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Jianpu Technology ( (AIJTY) ) has issued an update.
On February 12, 2025, Jianpu Technology Inc. announced that its co-founders and directors voluntarily converted all Class B ordinary shares into Class A ordinary shares. This strategic move reflects a commitment to equitable governance by aligning the voting power with economic interests, as Class B shares had ten votes per share compared to Class A’s one vote. The conversion eliminates all Class B shares, ensuring equal voting rights for all shareholders. The company anticipates that this change will enhance shareholder democracy and reinforce its long-term value creation through sustainable growth and robust corporate governance.
More about Jianpu Technology
Jianpu Technology Inc. is a leading open financial technology platform based in China, primarily focused on providing a comprehensive suite of financial products and services. The company operates in the fintech industry, leveraging its position to enhance financial accessibility for consumers and businesses across the region.
Average Trading Volume: 4,151
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $6.37M
Learn more about AIJTY stock on TipRanks’ Stock Analysis page.