XIAMEN, China, Dec 16, 2019 /PRNewswire/ -- Qudian Inc.
("Qudian" or the "Company") (NYSE: QD), a leading technology
platform empowering the enhancement of online consumer finance
experience in China, today
announced that Guosheng (Hong
Kong) Investment Limited ("Guosheng") has entered into a
non-binding letter of intent to lock up the Company's Class A
ordinary shares owned by Guosheng as of the date hereof. The letter
of intent covers approximately 12,770,000, or about 5%, of Qudian's
total issued and outstanding shares as of Nov. 30,
2019 (the "Shares").
Reflecting its optimism about the long-term development of the
company, Guosheng, pursuant to the terms of the non-binding letter
of intent, will agree to limit its ability to transfer the Shares
during the lock-up period, subject to certain exceptions. According
to the non-binding letter of intent, Guosheng will agree to limit
its ability to transfer the Shares during a lock-up period that is
360 days from the date of the definitive lock-up
There can be no assurance that a definitive agreement will be
entered into or that the proposed lock-up will be consummated.
Further, investors are cautioned that the letter of intent
describing the proposed lock-up terms are non-binding.
The Company also announced today that Mr. Yingming Li has been appointed to the Company's
Board of Directors (the "Board"), effective on Dec. 13,
Currently he holds the position of Director and Deputy General
Manager of Guosheng Financial Holding in charge of investments and
is the General Manager of Shenzhen Guo Sheng Sea Before Investment
Co., Limited. Mr. Li has rich
experience in enterprise consultancy, valuation, investment banking
and equity investments.
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
For more information, please
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
For investor and media inquiries, please contact:
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SOURCE Qudian Inc.