FinVolution Group Announces Dividend Increase to US$0.277 per American Depositary Share, Up 17% Year-Over-Year

Core Viewpoint - FinVolution Group has declared a cash dividend of US $0.277 per American Depositary Share for fiscal year 2024, representing a payout ratio of approximately 21.5% of net income, marking the seventh consecutive year of dividend declaration [1][4] Dividend Policy - The revised dividend policy for 2025 onward will range between 20% to 30% of net income after tax, an increase from the previous policy which mandated a minimum of 10% [3] - The total distributions to shareholders for fiscal year 2024 will amount to approximately US$ 160.4 million, which includes US $90.2 million in share repurchases and US$ 70.2 million in dividends, resulting in a total payout ratio of approximately 49.1% [3] Company Overview - FinVolution Group is a leading fintech platform operating in China, Indonesia, and the Philippines, connecting young borrowers with financial institutions [5] - Established in 2007, the company is recognized as a pioneer in China's online consumer finance industry, leveraging innovative technologies in credit risk assessment, fraud detection, big data, and artificial intelligence [5] - As of December 31, 2024, the company had 208.3 million cumulative registered users across its markets [5]