PINTEC Enters into Agreement to Transfer Shares of Its Subsidiary
Transaction Announcement: Pintec Technology Holdings Limited has announced a transaction to transfer its entire equity interest in Romantic Park Holdings Limited to Vantage Capital Limited, which includes the assignment of certain debts and claims.
Related-Party Transaction: The transaction is classified as a related-party transaction due to the involvement of an officer from Pintec's variable interest entity, with approval from the Company's Audit Committee and Board of Directors.
Strategic Focus: The Board of Directors stated that this transaction is a significant milestone for Pintec, as it aims to refine its business structure and enhance its focus on providing financial and digital solutions to micro, small, and medium-sized enterprises globally.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's expectations and plans, highlighting potential risks and uncertainties that could affect future results.
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