GlobeNewswire Inc | Jun 22, 2021 10:36AM EDT

June 22, 2021

SHENZHEN, China, June 22, 2021 (GLOBE NEWSWIRE) -- LexinFintech Holdings Ltd. (Lexin or the Company) (NASDAQ: LX), a leading online consumption and finance platform for new generation consumers and users in China, today announced itspartnership with Huawei, in a number of areas to jointly tap the opportunities in the Chinese consumer market.

The two companies will collaborate in membership services, joint marketing, fintech product development, and buy-now-pay-later services to provide enhanced consumption solutions for the Chinese consumers, leveraging on Lexins expertise in financial technology, product development and operations, and on Huaweis advantages in its business ecosystem, public cloud, big data, 5G technology, and artificial intelligence.

Lexins multi-level strategic partnership with Huawei will enable us to reach a wider group of quality users, whom well provide an array of services for, including consumer finance and consumption services, said Mr. Jay Wenjie Xiao, Lexin's chief executive officer. In the meantime, Lexin hopes to enhance users' experience and product offerings together with Huawei, and help Huawei connect with more financial institutions by offering diversified consumer products and services.

About LexinFintech Holdings Ltd.

LexinFintech Holdings Ltd. is a leading online consumption and finance platform for new generation consumers and users in China. The Company provides a comprehensive range of consumption, financial and business services including financial technology services, buy now pay later (BNPL) services, and membership benefits through its ecommerce platform Fenqile, BNPL product Maiya, and membership platform Le Card. The Company works with financial institutions and brands both online and offline to provide a comprehensive consumption ecosystem catering to the needs of young professionals in China. Lexin utilizes advanced technologies such as big data, cloud computing and artificial intelligence throughout the Company's services and operations, which include risk management, loan facilitation, and the near-instantaneous matching of users funding requests with offers from the Company's many funding partners, and other consumption and financial services.

For more information, please visit http://ir.lexin.com

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Media inquiries:

Limin ChenTel: +86 (755) 3637-8888 ext. 6993E-mail: liminchen@lexin.com

SOURCE LexinFintech Holdings Ltd.