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RESPECTED INVESTOR ADVISOR ROSEN Encourages Tenet Fintech Group Inc. f/k/a Peak Fintech Group Inc. Investors With Losses Over $100,000 to Get Counsel Before Important Jan. 18 Deadline in Class Action in securities brought by the firm

NEW YORK, December 14, 2021 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of Tenet Fintech Group Inc. f/k/a Peak Fintech Group Inc. (OTC:PKKFF) (NASDAQ:TNT) securities between September 2, 2021 and October 13, 2021, both dates inclusive (the “Class Period”), of the material January 18, 2022 lead applicant deadline in the securities class action originally filed by the firm.

SO WHAT: If you purchased Tenet Fintech securities during the Class Period, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingent fee arrangement.

WHAT TO DO NEXT: To join the Tenet Fintech class action, go to http://www.rosenlegal.com/cases-register-2169.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than January 18, 2022. A lead plaintiff is a representative party acting on behalf of the other class members to direct the litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) Tenet Fintech did not own 51% of Asia Synergy Financial Capital Ltd. (“ASFC”) through Wuxi Aorong; (2) Tenet Fintech failed to disclose its beneficial ownership structure of ASFC, an undisclosed and potentially problematic nominee shareholder agreement; (3) Huayan did not own the Heartbeat Platform; (4) the Heartbeat platform did not exist prior to the alleged acquisition; (5) Tenet Fintech was facing imminent delisting from NASDAQ due to non-compliance with known regulations; (6) the “recent disclosure information” was actually posted on November 23, 2020, nearly nine full months before Tenet Fintech was listed; (7) as such, Tenet Fintech knew or should have known that its 40-F submission was deficient; (8) Cubeler has never made even minimal loan repayments to Tenet Fintech; (9) Tenet Fintech, instead of exercising its right to the assets, decided to buy Cubeler; (10) in light of the foregoing, and given that Cubeler is owned by multiple Tenet Fintech insiders, the Company’s acquisition of Cubeler is not based on legitimate business interests; (11) there is no evidence that Huayan ever owned the Heartbeat Platform or transferred the asset to Huike; (12) the CBSA’s largest shareholder had its shares frozen due to legal sanctions; and (13) the creation of ASFC itself was likely a related party transaction. When the real details entered the market, the lawsuit claims investors suffered damages.

To join the Tenet Fintech class action, go to http://www.rosenlegal.com/cases-register-2169.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.

No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.

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Contact details:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40and Stage
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com

SOURCE Rosen Law Firm, Pennsylvania

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