FinVolution Group American depositary shares, each representing five - FINV STOCK NEWS

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FinVolution Group is a renowned fintech platform headquartered in Shanghai, China, listed on the NYSE under the symbol FINV. As a pioneer in China's online consumer finance industry since 2007, FinVolution connects young borrowers with financial institutions through innovative technologies in credit risk assessment, fraud detection, big data, and artificial intelligence.

The company primarily offers short-term loans designed for immediate credit needs, enabling borrowers to build their credit history progressively. Its platform supports a highly automated loan transaction process, ensuring a seamless user experience. FinVolution's diverse investment options provide investors the opportunity to explore the emerging asset class of consumer loans.

FinVolution's financial performance has been noteworthy, with a significant portion of its revenue generated from fees charged to borrowers. Recent achievements include a substantial 99.1% year-over-year increase in international transaction volume, contributing 18.3% of the total revenue. The company's robust international strategy has driven considerable growth in markets such as Indonesia and the Philippines.

Third Quarter 2023 Financial Highlights:

• Total transaction volume: RMB51.3 billion (up 12.7% year-over-year).
• Outstanding loan balance: RMB65.9 billion (up 9.3% year-over-year).
• International revenue: RMB584.8 million (up 67.3% year-over-year).
• Net revenue: RMB3,197.5 million (up 7.6% year-over-year).
• Net profit: RMB574.7 million.

In addition to its financial achievements, FinVolution is committed to enhancing shareholder value through strategic initiatives like share repurchase programs. The company's liquidity position remains strong, with significant cash and short-term investments to support its growth initiatives.

Recent Developments:

• Strategic partnerships in the Philippines with SeaBank and UnionBank to enhance financial inclusion.
• Continued share repurchase programs, demonstrating a commitment to returning value to shareholders.
• Expansion of digital health insurance services through investment in Leapstack, which secured 200 million RMB in Series C+ Funding.

FinVolution's strategic approach of maintaining growth in China while accelerating international expansion has proven effective, positioning it as a leader in the fintech sector. With a growing user base and continuous technological advancements, FinVolution is poised for sustained growth and innovation in the consumer finance landscape.