X Financial Postpones Release of Fourth Quarter and Fiscal Year 2020 Financial Results to April 23, 2021

Rhea-AI Summary

X Financial (NYSE: XYF) has announced a postponement of its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020, now scheduled for April 23, 2021. The management team will hold an earnings conference call on April 26, 2021, at 7:00 AM U.S. Eastern Time. The delay raises concerns among investors regarding the company's financial transparency and operational challenges. X Financial connects borrowers with institutional partners for loans, leveraging technology for risk assessment.

Positive

• None.

Negative

• Postponement of financial results may indicate operational difficulties.
• Investor concerns about transparency due to delayed reporting.

SHENZHEN, China, April 19, 2021 /PRNewswire/ -- X Financial (NYSE: XYF) (the "Company"), a leading technology-driven personal finance company in China, today announced that it is postponing the release of its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2020, to April 23, 2021, after market closes.

X Financial's management team will host an earnings conference call at 7:00 AM U.S. Eastern Time on Monday, April 26, 2021 (7:00 PM Beijing / Hong Kong Time on the same day).

Dial-in details for the earnings conference call are as follows:

United States:	1-888-346-8982
Hong Kong:	852-301-84992
Mainland China:	4001-201203
International:	1-412-902-4272
Passcode:	X Financial

Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call.

A replay of the conference call may be accessed by phone at the following numbers until May 3, 2021:

United States:	1-877-344-7529
International:	1-412-317-0088
Passcode:	10154438

Additionally, a live and archived webcast of the conference call will be available at http://ir.xiaoyinggroup.com.

About X Financial

X Financial (NYSE: XYF) (the "Company") is a leading online personal finance company in China. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitating loans to prime borrowers under a robust risk assessment and control system.

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

For more information, please contact:

X Financial
Mr. Frank Fuya Zheng
E-mail: ir@xiaoying.com

Christensen

In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
E-mail: Eyuan@christensenir.com

In US 
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com

View original content:http://www.prnewswire.com/news-releases/x-financial-postpones-release-of-fourth-quarter-and-fiscal-year-2020-financial-results-to-april-23-2021-301271144.html

SOURCE X Financial

FAQ

When will X Financial release its fourth quarter and fiscal year 2020 financial results?

X Financial will release its results on April 23, 2021.

When is the earnings conference call for X Financial?

The earnings conference call is scheduled for April 26, 2021, at 7:00 AM U.S. Eastern Time.

What is the stock symbol for X Financial?

The stock symbol for X Financial is XYF.

What might be the implications of X Financial postponing its results?

The postponement could signal operational challenges and raise investor concerns regarding financial transparency.