XIAMEN, China, Dec. 21, 2021 /PRNewswire/ -- Qudian Inc.
("Qudian" or "the Company") (NYSE: QD), a leading technology
platform empowering the enhancement of the online consumer finance
experience in China, today
announced that Mr. Min Luo, the
Company's founder, chairman and chief executive officer, has
informed the Company that he intends to use personal funds to
purchase up to US$10 million of the
Company's American depository shares ("ADSs") over the next 12
months. Purchases will take place in full compliance with
applicable laws and the Company's securities trading policy.
The share purchases may be made from time to time in the open
market at prevailing market prices, in privately negotiated
transactions, in block trades and/or through other legally
permissible means in accordance with applicable rules and
regulations, including, but not limited to,
Rule 10b5-1 and/or Rule 10b-18 under the
Securities Exchange Act of 1934, as amended. The number of ADSs
purchased and the timing of purchases will depend on a number of
factors, including, but not limited to, price, trading volume and
general market conditions.
Mr. Luo commented, "Our senior management believes the current
share price deeply undervalues Qudian's potential. Our ability to
maintain a solid balance sheet with sufficient liquidity lays a
strong foundation for our future success. I have great confidence
in Qudian's solid business fundamentals and long-term growth
prospects."
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.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the
United States 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" and similar statements. Among
other things, the expectation of its collection efficiency and
delinquency, contain forward-looking statements. Qudian may also
make written or oral forward-looking statements in its periodic
reports to 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 Qudian'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: Qudian's
goal and strategies; Qudian's expansion plans; Qudian's future
business development, financial condition and results of
operations; Qudian's expectations regarding demand for, and market
acceptance of, its credit products; Qudian's expectations regarding
keeping and strengthening its relationships with borrowers,
institutional funding partners, merchandise suppliers and other
parties it collaborate 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 Qudian'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 Qudian does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For investor and media inquiries, please contact:
In China:
Qudian Inc.
Tel: +86-592-596-8208
E-mail: ir@qudian.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: qudian@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: qudian@tpg-ir.com
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SOURCE Qudian Inc.