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InvestHK promotes Hong Kong as Asia’s business launch pad in Eastern Europe and Middle East


HONG KONG SAR – Media OutReach Newswire – 10 May 2025 – ​Invest Hong Kong (InvestHK) announced today (May 10) that the Director-General of Investment Promotion at InvestHK, Ms Alpha Lau, will embark on a series of visits to Istanbul, Türkiye; Budapest, Hungary; and Cairo, Egypt, some of the key economies along the Belt and Road, to strengthen economic ties and promote Hong Kong as the premier gateway for businesses to expand into the Mainland and the Asia-Pacific region.

Ms Lau said, “Hong Kong’s unique advantages as a global financial hub and Asia’s business launch pad make it the perfect partner for enterprises from Türkiye, Hungary and Egypt in expanding into the Mainland, the Association of Southeast Asian Nations (ASEAN) markets, and further in Asia and beyond. Anchored in the Belt and Road Initiative, we look forward to fostering collaboration and showcasing how Hong Kong can drive their success across the region.”

She added that Hong Kong offers unmatched access to the Mainland and the Asia-Pacific region through initiatives such as the Greater Bay Area and its Free Trade Agreement with ASEAN. The city’s business-friendly environment, free capital movement and a robust innovation and technology ecosystem hosting nearly 10 000 companies from overseas and the Mainland, and close to 4 700 start-ups, empowers businesses to innovate and grow.

Ms Lau will arrive in Istanbul tomorrow (May 11, Istanbul time) to engage with Turkish companies from various sectors which are interested in using Hong Kong as a springboard to grow across the Asia-Pacific region. She will speak at different events, including an Istanbul Chamber of Commerce Business Seminar, a Foreign Economic Relations Board of Turkey Business Seminar, and meet with Turkish media to highlight Hong Kong’s business-friendly environment, which includes a low and simple tax regime, free capital flow, and a common law system under the “one country, two systems” principle.

In 2024, Türkiye was Hong Kong’s 30th largest trading partner, with bilateral merchandise trade between the two places amounting to HK$16.6 billion. The Hong Kong–Türkiye comprehensive avoidance of double taxation agreement signed in 2024 enhances tax certainty, facilitating cross-border transactions.

Since Türkiye’s inclusion in Hong Kong’s Dedicated Fund on Branding, Upgrading and Domestic Sales has supported Hong Kong companies expanding into the Turkish market. To further strengthen bilateral business ties, InvestHK set up a second office in Izmir in January 2025 to promote opportunities that Hong Kong offers to Turkish corporates seeking regional expansion.

On May 13 (Budapest time), Ms Lau will arrive in Budapest to meet major Hungarian companies keen on using Hong Kong as a regional hub for Asia-Pacific expansion. She will meet with media to update them on Hong Kong’s latest business environment and opportunities. Ms Lau will also attend the Guangdong-Hong Kong-Macao Greater Bay Area Economic and Trade Cooperation Conference in Hungary.

In 2024, Hungary was Hong Kong’s 33rd largest trading partner and around 9.4 per cent (HK$9.4 billion) of the total merchandise trade between Hungary and the Mainland routed through Hong Kong. Hong Kong serves as a gateway for Hungarian businesses targeting Asian markets, leveraging its role as “super connector” under the Belt and Road Initiative, while Hungary benefits from Hong Kong’s open investment environment. Hungarian manufacturing, technology, and healthtech companies can tap Hong Kong’s vibrant innovation and technology ecosystem, backed by global capital and world-class universities, to grow in ASEAN and China’s Greater Bay Area.

On May 17 (Cairo time), Ms Lau will visit Cairo to connect with global Egyptian businesses eager to establish operations in Hong Kong to seize Asia-Pacific opportunities. She will also attend the Guangdong-Hong Kong-Macao Greater Bay Area Economic and Trade Cooperation Conference in Cairo.

