GlobeNewswire Inc | Mar 1, 2021 11:46AM EST

March 01, 2021

NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- Pawar Law Group announces a class action lawsuit on behalf of shareholders who purchased shares of Jianpu Technology Inc. (NYSE: JT) from May 29, 2018 through February 16, 2021, inclusive (the Class Period). The lawsuit seeks to recover damages for Jianpu Technology Inc. investors under the federal securities laws.

To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or emailinfo@pawarlawgroup.comfor information on the class action.

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: that certain of the Companys transactions carried out by the Credit Card Recommendation Business Unit involved undisclosed relationships or lacked business substance; that, as a result, Jianpus revenue and costs and expenses for fiscal 2018 and 2019 were overstated; that there were material weaknesses in Jianpus internal control over financial reporting; that, as a result of the foregoing, the Companys fiscal 2018 Form 20-F was reasonably likely to be restated; and as a result, the Companys public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than April 19, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.

Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.---------------------

Contact:Vik Pawar, Esq.Pawar Law Group20 Vesey Street, Suite 1410New York, NY 10007Tel: (917) 261-2277Fax: (212) 571-0938info@pawarlawgroup.com