Financial Performance and Compliance - The company raised approximately US$40.7 million in net proceeds from its initial public offering on October 24, 2018[342]. - The company received notification from Nasdaq on December 9, 2021, for not complying with the minimum bid price requirement, with a closing price below US$1.00 for 30 consecutive trading days[353]. - The company amended the ratio of its ADS from one ADS representing seven Class A ordinary shares to one ADS representing thirty-five Class A ordinary shares on May 13, 2022[354]. - The company regained compliance with Nasdaq's minimum bid price requirement on June 2, 2022, after the ADS ratio change[355]. - On March 17, 2023, the company announced share purchase agreements to sell 254,450,000 Class A ordinary shares for a total of US$4,000,000, at a per share price of approximately US$0.0157[359]. - The company regained compliance with Nasdaq's minimum bid price requirement, with the closing bid price at US $1.00 per share for the last 10 consecutive business days[360]. Business Expansion and Acquisitions - In December 2018, the company established Pintec Solutions Pte. Ltd. in Singapore for international business expansion and acquired Anxunying (Tianjin) Commercial Factoring Co., Ltd. from Jimu Group[342]. - The company acquired Ganzhou Aixin Micro Finance for RMB230 million (US$35 million) in March 2019, enhancing its service offerings and data collection capabilities[343]. - On October 22, 2020, the company closed the acquisition of Yinchuan Chuanxi Technology Co., Ltd. for RMB400 million (US$61.3 million)[347]. - The company has established seven joint ventures or subsidiaries outside of China, including partnerships in Southeast Asia and Australia, to expand its market presence[438]. Loan Facilitation and Services - As of December 31, 2022, the company facilitated a cumulative total of approximately RMB49.3 billion (US$7.1 billion) in loans, serving close to 15.6 million borrowers[374]. - The total number of borrowers directly served by the company increased from 617 in 2021 to 946 in 2022, focusing on micro and small loans ranging from RMB5,000 to RMB1 million[375]. - The company provides point-of-sale lending solutions to 25 business partners, including BestPay, and personal installment lending solutions to 14 partners, including Ctrip[365]. - The total volume of point-of-sale installment loans facilitated by the company was approximately RMB0.3 billion, RMB25.6 million, and RMB5.6 million (US$0.8 million) for the years 2020, 2021, and 2022, respectively[379]. - In 2022, approximately 4,397 customers were approved for personal installment loan credit lines with an average credit limit of approximately RMB10,165.0 (US$1,473.8), and the aggregate amount of credit lines approved was RMB61.9 billion (US$9.0 billion)[381]. - The total volume of business installment loans facilitated was approximately RMB122.8 million, RMB76.7 million, and RMB124.5 million (US$18.0 million) for the years ended December 31, 2020, 2021, and 2022, respectively[383]. - Loans provided for MSMEs amounted to approximately RMB52 million, RMB124.0 million, and RMB227.8 million (US$33.0 million) for the years ended December 31, 2020, 2021, and 2022, respectively[384]. Risk Management and Technology - The company has established a strong risk management team with nine independent functions, enhancing its capabilities in fraud detection and prevention[421]. - The loan application and credit approval process can be completed within 10 seconds for the majority of applications, showcasing the company's operational efficiency[423]. - The credit assessment engine evaluates loan applications using over 10,000 data points, applying machine learning models for risk-based pricing decisions[416]. - The company utilizes a proprietary big data database, Data Lake, aggregating data from over 50 sources to enhance credit assessment efficiency and reduce costs[399]. - More than 99% of loan applications are processed and approved automatically through the company's credit assessment system[401]. - Advanced AI technologies are utilized for fraud detection, credit risk pricing, and asset allocation, leading to improved operational efficiencies[428]. Regulatory Environment - The PRC Foreign Investment Law establishes a pre-access national treatment plus negative list management system for foreign investment, effective January 1, 2022, expanding the scope of permitted foreign investment industries[450]. - The Negative List (2021 version) categorizes industries into restricted and prohibited, with specific restrictions on shareholding percentages and joint ventures for restricted industries[450]. - The registered capital requirement for a microfinance company is at least RMB5.0 million for limited liability companies and RMB10.0 million for companies limited by shares[454]. - The CBIRC's Administrative Measures for Consumer Protection became effective on March 1, 2023, requiring banking and insurance institutions to establish consumer protection mechanisms[467]. - The Law on Securities Investment Funds mandates registration or record-filing for institutions engaging in fund sales, with specific requirements for publicly raised securities investment fund distributors[469]. - The company must comply with the Regulations for Administration of Mobile Internet Application Information Services, which require obtaining relevant qualifications for mobile applications[479]. Market Trends and Challenges - The company has shifted its focus towards high-quality products and partnerships with industry leaders, improving loan repayment performance[418]. - The company has maintained a favorable position compared to peers during the COVID-19 pandemic due to its focus on consumption scenarios and agile risk management strategies[420]. - The company experiences seasonal fluctuations in transaction volume, particularly around major holidays in China[443]. - The company faces significant competition for skilled personnel, which is critical for its growth strategy[440].

