PINTEC Announces Changes to Management and Board of Directors

BEIJING, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Pintec Technology Holdings Limited (Nasdaq: PT) (“PINTEC” or the “Company”), a leading independent technology platform enabling financial services in China, today announced the appointment of Dr. Victor Huike Li as chief executive officer and director 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 (the “Board”) 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, a leading supplier of credit management solutions in Australia. Dr. Li joined PINTEC in 2019 subsequent to the acquisition of InfraRisk. After joining the Company, Dr. Li first served as head of international business and then as executive vice president for the Company prior to his current roles. Dr. Li holds a Ph.D. in Computer Science from the University of Melbourne as well as a master’s and bachelor’s degree in Electrical Engineering from the Beijing Institute of Technology.

The Board would like to express its thanks to Mr. Wei and Ms. Peng for their contributions, efforts, and dedication over the years. Mr. Wei’s outstanding leadership in the face of marketplace challenges was particularly inspiring, and the Board wishes him a speedy recovery. While serving as the head of the Company’s international business, Dr. Li has demonstrated unparalleled efficiency in spearheading the Company’s global expansion initiatives. With Dr. Li at the helm of the Company and a team of seasoned industry professionals by his side, PINTEC is well-positioned to further optimize its fintech solution offerings and expand its market leadership going forward. The Board would also like to thank Mr. Dong for serving as acting chief executive officer after Mr. Wei went on leave. The Board looks forward to continue working with Mr. Dong and Mr. Wei as both continue to occupy roles on the Board and remains confident in the Company’s ability to overcome the current short-term market challenges.