Financial Data and Key Metrics Changes - In Q1 2020, net revenue was RMB313.5 million, down 57.1% year-over-year due to decreased loan origination volume [13][14] - Quarterly net income was RMB39.5 million, up 74.9% sequentially, demonstrating strong profitability despite the pandemic [8][15] - Cash and cash equivalents at the end of Q1 were RMB66.8 million, down from RMB122.1 million at the end of 2019, primarily due to business transition and overseas investments [15][16] Business Line Data and Key Metrics Changes - Loan origination volume was RMB2.9 billion, flat compared to Q4 2019, despite the impact of the COVID-19 lockdown [12][14] - The proportion of loans funded by institutional investors increased to 44.5% in March 2020, with nearly all new loans in Q2 expected to be funded by institutions [7][12] - Total sales and marketing expenses fell to RMB93.4 million, down 45.5% year-over-year, reflecting a focus on higher quality repeat lenders and borrowers [14][15] Market Data and Key Metrics Changes - The regulatory environment for online lending is becoming clearer, with new rules published that support the growth of the industry [10][26] - The company is optimistic about recovering consumer demand in China as the market begins to recover from the pandemic [11][26] Company Strategy and Development Direction - The company is transitioning from a P2P business model to a loan facilitation model, focusing on institutional funding sources [22][24] - Continued efforts to attract more financial institutions are underway, with discussions ongoing with an additional 22 institutions [7][22] - The management emphasizes the importance of maintaining a high-quality loan book and effective risk management practices [9][31] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about gradual recovery in the second quarter, with expectations for renewed growth in Q3 and Q4 [18][50] - The company believes that the regulatory changes will benefit leading players in the online lending sector, promoting a healthier business environment [26][27] - Management remains confident in the company's ability to comply with U.S. accounting standards and navigate potential regulatory challenges [34][35] Other Important Information - The adoption of the new accounting standard ASC 326 has had a minor impact on the company's profitability, with credit loss adjustments being limited compared to peers [17][31] - The company is actively monitoring the situation regarding U.S. regulatory proposals affecting Chinese companies listed in the U.S. [34][35] Q&A Session Summary Question: Funding from institutional investors - The company reported 14 institutions on the platform as of Q1 2020 and is actively seeking to diversify its funding sources [20][22] Question: Impact of new regulatory rules - The new regulations are viewed positively, promoting a healthier business environment and legitimizing online lending platforms [25][26] Question: Loan book quality and delinquency status - The company has maintained a prudent approach to credit risk management, resulting in a modest impact from COVID-19 on its loan book quality [27][29] Question: U.S. market listing and regulatory concerns - The management is closely monitoring the evolving regulatory landscape and is committed to compliance with U.S. accounting standards [32][34] Question: Cash position outlook - The cash position is expected to remain stable or slightly lower in Q2 due to investments in overseas markets, with a positive outlook for the second half of the year [52][56]

Table of Contents JFIN The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ S ...

Jiayin Group Inc. (NASDAQ:JFIN) Q4 2019 Earnings Conference Call April 1, 2020 8:00 AM ET Company Participants Julia Qian - Managing Director, The Blueshirt Group Dinggui Yan - CEO Chunlin Fan - CFO Shelley Bai - IR Director Yifang Xu - Chief Risk Officer Conference Call Participants Craig Irwin - ROTH Capital Partners Operator Good day, ladies and gentlemen. And thank you for standing by and welcome to the Jiayin Group’s Fourth Quarter 2019 Earnings Conference Call. At this time, all participants are in li ...