Jiayin Group Inc. Announces Changes in Management
February 09 2021 - 6:00AM
Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a
leading fintech platform in China, today announced that Mr. Jiong
Feng has resigned from his position as the Company’s Chief
Technology Officer due to personal reasons, effective
from February 8, 2021. Mr. Dinggui Yan, the Founder, Director
and Chief Executive Officer, expressed appreciation for Mr. Feng’s
contributions to the development of the Company on behalf of the
board of directors and management team of the Company.
The Company has appointed Mr. Chongxian Bai, the
current Vice President of Technology Operations, as the new Chief
Technology Officer, effective from February 8, 2021.
Mr. Chongxian Bai has over 15 years of
technology leadership experience in internet, virtual reality and
financial services. He joined Jiayin in 2013 and led the
development of the microservices architecture and information
security system, which provided efficient and stable technical
support for the Company. Prior to joining the Company, Mr. Bai had
held senior technology roles at well-known foreign companies such
as Toshiba, NEC, and IBM since 2004. Mr. Bai graduated from Beijing
University of Chemical Technology, majoring in electronic
information engineering.
About Jiayin Group Inc.
Jiayin Group Inc. is a leading fintech platform
in China committed to facilitating effective, transparent, secure
and fast connections between investors and borrowers, whose needs
are underserved by traditional financial institutions. The origin
of the business of the Company can be traced back to 2011. The
Company operates a highly secure and open platform with a
comprehensive risk management system and a proprietary and
effective risk assessment model which employs advanced big data
analytics and sophisticated algorithms to accurately assess the
risk profiles of potential borrowers.
Safe Harbor / Forward-Looking
Statements
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. The Company 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 the Company’s beliefs
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties and are based
on current expectations, assumptions, estimates and projections
about the Company and the industry. Potential risks and
uncertainties include, but are not limited to, those relating to
the Company’s ability to retain existing investors and borrowers
and attract new investors and borrowers in an effective and
cost-efficient way, the Company’s ability to increase the
investment volume and loan origination of loans volume facilitated
through its marketplace, effectiveness of the Company’s credit
assessment model and risk management system, PRC laws and
regulations relating to the online individual finance industry in
China, general economic conditions in China, and the Company’s
ability to meet the standards necessary to maintain listing of its
ADSs on the Nasdaq Stock Market or other stock exchange, including
its ability to cure any non-compliance with the continued listing
criteria of the Nasdaq Stock Market. All information provided in
this press release is as of the date hereof, and the Company
undertakes no obligation to update any forward-looking statements
to reflect subsequent occurring events or circumstances, or changes
in its expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that its expectations will turn out to be correct, and investors
are cautioned that actual results may differ materially from the
anticipated results. Further information regarding risks and
uncertainties faced by the Company is included in the Company’s
filings with the U.S. Securities and Exchange Commission, including
its annual report on Form 20-F.
For more information, please
contact:
In China:
Jiayin GroupMs. Shelley Bei
BaiEmail: ir@jiayinfintech.cn
or
The Blueshirt GroupMs. Susie
WangEmail: susie@blueshirtgroup.com
In the U.S.:
Ms. Julia QianEmail:
julia@blueshirtgroup.com
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