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Qudian Inc. Announces Change to Board of Directors

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On September 23, 2020, Qudian Inc. (NYSE: QD) announced the resignation of Mr. Rocky Ta-Chen Lee from its board of directors for personal reasons. His resignation took effect immediately. Qudian expressed gratitude for Mr. Lee's contributions during his tenure. As a leading technology platform in China, Qudian aims to enhance the online consumer finance experience by providing personalized credit solutions to underserved mobile-active consumers, enabling them to access affordable loans through regulated financial institutions.

Positive
  • Strengthened leadership with the opportunity for new perspectives following board changes.
Negative
  • Mr. Lee's departure may raise concerns about continuity and experience within the board.

XIAMEN, China, Sept. 23, 2020 /PRNewswire/ -- Qudian Inc. ("Qudian" or "the Company" or "We") (NYSE: QD), a leading technology platform empowering the enhancement of online consumer finance experience in China, today announced that Mr. Rocky Ta-Chen Lee has tendered his resignation as a director of the Company's board of directors for personal reasons. Mr. Lee's resignation was effective as of September 23, 2020. The Company would like to express its gratitude for services provided by Mr. Lee.

About Qudian Inc.

Qudian Inc. ("Qudian") is a leading technology platform empowering the enhancement of online consumer finance experience in China. The Company's mission is to use technology to make personalized credit accessible to hundreds of millions of young, mobile-active consumers in China who need access to small credit for their discretionary spending but are underserved by traditional financial institutions due to lack of traditional credit data or high cost of servicing. Qudian's credit solutions enable licensed, regulated financial institutions and ecosystem partners to offer affordable and customized loans to this young generation of consumers.

For more information, please visit http://ir.qudian.com.

For investor and media inquiries, please contact:

Qudian Inc.
Tel: +86-592-591-1711
E-mail: ir@qudian.com 

The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: qudian@tpg-ir.com

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: qudian@tpg-ir.com

Cision View original content:http://www.prnewswire.com/news-releases/qudian-inc-announces-change-to-board-of-directors-301136688.html

SOURCE Qudian Inc.

FAQ

What was the reason for Mr. Lee's resignation from Qudian's board?

Mr. Lee resigned for personal reasons.

When did Mr. Lee's resignation take effect?

His resignation was effective as of September 23, 2020.

What impact does Mr. Lee's resignation have on Qudian Inc.?

The resignation may lead to concerns regarding continuity and experience on the board.

What is Qudian's primary business focus?

Qudian focuses on enhancing online consumer finance and providing credit solutions in China.

Qudian Inc. American Depositary Shares, each representing one

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