UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of July 2019
Commission File Number: 001-38245
Hexindai Inc.
(Exact name of registrant as specified in its charter)
13th Floor, Block C, Shimao
No. 92 Jianguo Road
Chaoyang District, Beijing 100020
Peoples Republic of China
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Hexindai Inc. | |
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By: |
/s/ Zhang Qisen (Johnson) |
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Zhang Qisen (Johnson) |
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Chief Financial Officer |
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Date: July 1, 2019 |
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Hexindai to Launch Consumer Installment Financing Platform
BEIJING, July 1, 2019 (PR NEWSWIRE) Hexindai Inc. (NASDAQ: HX) (Hexindai or the Company), a fast-growing consumer lending marketplace in China, today announced that it will further diversify its business by launching a new e-commerce installment financing platform Hexin Installments.
The new platform will offer carefully curated categories for installment financing, such as electronic products, education and travel products and services. With convenient installment payments, consumers can easily purchase competitively priced products and services on the platform.
Hexindai will cooperate with institutional partners as funding sources to provide installment financing for consumers on the platform. The company will attract and acquire users through its existing and effective online channels. Hexindais powerful risk management system and technology infrastructure will provide a solid footing for the new platform to grow.
With the upgrade of consumption in China, the use of installment payments has been gaining momentum in recent years, and it has become the preferred payment method for more and more young consumers, said Mr. Xiaobo An, Hexindais Founder, Chairman and Chief Executive Officer. Our new installment financing platform will leverage our rich experience in consumer financing and strong technology advantage in matching borrowers and lenders in large scale to meet the growing financing demand from the new generation consumers. It will also help further diversify our businesses and drive our future growth.
About Hexindai Inc.
Hexindai Inc. (NASDAQ: HX) (Hexindai or the Company) is a fast-growing consumer lending marketplace based in Beijing, China facilitating loans to meet the increasing consumption demand of the emerging middle class in China. Hexindai provides borrowers with convenient and ready access to credit through its online marketplace. The Company offers borrowers a wide range of products designed based on customer segmentation data and tailored to the specific needs of the emerging middle class in China by matching them with investors seeking various types of investment products with appropriate risk levels and risk-adjusted returns. Hexindais strong user acquisition capabilities combined with an online platform with extensive offline networks, an advanced risk management system, and strong strategic cooperative relationships with a custodian bank and an insurance company to safeguard investments, allows the Company to generate higher customer satisfaction, reliance, and realize faster growth in China.
For more information, please visit http://ir.hexindai.com/
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates, potential, continue, ongoing, targets, guidance and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the SEC), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Companys beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Companys goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplaces products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Companys filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.
For media inquiries, please contact:
Hexindai
Ms. Daisy Wang
Tel: +86-10-5380-6196
Email: ir@hexindai.com
ICR Inc.
Jeff Pei
Tel: +86 10 6583-7514
Email: Jianfeng.pei@icrinc.com
For investor inquiries, please contact:
Christensen
In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: carnell@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com