business development, financial operations, and management. Mr. Huang was an executive director and the Chief Executive Officer of JIMU GROUP LIMITED (8187.HK) from June 2020 to May 2022. He has been a consultant of the Company's digital SME business unit since 2021 and has been the executive Vice President of the Group since he joined in 2022.

Mr. Huang holds a bachelor's degree in economics from Yunnan University of Finance and Economics. The Board of Directors would like to express its sincere gratitude to Mr. Li, Mr. Shi, Mr. Zhuo and Mr. Chen for their contributions, efforts, and dedication over the years. PINTEC has survived and retained its core competencies under both market and regulatory pressures with the outstanding leadership of Mr. Li.

The Board and management thank Mr. Li for his contributions to the Company and wish him all the best in the future. Under the leadership of Mr. Huang and a team of experienced industry professionals, PINTEC is well positioned to further optimize its digital MSME eco-enabling products and expand its market leadership position going forward and is confident in the Company's ability to overcome the current short-term market challenges.