XIAMEN,
China, July 5, 2022 /PRNewswire/ -- Qudian
Inc. ("Qudian" or the "Company") (NYSE: QD), a
consumer-oriented technology company in China, today announced
that it has completed the previously disclosed optional repurchase
of its 1.00% Convertible Senior Notes due 2026 (CUSIP No.
747798AB2) (the "Notes"). The repurchase right expired at 5:00
p.m., Eastern Daylight Time, on Thursday, June 30, 2022. Based on information
from Deutsche Bank Trust Company Americas as the paying
agent for the Notes, all of the outstanding Notes, or US$47.5 million in aggregate principal
amount, were surrendered on a valid basis and not withdrawn prior
to the expiration of the repurchase right. Accordingly, the
aggregate cash purchase price of the Notes was US$47.5
million. The Company has accepted all the surrendered Notes for
repurchase and forwarded cash in payment for the total amount to
the paying agent for distribution to the applicable holders. As a
result, there are no outstanding Notes as of the date hereof.
About Qudian Inc.
Qudian Inc. ("Qudian") is a consumer-oriented technology
company in China. The Company
historically focused on providing credit solutions to consumers.
The Company is exploring innovative consumer products and services
to satisfy Chinese consumers' fundamental and daily needs by
leveraging its technology capabilities. In March 2022, it launched a ready-to-cook meal
business catering to working-class consumers in China.
For more information, please
visit https://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 contains 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
products; Qudian's expectations regarding keeping and
strengthening its relationships with customers, business partners
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 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.
IR team
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.