Weidai Ltd. Files 2020 Annual Report on Form 20-F

Rhea-AI Summary

Weidai Ltd. (NYSE: WEI), a leading provider of auto-backed financing in China, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 8, 2021. This report includes the Company's audited consolidated financial statements, which are accessible on the SEC website and Weidai's investor relations site. Weidai specializes in converting used automobiles into investable assets, aiding small and micro enterprises in obtaining credit and connecting them with institutional funders.

Positive

• Successful filing of the annual report on Form 20-F with the SEC.
• Access to audited consolidated financial statements, enhancing transparency.

Negative

• No specific financial performance metrics or results were disclosed in the PR.

HANGZHOU, China, April 8, 2021 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission (the "SEC") on April 8, 2021 U.S. Eastern Time.

The annual report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at http://weidai.investorroom.com/.

About Weidai Ltd.

Weidai Ltd. is a pioneer and leading auto-backed financing solution provider in China supported by sophisticated and effective risk management system and technology. The Company transforms used automobiles, a type of "non-standard" collateral, into investable assets, to provide accessible credit for China's small and micro enterprises, and connects borrowers with institutional funding partners through its platform.

For more information, please visit http://weidai.investorroom.com/.

For investor and media inquiries, please contact:

In China:
Christensen
Mr. Rene Vanguestaine
Tel: +86-10-5900-1548
E-mail: rvanguestaine@christensenir.com

In US:
Christensen
Ms. Linda Bergkamp
Tel: +1-480-614-3004
E-mail: lbergkamp@christensenir.com

View original content:http://www.prnewswire.com/news-releases/weidai-ltd-files-2020-annual-report-on-form-20-f-301265549.html

SOURCE Weidai Ltd.

FAQ

What is the significance of Weidai's 2020 annual report filing on April 8, 2021?

The filing is significant as it provides investors with audited financial statements and regulatory compliance information.

Where can I access Weidai's 2020 annual report?

The report can be accessed on the SEC's website and Weidai's investor relations page.

What services does Weidai Ltd. provide?

Weidai Ltd. offers auto-backed financing solutions, transforming used cars into investable assets for small and micro enterprises.

What does NYSE: WEI represent?

NYSE: WEI is the stock symbol for Weidai Ltd. on the New York Stock Exchange.