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LexinFintech Holdings Ltd. Provides 2021 Loan Creation Guidelines, Achieves 2020 Loan Creation Target

The pre-pandemic lending target has been achieved, with expected strong growth and an improvement in asset quality; P2P balances have also been reduced to zero SHENZHEN, China, January 25, 2021 (GLOBE NEWSWIRE) – LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading online consumer and finance platform for Next Generation Consumers in China, is pleased to announce that, based on the Company’s preliminary assessment of current market and business conditions, the Company expects total loan originations for fiscal year 2021 to be between 220 billion RMB and 230 billion RMB. This is Lexin’s current and preliminary view, subject to change and uncertainty. Additionally, Lexin is also pleased to announce that the Company’s loan disbursements for 2020 reached RMB 176.5 billion, meeting the guidelines previously stated by the Company. “Over the past year, through our global efforts to innovate across our product and service offering, Lexin has overcome the pressures caused by the ongoing COVID-19 pandemic. Not only have we achieved our pre-pandemic loan creation guide, but we have also achieved a higher level in the quality of our growth and our revenue structure, ”said Jay Wenjie Xiao, Lexin’s president and chief executive officer. “This year, Lexin will continue to improve our” To Bank “technology services and expand customer acquisition, systems building, operations management and other related initiatives to enable a more open and constructive environment to create value to our financial partners. “” At the same time, Lexin will make full use of our well-established customer and user base, operational knowledge and technological know-how to guide the Company’s expanded efforts in the ‘new consumption’ space. ” , Mr. Xiao continued, “This year, Lexin will expand the Company’s product offering to meet and satisfy the needs of an extended clientele. and a commercial base in more diversified consumer contexts. We believe these new products and services will offer Lexin even greater growth potential in the future. “” More than 50% of all our new loans to date originate from the profit sharing model and we expect this percentage to continue growing. as we continue our transition to a pure operational service model versus a risk-taking model, “said Mr. Craig Yan Zeng, Lexin’s chief financial officer.” We continue to gain many new customers as we grow with our existing customers , and our new products and offerings will help us drive this further and as a result, we are confident in our ability to continue growing for the year and are pleased to announce our guidance for 2021. “In addition, I am also delighted. to announce that we have now officially reduced the outstanding balance of loans invested by individual investors on our J platform to zero uzi Licai, “continued Mr. Zeng,” Lexin has always been proactive in meeting any potential regulatory changes and in full compliance with relevant rules and regulations. We will continue to closely monitor the ongoing regulatory environment and take all necessary steps to minimize any potential impact on our business and operations, as we have done with our peer-to-peer business. “” Credit performance and Credit quality continues to improve and all years have now stabilized. Our first payment default rate (30 days +) 1 for new loan originations has been less than 1% in the past 5 months and our defaults one month for our previous key years have peaked, “said Ryan Huanian Liu, Lexin’s chief risk officer. “Our funding partners recognize this and continue to provide us with extensive funding. Today, well over half of our new loans use the profit-sharing model, in which our financing partners take on the credit risk of the loans we originate, representing a clear indication of our stable asset quality and quality of assets. our loan business from our financing partner. “1 Loan balance with first payment day overdue 30+ on total originated loan. Click here to view our credit statistics: 30-day arrears for vintage / e5336fa9-9ef5-4142-8e36-83127e66f323 Default First Payment 30+ for New Origins http: // Full Year 2020 Operational Highlights: Total loan origination in 2020 reached RMB 176.5 billion, an increase of 40% from RMB 126 billion in 2019. Main loan balance reached RMB 76 billion as of December 31, 2020, with a 26% increase from RMB 60.6 billion as of December 31, 2019.The total number of registered users reached 118 million as of December 31, 2020, representing a 61.2% increase from December 31, 2019 About LexinFintech Holdings Ltd. LexinFintech Holdings Ltd. is a leading online consumer and consumer finance platform for next generation consumers in China. The Company provides a range of services including financial technology services, membership benefits and a point redemption system through its Fenqile e-commerce platform and Le Card membership platform. The company works with financial institutions and brands both online and offline to provide a complete consumer ecosystem that meets the needs of young professionals in China. Lexin uses advanced technologies such as big data, cloud computing and artificial intelligence in all of the Company’s services and operations, which include risk management, loan facilitation and near-instant matching of user loan requests with offers from numerous financial partners of the Company. For more information, please visit To follow us on Twitter, please visit: Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terms such as “will”, “expects”, “anticipates”, “future”, “means “,” plans “,” believes “,” esteems “,” confident “and similar statements. Among other things, the expectation of its collection efficiency and delinquency, the business outlook and the quotes from management in this announcement contain forward-looking statements. Lexin may also make oral or written forward-looking statements in its periodic reports to the US Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written material, and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Lexin’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 statements, including but not limited to the following: Lexin’s objective and strategies; Lexin’s expansion plans; Lexin’s future business development, financial condition and results of operations; Lexin’s expectations regarding the demand and market acceptance of its credit and investment management products; Lexin’s expectations regarding maintaining and strengthening its relationships with borrowers, institutional financing partners, merchandise suppliers and other parties with whom it collaborates; general economic and commercial conditions; and the assumptions underlying or related to the above. Additional information on these and other risks is included in Lexin’s filings with the SEC. All information provided in this press release and attachments is current as of the date of this press release and Lexin undertakes no obligation to update any forward-looking statements, except as required by applicable law. For investor and media inquiries, please contact: LexinFintech Holdings Ltd. IR Inquiries: Tony Hung Tel: +86 (755) 3637-8888 ext. 6258 Email: Media Inquiries: Limin Chen Tel: +86 (755) 3637-8888 ext. 6993 E-mail: SOURCE LexinFintech Holdings Ltd.


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