Financial Position - Pintec Technology Holdings Limited's total assets as of December 31, 2021, amounted to RMB 761,233,000, a decrease from RMB 978,504,000 in 2020[18] - The company's total liabilities were RMB 826,262,000 as of December 31, 2021, compared to RMB 930,454,000 in 2020, indicating a reduction in financial obligations[18] - The cash and cash equivalents for Pintec decreased from RMB 377,160,000 in 2020 to RMB 217,901,000 in 2021, reflecting a significant decline in liquidity[18] - Pintec's total equity deficit increased from RMB 118,937,000 in 2020 to RMB 224,929,000 in 2021, highlighting ongoing financial challenges[18] - Total revenues for the year ended December 31, 2021 were RMB 173,240 thousand, a significant decrease from RMB 378,264 thousand in 2020[26] - The gross profit for the year ended December 31, 2021 was RMB 83,520 thousand, compared to RMB 92,490 thousand in 2020, indicating a decline in profitability[26] - The net loss for the year ended December 31, 2021 was RMB 108,820 thousand, which is an increase from a net loss of RMB 296,140 thousand in 2020[26] Revenue and Profitability - Total revenues for the year ended December 31, 2019, were $1,285,236 million, with a significant contribution from VIEs at $1,280,814 million[19] - The net loss attributable to Pintec's shareholders for the year ended December 31, 2019, was $905,895 million, reflecting a challenging operational environment[19] - Operating expenses totaled $1,243,983 million for the year ended December 31, 2019, indicating a high cost structure relative to revenues[19] - For the year ended December 31, 2020, total revenues increased to $378,264 million, with a notable contribution from WFOEs at $80,857 million[20] - The net loss attributable to Pintec's shareholders for the year ended December 31, 2020, was $293,935 million, showing a reduction in losses compared to the previous year[20] - For the year ended December 31, 2021, total revenues were $173,240 million, with a significant portion coming from VIEs at $148,957 million[20] - The net loss attributable to Pintec's shareholders for the year ended December 31, 2021, was $101,729 million, reflecting ongoing challenges in profitability[20] Regulatory Environment - The company is subject to significant oversight by the Chinese government, which may impact its operations and value of its American Depositary Shares (ADSs)[15] - The company has obtained the necessary licenses and permits from PRC authorities for its operations, but future requirements may arise due to evolving regulations[15] - Regulatory uncertainties in China regarding consumer finance may materially affect the company's business and results of operations[43] - The company is subject to extensive and evolving legal regulations in China, which may materially affect its business and financial condition[44] - The company may face penalties if deemed to operate a financing guarantee business without the necessary approvals, which could significantly impact its operations[52] - The company is not regulated as a financial service provider but may be affected by PRC financial regulations related to wealth management products on its platform[76] - The company may face scrutiny from PRC tax authorities regarding contractual arrangements, potentially leading to additional tax liabilities[199] Operational Challenges - The company has been adversely affected by the COVID-19 pandemic, impacting its business operations and financial condition[43] - Loan volume decreased by 59% in 2021 compared to 2020 due to the impact of the COVID-19 pandemic and market challenges[85] - The COVID-19 pandemic has led to temporary closures and significant operational challenges, impacting the company's business partners, particularly in the online travel agency and telecom industries[84] - The company has ceased facilitating loans through technology enablement platforms since February 2020, reducing exposure to associated risks[72] - The company has experienced significant changes in management, including multiple resignations and appointments, which may disrupt business operations and financial conditions[144] Business Model and Strategy - The company is shifting its business focus towards digital-centric services while reducing risk-sharing services in response to market conditions[85] - The company's business model is unproven and relies on acquiring more business and financial partners to achieve higher transaction volumes[94] - The company aims for rapid growth, which may strain management and operational resources, potentially leading to expenses growing faster than revenues[140] - The company’s partnerships are not exclusive, and contracts typically last one year, which poses risks if partners change policies or do not renew agreements[79] Risks and Liabilities - The company may face significant volatility in its trading price due to evolving PRC financial regulations affecting the consumer finance industry[75] - The company may face increased costs and potential sanctions if it or its financial partners fail to comply with anti-money laundering laws and regulations[97] - The company has limited insurance coverage, which may expose it to significant costs and business disruptions, as it does not maintain property or business interruption insurance[175] - The company may face material and adverse tax consequences if the PRC tax authorities determine that contractual arrangements among its variable interest entities were not entered into on an arm's length basis, potentially leading to increased tax liabilities[200] Cybersecurity and Data Protection - The company has implemented security measures to protect user data, but risks of breaches remain due to various vulnerabilities[121] - The evolving cybersecurity regulations in China present uncertainties that could disrupt operations and adversely affect business results[125] - The company relies on third-party data for credit assessments, which may be inaccurate, potentially leading to mispricing of loans[132] International Expansion - The company is expanding internationally, having established seven joint ventures or subsidiaries outside of China, which may expose it to additional operational risks[177] Internal Controls and Compliance - A material weakness in internal control over financial reporting was identified, which could result in significant misstatements in future financial statements if not addressed[162] - The company has identified material weaknesses and control deficiencies in its internal control over financial reporting, which may lead to inaccuracies in financial statements and compliance issues[163] - If the PCAOB cannot inspect the company's auditors for three consecutive years, trading of the company's ADSs may be prohibited, adversely affecting investment value[167]

