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DEADLINE TODAY: The Schall Law Firm Announces it is Investigating Claims Against Jianpu Technology Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

December 24, 2018

LOS ANGELES--(BUSINESS WIRE)--Dec 24, 2018--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Jianpu Technology Inc. (“Jianpu” or “the Company”) (NYSE: JT ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Prior to Jianpu’s IPO in 2017, the China Banking Regulatory Commission and other regulators issued rules in 2016 requiring peer-to-peer (P2P) lending companies to appoint institutional banking custodians and disclose usage of deposits. The country also set out to create the Financial Stability and Development Committee to oversee reform and industry policy. These government changes combined to result in a large reduction in the number of current and potential peer-to-peer lending providers, the main source of Jianpu’s revenue. Based on these facts, Jianpu’s public comments and the Company’s IPO Registration Statement was false and materially misleading throughout the IPO period. When the market learned the truth about Jianpu, investors suffered damages.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at  www.schallfirm.com, or by email at  brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181224005027/en/

CONTACT: The Schall Law Firm

Brian Schall, Esq.

Sherin Mahdavian, Esq.

310-301-3335

Cell: 424-303-1964

info@schallfirm.com

www.schallfirm.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: The Schall Law Firm

Copyright Business Wire 2018.

PUB: 12/24/2018 08:45 AM/DISC: 12/24/2018 08:45 AM

http://www.businesswire.com/news/home/20181224005027/en

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