In 2023, InvestHK signed a Memorandum of Understanding with the General Authority for Investment and Free Zones of the Arab Republic of Egypt, pledging mutual co-operation on investment promotion exchanges and support. In 2024, bilateral merchandise trade between Hong Kong and Egypt amounted to HK$2.1 billion, up 5.4 per cent over 2023.

Hashtag: #InvestHK

The issuer is solely responsible for the content of this announcement.

Solavita at Intersolar Europe 2025 – Shaping the Future of Energy

MUNICH, May 10, 2025 /PRNewswire/ — At this year’s Intersolar Europe, Solavita, the solar energy brand under Skyworth Group, made a strong impression by unveiling new innovations in both commercial and residential energy solutions. Exhibiting a full range of modules, mounting systems, inverters and energy storage systems, Solavita demonstrated growing commitment to driving smarter, more flexible, and sustainable energy systems worldwide.

Launching the 30–50kW Hybrid Inverter for Commercial Projects

Solavita, ranked among the Top 2 Distributed PV Brands in China, proudly introduced new 30–50kW hybrid inverter, designed specifically for commercial solar projects. Built to meet the evolving demands of distributed energy, the inverter brings advanced features that deliver higher efficiency, greater flexibility, and enhanced system protection.

The new hybrid inverter is equipped with up to five MPPTs and supports 2x PV oversizing, maximizing energy capture even in complex rooftop scenarios. On the storage side, it offers three independent 55A battery inputs, supporting both 3-in-1 and separate battery configurations, and is fully compatible with 280 / 314Ah battery— ensuring seamless adaptability across projects.

Engineered for reliability, the inverter delivers 100% unbalanced output and supports 2x rated power input, ensuring stable operation under varying load conditions. It also includes a GEN port, providing more options for diesel generator integration, smart load management, or AC-coupled expansion.

Safety and durability were key design priorities: with smart RSD connectivity, optional AFCI, and an IP66 rating, the inverter is prepared for a wide range of installation environments. Operating at noise levels below 60dB, it’s also a perfect fit for projects with strict noise requirements.

This launch marks another important milestone in Solavita’s mission to deliver smarter, cleaner energy to businesses around the world.

Recognized as a Top Inverter Innovator by EUPD Research

In recognition of the continuous investment in technology and innovation, Solavita proudly received the “Top Inverter Innovator” and “Sustainable Exhibitor” award from EUPD Research during Intersolar Europe. These awards highlight Solavita’s position as a forward-thinking brand delivering trusted, high-performance energy solutions for a sustainable future.

EUPD Award - Top Innovation Inverter
EUPD Award – Top Innovation Inverter

Residential Energy Storage Solutions Take Center Stage

In addition to commercial offering, Solavita showcased its latest residential energy storage solutions, drawing significant attention from visitors through a live teardown demonstration.

The residential portfolio features a 5–15kW hybrid inverter built for adaptability and resilience. With low startup voltage, a wide operating range, rapid on-grid/off-grid switching under 10 milliseconds, and robust surge protection, it ensures uninterrupted and stable energy supply for households. Its durable design supports long-term reliability with minimal maintenance.

Complementing the inverter, Solavita’s high-voltage battery system was also on display. Featuring a modular stackable design, IP65-rated protection, and scalability up to eight modules, the battery system offers homeowners flexibility to expand their storage capacity as needed. Using premium lithium battery cells, the system is engineered for a long service life and dependable performance in all conditions.

With strong showing at Intersolar Europe 2025, Solavita continues to push the boundaries of innovation in distributed energy. Backed by the legacy of Skyworth Group — which also owns well-known brands Metz and Strong in Germany — Solavita is expanding its global footprint, helping more customers achieve smarter, greener, and more sustainable living.

