OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE:OCFT), a leading technology-as-a-service platform for financial institutions in China, today responded to certain allegations made about the Company circulated online.
The Company first became aware of these allegations on August 20, 2021 from an anonymous whistleblower complaint containing multiple unsubstantiated claims, including that the Company’s audited financial statements contain material misstatements.
The Company has carefully reviewed the whistleblower complaint. Based upon its review and evaluation, the Company strongly denies these slanderous and meritless allegations.
That said, to provide additional comfort to our shareholders’ against these allegations, the Company’s independent Audit Committee immediately took action by initiating a thorough investigation of the allegations raised in the whistleblower complaint by August 24, 2021. The audit committee is tasked with fully reviewing all allegations and have appointed Cleary Gottlieb Steen & Hamilton LLP as outside counsel to advise the Audit Committee.
On August 25, 2021, the Company reported the incident to the Shenzhen police and has been cooperating with the police’s investigation. Our Company will take appropriate legal action against any public dissemination of untrue statement and retains the right to rebut the allegations.
The Company is committed to maintaining the highest standards of corporate governance, as well as transparent and timely disclosure in compliance with the applicable rules and regulations of the United States Securities and Exchange Commission and the New York Stock Exchange.