LexinFintech Holdings Ltd. Announces US$50 million Share Repurchase Program and Management Purchase

Core Viewpoint - LexinFintech Holdings Ltd. has announced a share repurchase program authorizing the purchase of up to US$50 million of its shares over the next twelve months, reflecting confidence in its business fundamentals and growth opportunities [1][4]. Share Repurchase Program - The share repurchase may occur through various means including open market transactions, privately negotiated transactions, and block trades, depending on market conditions [2]. - The program will be subject to Securities and Exchange Commission rules and will be reviewed periodically by the board of directors, who may adjust its terms or suspend it [2]. Executive Participation - Mr. Jay Wenjie Xiao, Chairman and CEO, plans to use personal funds to purchase up to US$10 million worth of the Company's American depository shares within the next twelve months [3]. - Mr. Xiao's share purchases will also be conducted through various permissible means and will be independent of the Company’s decisions [3]. Company Overview - Lexin is a leading technology-empowered personal financial service enabler in China, focusing on making financing accessible for young consumers through a unique model that combines online and offline channels, big data, and AI-driven credit risk management [4].