HERO ESPORTS ASIAN CHAMPIONS LEAGUE REVEALS VALORANT CHAMPIONS TOUR SCHEDULE AND ESPORTS WORLD CUP QUALIFICATION PATH

SHANGHAI, May 10, 2025 /PRNewswire/ — The HERO ESPORTS Asian Champions League (ACL), Asia’s premier multi-title esports tournament, has revealed the schedule, format, and qualification details for its VALORANT Champions Tour (VCT) events.

The ACL series, hosted by Hero Esports, will include a total of four coveted spots for the VALORANT at the Esports World Cup (EWC) 25—2 spots from the VALORANT China Evolution Series: ACT 2 x ACL and 2 spots from the ACL 2025 EWC Qualifier: Pacific.


Tournament Highlights

From May 6–25, ACL will host a series of high-stakes competitions:

  • VALORANT China Evolution Series: Act 2 x ACL (May 8–12)
  • ACL x VCT Day1-3 (May 14–16, Shanghai)
  • ACL Grand Finals 2025 (May 18, Shanghai)
  • ACL 2025 EWC Qualifier: Pacific (May 22–25, Online)

All stages except the ACL 2025 EWC Qualifier: Pacific will be broadcast globally on ACL’s Twitch, YouTube, and TikTok channels, with live audiences in attendance.

Key Stages & Format

1.    China Evolution Series: ACT 2 x ACL (May 8–12)

  • Co-hosted by TJ Sports (Tencent & Riot Games joint venture).
  • 12 VCT CN teams compete in a single-elimination bracket (BO3/BO5).
  • Top 2 teams qualify for the Esports World Cup.

2.    ACL x VCT Day 1-3 (May 14–16)

  • 3 VCT PAC teams vs. 3 VCT CN teams in a new competitive format.
  • Top 2 teams advance to the ACL Grand Finals.
  • $10,000 for per match win, and $10,000 bonus for defeating a higher-ranked opponent.

3.    ACL Grand Finals 2025 (May 18, Shanghai)

  • $50,000 prize and championship title on the line.

4.    ACL 2025 EWC Qualifier: Pacific (May 22–25, closed broadcast)

  • 10 VCT PAC teams in a single round-robin format.
  • Top 4 teams compete for 2 EWC spots.

Star Commentary & Global Appeal

The ACL x VCT matches will have Chinese, English and Korean commentaries. The English broadcast will feature top-tier talent, including Paperthin and Achilios, offering expert analysis for international audiences.

Jonny Wang, CEO of ACL, said: “In the ACL x VCT tournament, we will bring the VCT PAC teams and the VCT CN teams together. It’s thrilling to see how they’ll compete and who will emerge victorious. Our bonus system will also motivate lower-ranking teams to reach their full potential, adding excitement to the game.”

Danny Tang, Co-Founder and CEO of Hero Esports, remarked: “The ACL x VCT tournament is not just a test of skill, but also a celebration of cultural exchange. We look forward to seeing how teams from different regions spark creativity and competition on the field. “

About the HERO ESPORTS Asian Champions League

The HERO ESPORTS Asian Champions League (ACL) is the premier and largest international multi-title esports event in Asia. Hosted by leading esports company Hero Esports, the tournament boasts a total prize pool of $2 million. This year, the inaugural ACL features nine premier esports titles, including Counter-Strike 2, Dota 2, Honor of Kings, Street Fighter 6, The Legend Cup of League of Legends, Teamfight Tactics, VALORANT Champions Tour, Delta Force and Crossfire.

The ACL Grand Finals 2025 (May 16–18, Shanghai) will partner with DreamHack, uniting elite players, gaming tech, and fans. Selected ACL winners will earn direct entry to the Esports World Cup in Riyadh, Saudi Arabia—the largest esports event in history.

