X Financial Inc. (China)

The Company is an online personal finance company in China.
The Company provides personal finance services in the People's Republic of China (“PRC”) by connecting borrowers and investors through a proprietary internet platform. With proprietary big data-driven technology, The Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling The Company to facilitating loans to prime borrowers under a robust risk assessment and control system.
The Company offers differentiated products specifically catered to the financing needs of individuals in China. The Company s main category of loan products is Xiaoying Credit Loan, a category of online personal credit loan products facilitated through its platform, including Xiaoying Card Loan, Xiaoying Preferred Loan, and other unsecured loan products that The Company introduces from time to time. Xiaoying Card Loan is The Company s flagship product under Xiaoying Credit Loan, which offers borrowers a combination of small credit line and attractive APR in China.
HISTORY
2015 The Company was incorporated in the Cayman Islands under name X Financial on January 5, 2015.
2016 On October 19, 2016, Shenzhen Xiaoying Technology Co., Ltd. was incorporated in the PRC by the same shareholders of The Company with identical shareholdings.
In December 2016, Shenzhen Xiaoying acquired Shenzhen Ying Zhong Tong for nominal consideration and Shenzhen Ying Zhong Tong became the wholly owned subsidiary of Shenzhen Xiaoying.
2017 In December 2017, The Company through its PRC subsidiary, Beijing WFOE acquired two subsidiaries from Shenzhen Xiaoying at cost.
2018 The Company s ADSs have been listed on the New York Stock Exchange since September 19, 2018 under the symbol “XYF”.
2021 On May 31, 2021, Shenzhen Xiaoying Microcredit Co., Ltd. , or Xiaoying Microcredit, was incorporated in the PRC with online microcredit business operating license by Shenzhen Xiaoying.
2022 On May 20, 2022, Tianjin Yuexin Financing Guarantee Co., Ltd., or Tianjin Yuexin was incorporated in the PRC with financing guarantee license by Shenzhen Puhui.
In December 2022, with The Company s permission, Xi'an Bailu transferred 100 equity interest in Shenzhen Xintang to Shenzhen Lelebu Information Consulting Co., Ltd, or Shenzhen Lelebu.