BEIJING, Jan. 31,
2024 /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 its
board of directors (the "Board") has authorized a share repurchase
program, under which the Company may repurchase up to US$3 million of its American depositary shares
("ADSs") or Class A ordinary shares over the next 12 months.
The Company also announced today that Mr. Daqing (David) Ye, Co-Founder, Chairman and
Chief Executive Officer, and Mr. Jiayan
Lu, Co-Founder and Director have informed the Company of
their plan to use their personal funds to purchase an aggregate of
up to US$350,000 of the Company's
ADSs or Class A ordinary shares over the next 12 months.
The Company's proposed repurchases may be made from time to time
in the open market at prevailing market prices, in privately
negotiated transactions, in block trades and/or through other
legally permissible means, depending on market conditions and in
accordance with applicable rules and regulations. The Board will
review the share repurchase program periodically, and may authorize
adjustment of its terms and size. The Company expects to fund the
repurchases out of its existing cash balance.
Mr. Daqing (David) Ye and Mr.
Jiayan Lu will make their independent decisions on the share
purchases and the terms thereof in accordance with applicable rules
and regulations.
Furthermore, as previously reported in
the quarterly results, the Company's performance in the second and
third quarters of 2023 demonstrated a general healthy trend,
including a relatively lower level of net loss close to
approaching breakeven in the second quarter of 2023 and the
further efficiency gain mainly attributable to the Company's
continual improvement of operation and cost optimization in the
third quarter of 2023. While the financial information for the
fourth quarter of 2023 is not yet available, the Company's
management believes that a preliminary review and assessment of the
current information indicates that this positive trend may have
continued in the fourth quarter of 2023.
This belief is based on a preliminary
assessment of the limited information currently available to the
Company. The actual results of the fourth quarter of 2023 may
differ from this belief. Shareholders and potential investors are
advised not to place undue reliance on the information
herein.
About Jianpu Technology Inc.
Jianpu Technology Inc. is a leading independent open platform
for the discovery and recommendation of financial products
in China. The Company connects users with financial service
providers in a convenient, efficient, and secure way. By leveraging
its proprietary technology, Jianpu provides users with customized
search results and recommendations tailored to each user's
particular financial needs and profile. The Company also enables
financial service providers with sales and marketing solutions to
reach and serve their target customers more effectively through
integrated channels and enhance their competitiveness by providing
them with tailored data, risk management services and 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 goals 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 collaborates with;
trends, competition and regulatory policies relating to the
industries the Company operates in; general economic and business
conditions globally and in China;
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.
(IR) Liting Lu, E-mail: IR@rong360.com
(PR) Amanda Hu, E-mail: Media@rong360.com
Tel: +86 (10) 6242 7068
Christensen
Suri Cheng,
E-mail: suri.cheng@christensencomms.com
Tel: +86 185 0060 8364
Crystal Lai,
E-mail: crystal.lai@christensencomms.com
Tel: +852 2232 3907
In US:
Christensen
Linda Bergkamp,
E-mail: linda.bergkamp@christensencomms.com
Tel: +1 480 353 6648
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SOURCE Jianpu Technology Inc.