For more info, please check ACL official website: https://esportsacl.com/home

For media inquiries, please contact:
ACL PR Team | aclpr@heroesports.com

India, Pakistan Trade Strikes as Kashmir Tensions Spiral Toward Conflict

A local resident inspects his house that was damaged by Pakistani artillery shelling in Uri, about 100kms from Srinagar, on May 9, 2025. India said on May 9 it had repulsed a wave of Pakistani drone and artillery attacks overnight, and Islamabad insisted it had not struck targets across the border, as the latest conflict between the nuclear-armed neighbours showed no signs of relenting. (Photo by Tauseef MUSTAFA / AFP)

The conflict between India and Pakistan has entered a dangerous new phase, with both sides reporting missile strikes, drone incursions, and military engagements across the contested Kashmir region.  

Pakistan’s military reported on 10 May that India launched a new wave of missiles targeting three Pakistani air bases, including one near the capital, Islamabad. 

The latest escalation follows weeks of rising hostilities that began after a terror attack on Indian-administered Kashmir in April, which killed 26 civilians. 

The Pakistani government condemned the latest strikes, accusing India of steering the region toward a “dangerous war” and vowing a strong response.

In what they called an “eye for eye” retaliation, Pakistan claimed it had launched strikes on Indian military installations, including airbases in Udhampur and Pathankot, as well as a missile storage site. 

The operation was dubbed Bunyan al-Marsus by the Pakistani military. In response to the escalating conflict, Prime Minister Shehbaz Sharif convened a meeting of the National Command Authority, which oversees Pakistan’s nuclear arsenal.

Origins of the Hostilities

The hostilities, sparked by the 22-April militant attack that killed 26 people in India-controlled Kashmir, have grown into the most serious conflict in decades. 

The assault is being described as the worst civilian massacre in the region in years. 

Prime Minister Narendra Modi labeled it a “terror attack,” vowing swift justice, and cut short a visit to Saudi Arabia in response. “Those behind this heinous act will be brought to justice,” Modi declared.

Witnesses described chaos as gunmen opened fire from behind bushes, targeting a group of hikers. Survivors, including Binu Bhai, who was shot in his arms and legs, recounted scenes of devastation, with victims evacuated on horseback and by all-terrain vehicles. 

India blamed the Pakistan-based group Lashkar-e-Taiba, a UN-designated terrorist organization. Pakistan denied involvement and called for an independent investigation.

The Indian government has intensified its military presence as calls grow for accountability and prevention.

India believes Pakistan is responsible for the attack and initiated airstrikes on 7 May. Since then, both nations have engaged in drone warfare, artillery shelling, and aerial confrontations. 

Pakistan claims it has shot down 25 Indian drones, while India reported 36 attempted drone incursions.

Residents in Kashmir and along the India-Pakistan border report intense shelling, power blackouts, and rising fears of prolonged war. 

Civilians on both sides have started stockpiling food and withdrawing cash as uncertainty grows. In Jammu, a city in Indian-controlled Kashmir, residents described the heaviest bombardment in nearly 30 years.

Timeline: 

April 2025

  • 22 April: Militant attack in Pahalgam, Indian-controlled Kashmir kills 26, including a Navy officer. India blames Pakistan-based militants.
  • 25 April: Indian forces demolish homes of two suspected attackers.
  • 28 April: Pakistan warns of an imminent Indian attack; shoots down two Indian drones near the Line of Control.

May 2025

  • 1 May: Indian Home Minister vows to punish all attackers. Pakistan was accused of repeated ceasefire violations.
  • 3 May: Indian Border Security Force soldier captured after crossing into Pakistan.
  • 5 May: India conducts nationwide civil defense drills. Ceasefire violations reported across 8 Line of Control sectors.
  • 6 May: Pakistan claims to shoot down 12 Indian drones; closes airspace. Srinagar Airport placed under military control.
  • 7 May: India launches Operation Sindoor, striking alleged terror sites in Pakistan; claims 100 militants killed.
  • 8 May: Pakistan reports drone intrusions; denies Indian missile strike in Amritsar, calls it a misfire.
  • 9 May: Pakistan begins Operation Bunyan al-Marsus, targeting Indian sites.
  • 10 May: Pakistan expands strikes on Indian military facilities. India mobilizes reserve forces; both countries suspend major sporting events.
Dozens Killed as India, Pakistan Clash in Worst Violence in Decades

A bulldozer carries a damaged part of an aircraft in Wuyan, near Srinagar on 7 May, 2025. (Photo by Tauseef MUSTAFA / AFP)

Global Leaders Raise Alarm

Global leaders, the G7 group called on 9 May for “immediate de-escalation” and “maximum restraint.”

