BENSALEM, Pa.

,

March 16, 2021

/PRNewswire/ — Law Offices of

Howard G. Smith

reminds investors of the upcoming


April 19, 2021


deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Jianpu Technology, Inc. (“Jianpu” or the “Company”) (NYSE:

JT

) American Depositary Shares (“ADSs” or “shares”) between


May 29, 2018

and

February 16, 2021


, inclusive (the “Class Period”).

Investors suffering losses on their Jianpu investments are encouraged to contact the Law Offices of

Howard G. Smith

to discuss their legal rights in this class action at 888-638-4847 or by email to

[email protected]

.

On

February 16, 2021

, Jianpu announced the results of its review into “transactions carried out by the Credit Card Recommendation Business Unit” with third-party business entities. The Company concluded that previously reported revenue and associated expenses had been inflated due to “certain transactions [that] involved third-party agents (including both upstream agents and downstream suppliers) with undisclosed relationships and some transactions [that] lacked business substance.” Jianpu stated that it “anticipates the total amount of overstated revenue for the fiscal years 2018 and 2019 to be approximately,

RMB 90 million

and

RMB 164 million

, respectively, representing approximately 4.5% and 10.1% of the total revenue previously reported.”

On this news, the Company’s share price fell

$0.60

, or 13%, to close at

$3.94

per share on

February 16, 2021

, on unusually heavy trading volume.

If you purchased or otherwise acquired Jianpu ADSs during the Class Period, you may move the Court no later than


April 19, 2021


to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact

Howard G. Smith, Esquire

, of Law Offices of

Howard G. Smith

, 3070 Bristol Pike, Suite 112,

Bensalem, Pennsylvania

19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to

[email protected]

, or visit our website at

www.howardsmithlaw.com

.

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

Contacts


Law Offices of

Howard G. Smith



Howard G. Smith, Esquire


215-638-4847

888-638-4847


[email protected]



www.howardsmithlaw.com

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SOURCE Law Offices of

Howard G. Smith