CORRECTION -- PINTEC ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FIRST HALF 2023

Core Viewpoint - Pintec Technology Holdings Limited reported significant financial adjustments and a net loss for the first half of 2023, highlighting operational challenges and a focus on restructuring and cost management to achieve sustainable growth [1][25][32]. Financial Performance - Total revenues decreased by 11.89% to RMB35.09 million (US$4.86 million) for the first half of 2023 compared to RMB39.82 million for the same period in 2022 [4][7]. - Gross profit fell by 79.48$0.58 million) with a gross margin of 11.99%, down from 51.50% in the same period of 2022 [4][11]. - Net loss decreased by 62.54% to RMB46.30 million (US$6.41 million) from RMB123.60 million in the first half of 2022 [4][17]. Operational Highlights - Total loans facilitated decreased by 58.98$6.55 million) for the first half of 2023 from RMB115.30 million in the same period of 2022 [5]. - The company focused on enhancing operational efficiency and risk management while optimizing cost structures to reach a break-even point [6]. Adjustments and Corrections - The company corrected its financial statements, noting an out-of-period adjustment that increased accrued expenses and other liabilities from RMB30.20 million to RMB169.54 million [1][21]. - A cumulative foreign currency translation loss of RMB45.59 million was reclassified as a loss from the disposal of its subsidiary, impacting the net loss significantly [1][22]. Future Outlook - The company aims to execute its MSME ecosystem strategy by enhancing technology innovation, risk management, and operational efficiency despite market uncertainties [6][25]. - Pintec has reached an agreement for a line of credit facility of up to US$40 million to alleviate capital turnover pressures [25].