SHENZHEN, China, Feb. 19, 2020 /PRNewswire/ -- LexinFintech
Holdings Ltd. ("Lexin" or the "Company") (Nasdaq: LX), a leading
online consumer finance platform for educated young adults in
China, announced that the Company
has successfully bid for a plot of
land in Shenzhen's Nanshan
district. Total purchase price for the acquisition of the land plot
is expected to be RMB1.032 billion.
The Company expects to enter into definitive agreements with the
municipal government in the first quarter of 2020.
"This land acquisition will enable us to facilitate our
continued growth and expansion, as we plan to build our new
headquarters in this new location," said Mr. Jay Wenjie Xiao, Lexin's chairman and chief
executive officer. "In addition, the construction of our new
headquarters in Shenzhen, one of
China's technology hubs, will
allow us to further cement our position as one of the leading
technology companies serving the credit and consumption needs of
the young generation in China."
The Company has paid a RMB206.4
million security deposit as part of the bid. Pursuant to the
terms of the bid, the Company is expected to pay 50% of the total
purchase price (minus the security deposit) immediately after the
signing of the definitive agreements, and the remaining 50% of the
purchase price within one year after the signing. The land use
rights are subject to certain agreed-upon performance requirements
and transfer restrictions.
About LexinFintech Holdings Ltd.
LexinFintech Holdings Ltd. is a leading online consumer finance
platform for educated young adults in China. As one of China's leading financial technology
companies, Lexin integrates its e-commerce-driven installment
finance platform, Fenqile, with advanced risk management
technologies, the Company's Dingsheng asset distribution
technology platform, to create a comprehensive consumer finance
ecosystem. The Company utilizes technologies including big data,
cloud computing and artificial intelligence to enable the
near-instantaneous matching of users funding requests with offers
from the Company's more than 30 funding partners, which include
commercial banks, consumer finance companies, and other licensed
financial institutions.
For more information, please visit http://ir.lexin.com
To follow us on Twitter, please go to:
https://twitter.com/LexinFintech.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Among
other things, the expectation of its collection efficiency and
delinquency, business outlook and quotations from management in
this announcement, contain forward-looking statements. Lexin may
also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission
(the "SEC"), in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about Lexin's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Lexin's goal
and strategies; Lexin's expansion plans; Lexin's future business
development, financial condition and results of operations; Lexin's
expectation regarding demand for, and market acceptance of, its
credit and investment management products; Lexin's expectations
regarding keeping and strengthening its relationship with
borrowers, institutional funding partners, merchandise suppliers
and other parties it collaborates with; general economic and
business conditions; and assumptions underlying or related to any
of the foregoing. Further information regarding these and other
risks is included in Lexin's filings with the SEC. All information
provided in this press release and in the attachments is as of the
date of this press release, and Lexin does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law.
For investor and media inquiries, please contact:
LexinFintech Holdings Ltd.
IR inquiries:
Tony Hung
Tel: +86 (755) 3637-8888 ext. 6258
E-mail: IR@lexin.com
Media inquiries:
Limin Chen
Tel: +86 (755) 3637-8888 ext. 6993
E-mail: liminchen@lexin.com
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SOURCE LexinFintech Holdings Ltd.