OneConnect Files Annual Report on Form 20-F

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the SEC on April 24, 2023.

Rhea-AI Summary

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the SEC on April 24, 2023. This report includes audited consolidated financial statements, accessible via the SEC's website or the Company’s investor relations site. OneConnect is a technology-as-a-service provider for financial institutions in China, offering digital solutions for retail and commercial banking, insurance, and other financial services. The company emphasizes its role in supporting digital transformation to enhance efficiency and reduce costs for its clients.

OneConnect also commits to providing hard copies of its annual report upon request from shareholders and ADS holders, reflecting its dedication to transparency.

Positive

• Filed annual report on Form 20-F, ensuring compliance and transparency.
• Audited consolidated financial statements are now accessible to investors and auditors.
• Strengthened position as a technology-as-a-service provider for financial institutions in China.

Negative

• None.

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SHENZHEN, China, April 24, 2023 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT), a leading technology-as-a-service provider for financial institutions in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission (the "SEC") on April 24, 2023 U.S. Eastern Time.

The annual report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website at http://www.sec.gov as well as through the Company's investor relations website at http://ir.ocft.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to OCFT_IR@ocft.com.

About OneConnect

OneConnect Financial Technology Co., Ltd. is a technology-as-a-service provider for financial service industry. The Company integrates extensive financial services industry expertise with market-leading technology to provide technology applications and technology-enabled business services to financial institutions. The integrated solutions and platform the Company provides include digital retail banking solution, digital commercial banking solution, digital insurance solution and Gamma Platform, which is a technology infrastructural platform for financial institutions. The Company's solutions enable its customers' digital transformations, which help them improve efficiency, enhance service quality, and reduce costs and risks.

The Company has established long-term cooperation relationships with financial institutions to address their needs of digital transformation. The Company has also expanded its services to other participants in the value chain to support the digital transformation of financial services eco-system. In addition, the Company has successfully exported its technology solutions to overseas financial institutions.

For more information, please visit ir.ocft.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", "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 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 limited operating history in the technology-as-a-service for financial institutions industry; its ability to achieve or sustain profitability; the tightening of laws, regulations or standards in the financial services industry; the Company's ability to comply with the evolving regulatory requirements in the PRC and other jurisdictions where it operates; its ability to comply with existing or future laws and regulations related to data protection or data security; its ability to maintain and enlarge the customer base or strengthen customer engagement; its ability to maintain its relationship with Ping An Group, which is its strategic partner, most important customer and largest supplier; its ability to compete effectively to serve China's financial institutions; the effectiveness of its technologies, its ability to maintain and improve technology infrastructure and security measures; its ability to protect its intellectual property and proprietary rights; its ability to maintain or expand relationship with its business partners and the failure of its partners to perform in accordance with expectations; its ability to protect or promote its brand and reputation; its ability to timely implement and deploy its solutions; its ability to obtain additional capital when desired; litigation and negative publicity surrounding China-based companies listed in the U.S.; disruptions in the financial markets and business and economic conditions; the Company's ability to pursue and achieve optimal results from acquisition or expansion opportunities; the duration of the COVID-19 outbreak and its potential impact on the Company's business and financial performance; 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 U.S. Securities and Exchange Commission. 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.

Contacts

Investor Relations:

OCFT IR Team
OCFT_IR@ocft.com

Media Relations:

Frank Fu
pub_jryztppxcb@pingan.com.cn  

View original content:https://www.prnewswire.com/news-releases/oneconnect-files-annual-report-on-form-20-f-301805359.html

SOURCE OneConnect Financial Technology Co., Ltd.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is OneConnect's stock symbol?

OneConnect's stock symbol is OCFT.

When did OneConnect file its annual report for 2022?

OneConnect filed its annual report on April 24, 2023.

How can I access OneConnect's annual report?

OneConnect's annual report can be accessed on the SEC's website or through the Company's investor relations site.

What fiscal year does OneConnect's annual report cover?

The annual report covers the fiscal year ended December 31, 2022.

What services does OneConnect provide to financial institutions?

OneConnect provides digital retail banking solutions, digital commercial banking solutions, and digital insurance solutions, among other technology-enabled services.