Hexindai's Founder and Chairman Xiaobo An Assumes CEO Role
May 20 2019 - 8:22AM
Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a
fast-growing consumer lending marketplace in China, today announced
that Mr. Xinming Zhou has resigned from the position of Chief
Executive Officer, effective immediately. Hexindai's Founder and
Chairman Mr. Xiaobo An will assume the role of Chief Executive
Officer, while Chief Operating Officer Ms. Lili Hua will replace
Mr. Zhou on the board as a Director.
"We appreciate Mr. Zhou’s hard work and contribution to our
business growth over the years, and wish him the best of luck as he
embarks on a journey of entrepreneurship," said Mr. Xiaobo An,
Hexindai's Founder, Chairman and Chief Executive Officer. “I look
forward to bringing my deep understanding of banking and consumer
finance and many years of industry experience to this broader role
as we further expand our business vertically to capture more growth
opportunities in the industry. While continuing to strengthen our
individual investor base, we have also diversified our funding
sources with institutions and funding partners, such as Bohai
International Trust, Kunming Aotou and Phoenix Intelligent Credit
Group. We are confident in our long-term growth with diversified
new business structure.”
Mr. Xiaobo An founded the Company in 2014, and has held the
position of Chairman since the inception. He became a Director in
February 2017. He worked in Huaxia Bank from 2004 to 2008 in the
credit approval department. Mr. An received a bachelor’s degree in
advertising from Hebei University. He was awarded the “Outstanding
Innovator of the Financial Industry in China” title by the
prestigious Economy magazine and Huazun Prize panel in 2014.
About Hexindai Inc.
Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a
fast-growing consumer lending marketplace based in Beijing, China
facilitating loans to meet the increasing consumption demand of the
emerging middle class in China. Hexindai provides borrowers with
convenient and ready access to credit through its online
marketplace. The Company offers borrowers a wide range of products
designed based on customer segmentation data and tailored to the
specific needs of the emerging middle class in China by matching
them with investors seeking various types of investment products
with appropriate risk levels and risk-adjusted returns. Hexindai's
strong online and offline user acquisition capabilities combined
with an online platform with extensive offline networks, an
advanced risk management system, and strong strategic cooperative
relationships with a custodian bank and an insurance company to
safeguard investments, allows the Company to generate higher
customer satisfaction, reliance, and realize faster growth in
China.
For more information, please visit http://ir.hexindai.com/
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These statements can be identified by terminology such
as "will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "potential," "continue," "ongoing,"
"targets," "guidance" and similar statements. The Company 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. Any statements that are
not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but not limited to the
following: the Company's goals and strategies; its future business
development, financial condition and results of operations; the
expected growth of the credit industry, and marketplace lending in
particular, in China; the demand for and market acceptance of its
marketplace's products and services; its ability to attract and
retain borrowers and investors on its marketplace; its
relationships with its strategic cooperation partners; competition
in its industry; and relevant government policies and regulations
relating to the corporate structure, business and industry. Further
information regarding these and other risks, uncertainties or
factors is included in the Company's filings with the SEC. All
information provided in this announcement is current as of the date
of this announcement, and the Company does not undertake any
obligation to update such information, except as required under
applicable law.
For media inquiries, please contact:
HexindaiMs. Daisy WangTel: +86-10-5380-6196 Email:
ir@hexindai.com
ICR Inc.Jeff PeiTel: +86 10 6583-7514Email:
Jianfeng.pei@icrinc.com
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