BEIJING, March 5, 2018 /PRNewswire/ – Jianpu Technology
Inc. ("Jianpu," or the "Company") (NYSE:JT), a leading independent
open platform for discovery and recommendation of financial
products in China, today announced
that it has signed a definitive agreement to acquire 65% of equity
interests in a China-based
technology company specializing in optimizing data-driven risk
management decisions. The target company offers a suite of products
and services helping financial service providers to enhance their
risk management capabilities by aggregating and analyzing a wide
range of data sources using machine learning and AI technology.
The consideration of the transaction is in the form of a
combination of cash, ordinary shares of the Company and options to
purchase the Company's ordinary shares. The cash portion of the
consideration is approximately RMB110
million. The non-cash portion of the consideration will
represent approximately 1.5% of the issued and outstanding share
capital of the Company after giving effect to the issuance. The
transaction is expected to close in the second quarter of 2018,
subject to the satisfaction of customary closing conditions.
"We are excited about our strategic investment in the target
company, which complements our proprietary data and risk management
solutions for financial service providers," said Mr. David Ye, Co-Founder, Chairman and Chief
Executive Officer of Jianpu. "We look forward to creating
significant synergies on data analytics and big data risk
management capabilities while further strengthening our financial
service provider network."
About Jianpu Technology Inc.
Jianpu Technology Inc. (NYSE:JT) is a leading independent open
platform for discovery and recommendation of financial products in
China. By leveraging its deep data
insights and proprietary technology, Jianpu provides users with
personalized search results and recommendations that are tailored
to each user's particular financial needs and credit profile. The
Company also enables financial service providers with sales and
marketing solutions to reach and serve their target customers more
effectively through online and mobile channels and enhance their
competitiveness by providing them with tailored data, risk
management and end-to-end solutions. The Company is committed to
maintaining an independent open platform, which allows it to serve
the needs of users and financial service providers impartially. For
more information, please visit http://ir.jianpu.ai.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of 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," "confident" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
Company's goal and strategies; the Company's future business
development, financial condition and results of operations; the
Company's expectations regarding demand for, and market acceptance
of, its solutions and services; the Company's expectations
regarding keeping and strengthening its relationships with users,
financial service providers and other parties it collaborate with;
general economic and business conditions; and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company's
filings with the SEC. All information provided in this press
release and in the attachments is as of the date of this press
release, and the Company undertakes no obligation to update any
forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Jianpu Technology Inc.
Oscar Chen
Tel: +86 (10) 6242-7068
E-mail: ir@rong360.com
The Piacente Group, Inc.
Ross Warner
Tel: +86 (10) 5730-6201
E-mail: jianpu@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Alan Wang
Tel: +1-212-481-2050
E-mail: jianpu@tpg-ir.com
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SOURCE Jianpu Technology Inc.