PINTEC-backed Avatec to Support Efficient Bank Financing for SMEs in ASEAN

BEIJING,March 6,2019 -- Pintec Technology Holdings Ltd. ("PINTEC"; NASDAQ: PT),a leading independent technology platform enabling financial services in China,today announced that Singapore-based United Overseas Bank ("UOB") plans to use Avatec.ai's (S) Pte Ltd ("Avatec") technology as part of an Memorandum of Understanding (MOU) it signed with OctoRocket.asia ("OctoRocket"). Avatec is a joint venture set up by PINTEC and UOB in April 2018 to help banks and finance companies to be more efficient and more accurate when assessing credit quality of potential customers,including those who are new to credit.

According to the MOU signed between UOB and OctoRocket,UOB will enable small businesses that use OctoRocket for at least six months to apply for financing directly via the online platform. UOB plans to use Avatec's technology to assess the applicant's creditworthiness based on its transactional data on OctoRocket,removing the need for applicants to submit their company's financial statements when applying for financing.

Avatec harnesses the power of artificial intelligence and machine learning to gain insights into the applicant's cashflow and day-to-day operations,determining the applicant's credit quality quickly and with more certainty. This will enable UOB to cut the time taken for loan approvals from an average of 2.5 days to just 15 minutes.

"We're glad that Avatec has been making steady progress in the Southeast Asian market," said Zhou Jing,president of PINTEC. "Avatec and the Southeast Asian market are an important part of PINTEC's international expansion efforts. The demand for convenient,responsive,smart and inclusive financing solutions has created huge opportunities for PINTEC,and these are not constrained by geographic distance,as our SaaS model is scalable and applicable to markets beyond China."

PINTEC is actively exploring opportunities to replicate the Company's success in China to overseas markets both in other parts of the Asia Pacific region,as well as new markets including Europe and North Africa. PINTEC's experience and expertise accumulated in the China market is readily transferable to overseas markets,added Zhou,who is leading PINTEC's international business expansion.

Dennis Tan,chief executive officer of Avatec,said,"Avatec's involvement in UOB's and OctoRocket's collaboration demonstrates the value our next-generation credit assessment technology can bring to ASEAN's small businesses who needs access to credit quickly and conveniently as part of their growth plans."

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

PINTEC is a leading independent technology platform enabling financial services in China. With its mission to "Power the Future of Finance",PINTEC aims 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,PINTEC enables 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's services include: consulting services,SaaS technology services and other value-added services. PINTEC has cooperated with a number of business partners and financial partners,including without limitation Xiaomi,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. PINTEC has 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,while PIVOT Fintech Pte. Ltd ("PIVOT"),formed in 2017 to provide robo-advisory services. On October 25,2018,PINTEC was officially listed on the Nasdaq Global Market with American depositary shares trading under the symbol "PT".

For more information,please visit www.pintec.com

Media Inquiries,please contact:

Annie He

PINTEC

Phone: +86-10-8564-3436

yini.he@pintec.com

Edmond Lococo

ICR Inc.

Phone: +86-10-6583-7510

Edmond.Lococo@icrinc.com