SHANGHAI, Sept. 24, 2019 /PRNewswire/ -- PPDAI Group Inc.
("PPDAI," "Paipaidai," or the "Company") (NYSE: PPDF), a leading
online consumer finance marketplace in China, today announced the release of its
inaugural Environmental, Social Responsibility, and Governance
(ESG) report highlighting PPDAI's efforts and accomplishments
in environmental sustainability, social responsibility and
corporate governance for 2018.
"Corporate social responsibility is an essential element of our
culture and underpins our strategy of achieving greater value for
our users, employees, shareholders and communities," said Mr.
Jun Zhang, Chairman and Co-Chief
Executive Officer of PPDAI. "As a leader in the consumer finance
space, we recognize the importance of balancing our business goals
and responsibilities as a good corporate citizen towards
stakeholders including consumers, the industry and society at
large. The 2018 ESG report is a snapshot of our initiatives, and
commitment to social responsibility and is incorporated into
PPDAI's management framework and reinforced at every level of our
company."
Key highlights from the PPDAI's 2018 ESG report include the
Company's initiatives to drive:
- Comprehensive risk management,
- Cyber security protection,
- Rigorous compliance,
- Internal control,
- Customer protection; and people-oriented employment mechanism
as well as contribution to public welfare.
These disclosures highlight the Company's strategy to grow and
innovate in a responsible and reliable way. The ESG report has
been prepared in accordance with the Core level for sustainability
reporting under the Global Reporting Initiative (GRI) Standards.
GRI is an independent organization that provides the world's most
widely recognized sustainability reporting and disclosure
standards.
For the full PPDAI 2018 ESG report, please visit:
http://ir.ppdai.com/download/PPDF_ESG_Report_2018.pdf
About PPDAI Group Inc.
PPDAI is a leading online consumer finance marketplace in
China with strong brand
recognition. Launched in 2007, the Company is the first online
consumer finance marketplace in China connecting borrowers and investors. As a
pioneer in China's online consumer
finance marketplace, the Company benefits from both its early-mover
advantages and the invaluable data and experience accumulated
throughout multiple complete loan lifecycles. The Company's
platform, empowered by its proprietary, cutting-edge technologies,
features a highly automated loan transaction process, which enables
a superior user experience, as evidenced by the rapid growth of the
Company's user base and loan origination volume. As of June 30, 2019, the Company had over 99.0 million
cumulative registered users.
For more information, please visit http://ir.ppdai.com.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"confident" and similar statements. Such statements are based upon
management's current expectations and current market and operating
conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and many of which are beyond the Company's control.
Forward-looking statements involve risks, uncertainties and other
factors that could cause actual results to differ materially from
those contained in any such statements. Potential risks and
uncertainties include, but are not limited to, uncertainties as to
the Company's ability to attract and retain borrowers and investors
on its marketplace, its ability to increase volume of loans
facilitated through the Company's marketplace, its ability to
introduce new loan products and platform enhancements, its ability
to compete effectively, laws, regulations and governmental policies
relating to the online consumer finance industry in China, general economic conditions in
China, and the Company's ability
to meet the standards necessary to maintain listing of its ADSs on
the NYSE, including its ability to cure any non-compliance with the
NYSE's continued listing criteria. Further information regarding
these and other risks, uncertainties or factors is included in the
Company's filings with the U.S. Securities and Exchange Commission.
All information provided in this press release is as of the date of
this press release, and PPDAI does not undertake any obligation to
update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
applicable law.
For investor and media inquiries, please contact:
In China:
PPDAI Group Inc.
Head of Investor Relations
Jimmy Tan
Tel: +86 (21) 8030 3200-8601
E-mail: ir@ppdai.com
The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: paipaidai@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: paipaidai@tpg-ir.com
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SOURCE PPDAI Group Inc.