Pintec Technology Holdings Limited (NASDAQ:PT) Q4 2020 Earnings Conference Call April 14, 2021 8:00 AM ET Company Participants Joyce Tang - Director of Investor Relations Victor Li - Chief Executive Officer Steven Sim - Chief Financial Officer Conference Call Participants Operator Good day and welcome to the Pintec Full Year 2020 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. ...

Pintec Technology Holdings Limited (NASDAQ:PT) Q2 2020 Results Conference Call September 21, 2020 8:00 AM ET Company Participants Joyce Tang - IR Director Victor Li - CEO Steven Sim - CFO Conference Call Participants Daphne Poon - Citigroup Operator Good morning and good evening everyone. Thank you for standing by and welcome to Pintec Technology Holdings Limited's First Half 2020 Earnings Call. At this time, all participants are in a listen-only mode. After today's presentation, there will be an opportun ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO S ...

Pintec Technology Holdings Limited (NASDAQ:PT) Q4 2019 Earnings Conference Call June 15, 2020 8:00 AM ET Company Participants Joyce Tang - IR Director Allen Dong - Chairman and Acting CEO Steven Sim - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by and welcome to the Pintec Technology Holdings Limited's Full-Year 2019 Earnings Conference Call and at this time all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-a ...

Pintec Technology Holdings Limited (NASDAQ:PT) Q2 2019 Results Earnings Conference Call September 23, 2019 7:30 AM ET Company Participants Joyce Tang - IR Director Allen Dong - Chairman and acting CEO Steven Sim - CFO Conference Call Participants Daphne Poon - Citibank Operator Good morning and good evening, everyone. Thank you for standing by, and welcome to Pintec Technology Holdings First Half of 2019 Earnings Call. [Operator Instructions] Now, I'll turn the call over to your speaker host today, Ms. Joyc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018. OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR o SHELL COMPANY REPORT PURSUANT TO S ...