The International Crisis Group, however, said “foreign powers appear to have been somewhat indifferent” to the prospect of war, despite warnings of possible escalation, AFP reported.

The conflict has also disrupted major sporting events, with both the Indian Premier League and Pakistan Super League suspending or relocating matches for safety reasons.

While both countries lack nuclear-capable drones, analysts warn that continued escalation, especially involving ground troops, could push the region into unprecedented danger. 

The escalating conflict has severely impacted international air travel, forcing airlines to cancel flights or reroute to avoid the India-Pakistan airspace. 

India has shut down operations at 24 airports, and schools near the border in both countries have been closed as a precaution.

Major sporting events have also been affected. The Indian Premier League was paused for a week, while Pakistan indefinitely suspended its domestic T20 cricket league.

“Justice for Daniel Pearl”: US Activist Praises India

Amid the ongoing military escalation between India and Pakistan, Amy Mek, founder of the Rise Align Ignite Reclaim Foundation, has publicly commended India for eliminating Abdul Rauf Azhar, a senior commander of the Pakistan-based terrorist group Jaish-e-Mohammed (JeM). 

Azhar, who has been linked to the 2002 kidnapping and murder of American journalist Daniel Pearl, was reportedly killed in an Indian airstrike during Operation Sindoor on 7 May.

In a post on X (formerly Twitter), Mek stated, “Justice for Daniel Pearl: India Strikes Back!”

She further praised India for targeting what she described as “the very Islamic terror infrastructure that breeds jihad,” and criticized Western nations for tolerating Pakistan’s alleged support of terrorism.

The operation, which also resulted in the deaths of 31 Pakistani civilians, has significantly heightened tensions between the nuclear-armed neighbors. Pakistan has not confirmed Azhar’s death and has labeled the Indian strikes as unprovoked aggression. 

Both sides have reported casualties and military engagements along the Kashmir border. 

The longstanding India-Pakistan rivalry stems from their territorial dispute over Kashmir since their 1947 independence. 

The ongoing violence has renewed fears of a large-scale conflict in the region.

Jointide Law Firm Launches a New Ecosystem for International Commercial Legal Services, Creating a New Paradigm for Law Firm Globalization

QINGDAO, China, May 10, 2025 /PRNewswire/ — On May 7, the “Law Firm Internationalization Strategy Exchange Conference and the Launch Ceremony of the International Commercial Legal Service Hub” hosted by Jointide Law Firm and H&H Jointide(Qingdao) Law Firm, was held in Qingdao, China. This conference, which brought together figures from government, business, and academia, deeply explored the forefront trends in foreign-related legal services. It showcased Jointide’s strategic vision and commitment as a leading Chinese law firm in the field of international legal services.

The launch of the “International Commercial Legal Service Hub” marks a key strategic move in response to national priorities. Spearheaded by Jointide, the Hub is a boundaryless platform integrating global legal resources. It aims to establish a bridge for dialogue among governments, enterprises, law firms, and international organizations, providing comprehensive legal services in cross-border investment, trade dispute resolution, and international compliance. The initiative also supports Qingdao’s goal of becoming a legal services hub for Northeast Asia and the Belt and Road Initiative.

Jointide has accumulated experiences in international commercial legal services in recent years. “Qingdao has a unique geographic advantage and industrial base. Jointide’s practice in globalization offers a replicable model for regional law firms to overcome local boundaries and compete globally,” said Li Chen.

