Lexin Appoints Two New Directors to Expand Board
March 21 2018 - 9:49PM
SHENZHEN, China, March 22, 2018
(GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. ("Lexin" or the
"Company") (NASDAQ:LX), a leading online consumer finance platform
for educated young adults in China, today announced the appointment
of Dr. Neng Wang as an independent director of the Company's board
of directors (the "Board"), and the appointment of Mr. Xiaoguang Wu
as a director of the Board, effective on March 20, 2018. These two
appointments have expanded the Board to eight members, from six
previously.
Dr. Wang is also serving as a member of the audit
committee, the compensation committee and the nominating and
corporate governance committee of the Board. Dr. Wang has replaced
Mr. Keyi Chen, Mr. Jared Yi Wu, and Mr. Yibo Shao respectively from
the abovementioned committees of the Board, all of whom remain as
directors on the Board.
Dr. Wang has been Chong Khoon Lin Professor of
Real Estate at Columbia Business School since July 2007, and a
research associate at the National Bureau of Economic Research
since 2009. He has widely published in leading economics, finance,
and business journals. Among other awards and honors, he has won a
Smith-Breeden Distinguished Paper Prize awarded by the Journal of
Finance, and the Bettis Distinguished Scholar Award from Carey
School of Business, Arizona State University. He was an editor in
the Finance area at the Management Science and is currently an
associate editor at the Journal of Finance, among others. Dr. Wang
received a B.S. in physical chemistry from Nanjing University,
China in 1992, an M.S. in chemistry from California Institute of
Technology in 1995, an M.A. in international relations from the
University of California, San Diego in 1997, and a Ph.D. in finance
from the Graduate School of Business at Stanford University in
2002.
Mr. Xiaoguang Wu, also known as Free, currently
serves as the co-founder of Welight Capital and as an advisor at
Eleven Two Capital. He was named as senior management adviser of
Tencent in June 2015. Mr. Wu joined Tencent (SEHK: 00700) in 1999,
and was a member of the founding team. He led the development and
product planning for Tencent's core product, QQ, and served as
project manager for the QQ research and development team. He also
served as general manager of Tencent's IM product division and the
internet business division. From 2012 to 2014, Mr. Wu served as
chief executive officer of Tencent's e-commerce unit. Mr. Wu has
extensive experience in product research and development, product
planning, product operations and marketing internet products. He
received his B.S. degree from Nanjing University in 1996, and an
EMBA degree from China Europe International Business School in
2008.
"We are honored to have both Dr. Neng Wang and Mr.
Xiaoguang Wu join our board of directors, and we look forward to
benefitting from their insights and extensive experience,'' said
Mr. Jay Wenjie Xiao, Lexin's chairman and chief executive officer.
"As Lexin continues its rapid growth by leveraging our financial
technology and online consumer finance advantages, we aim to
strengthen our corporate governance and oversight of key board and
committee functions with these director appointments."
Pursuant to these appointments, the Board is now
comprised of eight members. The Board's audit committee,
compensation committee, and nominating and corporate governance
committees now each has three members, two of whom are independent
directors.
About LexinFintech
Holdings Ltd.
LexinFintech Holdings Ltd. ("Lexin" or the
"Company") is a leading online consumer finance platform for
educated young adults in China. As one of China's leading financial
technology companies, Lexin integrates its e-commerce-driven
installment finance platform, Fenqile,
with advanced risk management technologies, the Company's Dingsheng
asset distribution technology platform, and the
Company's Juzi Licai online
investment platform for individual investors, to create a
comprehensive consumer finance ecosystem. The Company utilizes
technologies including big data, cloud computing and artificial
intelligence to enable the near-instantaneous matching of user
funding requests with offers from the Company's more than 30
funding partners, which include commercial banks, consumer finance
companies, and other licensed financial institutions.
For more information, please visit
http://ir.lexinfintech.com
To follow us on Twitter, please go to:
https://twitter.com/LexinFintech
For investor and media
inquiries, please contact:
LexinFintech Holdings Ltd.
IR inquiries:
Tony Hung
Tel: +86 (755) 3637-8888 ext. 6258
E-mail: IR@lexinfintech.com
Media inquiries:
Limin Chen
Tel: +86 (755) 3367-8888 ext. 6993
E-mail: liminchen@lexinfintech.com
ICR Inc.
Media inquiries:
Edmond Lococo
Tel: +86 (10) 6583-7510
E-mail: Edmond.lococo@icrinc.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: LexinFintech Holdings Ltd. via Globenewswire
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