Jiayin Group States Its Policy Not To Comment On Unusual Market Activity Or Speculative Matters

Rhea-AI Summary

On June 11, 2020, Jiayin Group Inc. (NASDAQ: JFIN) addressed unusual trading activity in its American depositary shares (ADSs) that occurred on June 10, 2020. The Company refrained from commenting on the market speculation and noted it was unaware of the causes behind the price and volume spikes. Jiayin warned investors about the potential for volatility in its ADSs, which may arise from factors beyond its control. For more risks related to the ADSs, Jiayin referred to its annual report on Form 20-F filed with the SEC.

Positive

• None.

Negative

• Company is unaware of the reasons behind unusual trading activity, indicating uncertainty.
• Warning of potential volatility in the trading price of ADSs may create investor concern.

SHANGHAI, June 11, 2020 (GLOBE NEWSWIRE) -- Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN) is a leading fintech platform in China. In light of unusual increases in the price and trading volume of the Company’s American depositary shares (“ADSs”) on June 10, 2020, Jiayin stated that its policy is not to comment on unusual market activity or speculative matters. Jiayin is unaware of the reason causing such increases and cautions investors that the trading price of the Company’s ADSs could be subject to significant volatility for various reasons that are out of the Company’s control. Further information regarding this and other risks relating to the Company’s ADSs is included in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission.

About Jiayin Group Inc.

Jiayin Group Inc. is a leading fintech platform in China committed to facilitating effective, transparent, secure and fast connections between investors and borrowers, whose needs are underserved by traditional financial institutions. The origin of the business of the Company can be traced back to 2011. The Company operates a highly secure and open platform with a comprehensive risk management system and a proprietary and effective risk assessment model which employs advanced big data analytics and sophisticated algorithms to accurately assess the risk profiles of potential borrowers.

For more information, please contact:

In China:

Jiayin Group
Ms. Shelley Bai
Email: ir@niwodai.com

or

The Blueshirt Group
Ms. Susie Wang
Email: susie@blueshirtgroup.com

In the U.S.:

Ms. Julia Qian
Email: julia@blueshirtgroup.com

FAQ

What caused the unusual trading activity for Jiayin Group (JFIN) on June 10, 2020?

Jiayin Group stated it is unaware of the reasons for the unusual trading activity in its ADSs.

What does Jiayin Group (JFIN) say about the volatility of its ADSs?

Jiayin cautions that the trading price of its ADSs could be subject to significant volatility due to various uncontrollable factors.

Where can I find more risk information about Jiayin Group (JFIN)?

Investors can refer to Jiayin's annual report on Form 20-F for more information regarding risks associated with its ADSs.

Is Jiayin Group (JFIN) commenting on market speculation?

No, Jiayin Group has stated its policy is not to comment on unusual market activity or speculation.