FinVolution Group (“FinVolution”, or the “Company”) (NYSE: FINV), a leading fintech platform in China, today announced that Mr. Shaofeng Gu, Chairman and Chief Innovation Officer of the Company has informed the Company that he has continued to purchase in his personal capacity 1.46 million of the Company’s American Depositary Shares in the second quarter of 2020. The purchases were made during an open window period and in full compliance with all company and legal guidelines.
Mr. Shaofeng Gu commented, “Despite the challenging start to the year, many of the uncertainties and challenges appear to be behind us. Credit risk performance on the Company’s platform has not only stabilised but has improved to the lower-end of our vintage delinquency range over the past 2-3 years. We have successfully transitioned our platform from being primarily funded by individual investors to being fully funded by institutional funding partners. We continue to deeply believe that a technology-driven focus will enable the Company to better navigate through market dynamics and achieve sustainable development in the long-term. I believe the current share price undervalues the potential of the Company and serves as a highly attractive investment opportunity.”
As of June 30, 2020, Mr. Shaofeng Gu beneficially owned 412,257,375 ordinary shares, representing approximately 27.7% of ownership in the Company.
Safe Harbor Statement
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