PINTEC Aids Launch of Next-Generation Handset Financing for China Mobile's Subscribers

BEIJING,Jan. 25,2019 -- Pintec Technology Holdings Limited ("PINTEC") (Nasdaq: PT),a leading independent technology platform enabling financial services in China,today announced it has joined a partnership to help launch next-generation handset financing for China Mobile's subscribers.

PINTEC,together with a national consumer financial company approved by the China Banking Regulatory Commission,will develop a digital lending solution for China Mobile Group Electronic Commerce Co. Ltd. ("China Mobile E-commerce"),a fully-owned subsidiary of China Mobile Ltd. that specializes in mobile payment technologies and operations.

China Mobile E-commerce runs the carrier's Hebao business,an NFC-based mobile payment system that functions as a digital wallet targeting personal and institutional clients. China Mobile is the country's largest mobile telecom company by market capitalization,with the world's largest network and customer base of over 902 million subscribers,as of June 2018.

Leveraging its state-of-the-art financial technologies and rich experience in customer acquisition and point-of-sale financing,PINTEC's installment loan solution will help add an efficient financing option to Hebao that allows customers to buy mobile phones online and offline with zero or limited down payment.

The installment loans will be fully covered by cash incentives offered by China Mobile,which means customers can enjoy price reductions averaged at RMB1,500 ($222) on handset orders,depending on their line of credit,subscription plans,and incentive policies from province to province.

"The new services will largely help ease the financial pressure of customers and boost the consumption of mobile phones," said PINTEC President Zhou Jing. "It's a win-win situation. With PINTEC's fintech knowhow,I believe this partnership will bring customers a superb handset shopping experience in the future."

Consumer electronics such as mobile phones have been upgrading fast in recent years,driven by IT development and market competition,which boosts consumer demand for these products. According to a recent report from Counterpoint Research,a global industry analysis firm,Chinese consumers update their mobile phones every 22 months,while the global average is 21 months.

"We see a huge market in handset financing,which will in turn help lure and retain customers," said Zhou. "PINTEC is more than willing and has full capabilities to further tap into this same market beyond China,together with local telecom operators and other potential partners. Our customizable and modular digital lending solutions,based on technologies including artificial intelligence and big data,are readily replicable and transferrable with high efficiency and effectiveness."

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934,as amended,and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions,and relate to events that involve known or unknown risks,uncertainties and other factors,all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks,uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Information regarding these and other risks,uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release,and PINTEC does not undertake any obligation to update any forward-looking statement as a result of new information,future events or otherwise,except as required under applicable law.

About PINTEC

PINTECis a leading independent technology platform enabling financial services inChina. With its mission to "Power the Future of Finance",PINTECaims to advance financial services by providing customizable and modular fintech solutions to its financial and business partners. In fields such as online travel,e-commerce,telecommunications,online education,SaaS Platforms,financial technology,internet search,and online classifieds and listings,PINTECenables financial services for institutional partners with point-of-sale financing solutions,personal installment loan solutions,business installment loan solutions,wealth management solutions and insurance solutions.PINTEC'sservices include: consulting services,SaaS technology services and other value-added services.PINTEChascooperated with a number of business partners and financial partners,including without limitationXiaomi,Qunar,Ctrip,China Telecom BestPay,Vip.com,shouqianba.com,Minsheng Securities,Orient Securities,Yunnan Trust,Guoyuan Securities,China National Investment & Guaranty Corporation,Fullerton Financial Holdings.PINTEChas launched two joint ventures to serve the Southeast Asian market: Avatec.ai (S)Pte. Ltd,formed in 2018 to offer credit assessment services and solutions,whilePIVOT Fintech Pte. Ltd("PIVOT"),formed in 2017 to provide robo-advisory services. OnOctober 25,2018,PINTECwas officially listed on theNasdaq Global Marketwith American depositary shares trading under the symbol "PT".

For more information,please visit www.pintec.com

Media Inquiries,please contact:

PINTEC

Annie He

Phone: +86 152 0141 9749

yini.he@pintec.com

ICR Inc.

Edmond Lococo

Phone: +86 (10) 6583-7510

Edmond.Lococo@icrinc.com

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