X Financial Commences a Tender Offer to Repurchase approximately $9.04 Million of its ADSs

Core Viewpoint - X Financial has initiated a tender offer to purchase up to 2 million American Depositary Shares (ADSs) at a price of $4.52 per ADS, as part of its 2024 Repurchase Program approved by the Board of Directors [1][2]. Group 1: Tender Offer Details - The tender offer will expire on July 12, 2024, at 5:00 P.M. New York City time, unless extended or terminated earlier [1]. - The purchase price of$4.52 per ADS is subject to applicable withholding taxes and a cancellation fee of $0.05 per ADS [1]. - The tender offer is not contingent upon a minimum number of shares being tendered or any financing conditions, but it is subject to other unspecified conditions [2]. Group 2: Company Background - X Financial is a leading online personal finance company in China, focused on connecting borrowers with institutional funding partners [6]. - The company utilizes proprietary big data-driven technology to establish strategic partnerships with financial institutions, facilitating loans to prime borrowers [6].