“The launch of the International Commercial Legal Service Hub signifies our transformation from ‘service provider’ to ‘ecosystem builder'” said Gong Lixin, Director of Jointide Law Firm. Their efforts not only offer methodological guidance for Chinese law firms in international development but also send a strong signal of China’s continued opening-up in the legal services sector.

By building this Hub, Jointide demonstrates the evolution and growth of China’s legal service industry to the world. It connects domestic insights with a global perspective and paves a legally secure path for Chinese enterprises to venture abroad.

 

The Secret to Turning Back Time: DermRays Skincare Device Makes Women Look 10 Years Younger

PLEASANTON, Calif., May 10, 2025 /PRNewswire/ — Every woman dreams of reversing the clock and reclaiming youthful, radiant skin. This Mother’s Day, make that dream a reality with DermRays Skincare Device-the perfect gift for moms and yourself! From May 1-15, enjoy an exclusive $120 OFF during our Mother’s Day Sale. 

DermRays offers two cutting-edge devices tailored to different skincare needs: 

  • DermRays Revive: Designed for mature skin, this device combats wrinkles, fine lines, and loss of elasticity with advanced 1064nm laser therapy, restoring a lifted, firmer look.
  • DermRays FusionGlow: Ideal for younger users, it tackles acne, dullness, and uneven texture with red and blue light therapy, promoting clearer, glowing skin.
  • DermRays LED: Your daily skincare companion: blue, red, infrared, and mixed light for every need. FDA-cleared safety with built-in eye cups for added protection. Only 15 minutes a day for youthful and radiant skin.

According to the DermRays R&D team, an exciting 1450nm laser skincare device is currently in development and is expected to launch later this year. “We are committed to continuously innovating to meet women’s skincare needs,” says Dr. Yang Lin, dermatology consultant for DermRays. “Our upcoming laser technology will further enhance skin rejuvenation, offering even more transformative results.

“Looking 10 years younger isn’t just a fantasy-it’s achievable with the right technology,” says Dr. Yang Lin, dermatology consultant for DermRays. “Our devices provide salon-quality results at home, making skincare effortless and effective.” 

Don’t miss this limited-time offer! Visit DermRays.com and use code MOTHER120 at checkout. Give the gift of timeless beauty this Mother’s Day-because every woman deserves to feel her best. Stay tuned for the groundbreaking 1450nm laser device and witness how DermRays continues to revolutionize women’s skincare. 

Graid Technology to Showcase Breakthrough AI and HPC Storage Solutions with Leading Partners at AI EXPO KOREA 2025

SEOUL, South Korea, May 10, 2025 /PRNewswire/ — Graid Technology is pleased to announce its participation in AI EXPO KOREA 2025, Asia’s premier artificial intelligence exhibition, held from May 14–16 at COEX Hall A in Seoul. During this prestigious event, Graid will showcase its comprehensive solutions in AI and high-performance computing (HPC) storage, demonstrating how SupremeRAID™ is revolutionizing data infrastructure for next-generation workloads. Founded in Silicon Valley in 2021, Graid Technology has quickly become a trailblazer in the storage industry, pioneering GPU-based RAID data protection acceleration, which offers unparalleled speed, security, and reliability—outpacing traditional RAID technologies.

SupremeRAID™ featured at AI expo Korea 2025
SupremeRAID™ featured at AI expo Korea 2025

Backed by two U.S. patents, Graid’s technology excels in both speed and security. The first patent,Data Transmission and Protection System and Method Thereof, introduces a GPU-based RAID controller that eliminates data bottlenecks between applications and SSDs, significantly enhancing transfer speeds compared to traditional solutions. The second patent, granted in April 2025, Distributed Journaling for Write Operations to RAID Systems, focuses on a breakthrough in data integrity, ensuring critical data is protected and quickly recoverable in the event of a system crash or unexpected shutdown—setting a new benchmark for RAID data protection.

Graid Technology will also highlight its edge-to-cloud strategy, delivering next-generation infrastructure across the AI pipeline. On the edge, Graid will unveil one of the most powerful edge computing workstations, Supreme100, at the show—supporting eight Gen5 NVMe SSDs and a 450W GPU, the system delivers transfer speeds up to 100GB/s, with quiet acoustics suitable for office environments. In the cloud, Graid’s HPC cluster solution integrates the SR-1010 with BeeGFS over InfiniBand, achieving 80GB/s speeds with scalable capacity and linear performance. Built-in high-availability (HA) services reduce infrastructure costs while maintaining optimal uptime—ideal for AI, HPC, and ML workloads.

At AI expo Korea, Graid will collaborate with leading partners Infinitix and Teratec to present a comprehensive AI ecosystem. Infinitix will showcase its flagship platform AI-Stack, which enhances GPU resource utilization across AI development and deployment workflows. Widely adopted across industries including finance, healthcare, and semiconductors, Infinitix is making its AI EXPO debut, emphasizing its strategic expansion in Korea. Teratec, a leading Korean technology provider, specializes in HPC, enterprise networking, and IT infrastructure, delivering integrated platforms that power scalable AI and analytics solutions for local enterprises.

Visit Graid Technology at Booth K27 to discover how next-gen storage and infrastructure are powering the future of AI.

PINTEC TO HOLD EXTRAORDINARY GENERAL MEETING ON JUNE 13, 2025

BEIJING, May 10, 2025 /PRNewswire/ — Pintec Technology Holdings Limited (NASDAQ: PT) (“Pintec” or the “Company”), a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises in China, today announced that the Company will hold its extraordinary general meeting of shareholders (the “EGM”) at 4/F, Vanke Times Center, Chaoyang Road, Chaoyang District, Beijing, the People’s Republic of China on June 13, 2025 at 10:00 a.m., Beijing time.

Holders of record of Class A ordinary shares and Class B ordinary shares of the Company at the close of business on May 13, 2025, Beijing time, are entitled to attend and vote at the EGM and any adjourned or postponed meeting thereof. Holders of record of ADSs as of the close of business on May 13, 2025, New York time, who wish to exercise their voting rights representing the underlying Class A ordinary shares will be able to directly instruct The Bank of New York Mellon (the “Depositary”) if ADSs are held directly by holders on the books and records of the Depositary, or indirectly through a bank, brokerage or other securities intermediary if the ADSs are held by any of them on behalf of holders, as to how to vote the Class A ordinary shares represented by such ADSs at the EGM.

The Notice of EGM, form of proxy card for the EGM and voting card for ADS holders are available on the Company’s website at https://ir.pintec.com/

About Pintec

Pintec is a Nasdaq-listed company providing technology enabled financial and digital services to micro, small and medium enterprises in China. It connects business partners and financial partners on its open platform and enables them to provide financial services to end users efficiently and effectively. Pintec empowers its business partners by providing them with the capability to add a financing option to their product offerings. It helps its financial partners adapt to the new digital economy by enabling them to access the online population that they could not otherwise reach efficiently or effectively. Pintec continues to deliver exceptional digitization services, diversified financial products, and best-in-class solutions with innovative technology, to solidify its relationship with its business partners and satisfy its clients’ needs. Pintec currently holds internet micro lending license, fund distribution license, insurance brokerage license and enterprise credit investigation license in China. For more information, please visit ir.pintec.com.

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. Among other things, the quotations from management in this announcement, as well as Pintec’s strategic and operational plans, contain forward-looking statements. Pintec may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. 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. Potential risks and uncertainties include, but are not limited to, the Company’s limited operating history, regulatory uncertainties relating to the markets and industries where the Company operates, and the need to further diversify its financial partners, the Company’s reliance on a limited number of business partners, the impact of current or future PRC laws or regulations on wealth management financial products, and the Company’s ability to meet the standards necessary to maintain the listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq’s continued listing criteria. Further 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 the Company 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.