FinVolution Provides Update on its Status under the Holding Foreign Companies Accountable Act

SHANGHAI, Might 6, 2022 /PRNewswire/ — FinVolution Team (“FinVolution” or the “Company”) (NYSE: FINV), a major fintech platform, currently offers an update on its position below the Holding International Providers Accountable Act (the “HFCAA”). The Business is aware that it has been recognized by the United States Securities and Trade Fee (the “SEC”) beneath the HFCAA as a Commission-Identified Issuer on May possibly 4, 2022, New York time, following the Company’s filing of its annual report on Form 20-F for the fiscal calendar year ended December 31, 2021.

FinVolution understands that the SEC designed these identification pursuant to the HFCAA and its implementation rules issued thereunder, and this indicates that the SEC establishes that the Firm utilised an auditor whose doing work paper are not able to be inspected or investigated fully by the General public Organization Accounting Oversight Board (the “PCAOB”) to challenge the audit impression for its monetary statements for the fiscal 12 months finished December 31, 2021.

In accordance with the HFCAA, a firm will be delisted from a U.S. stock trade if these kinds of company has been discovered by the SEC for 3 consecutive decades owing to PCAOB’s lack of ability to examine auditor’s operating paper.

FinVolution has been actively discovering attainable answers. The Business will go on to comply with relevant laws and rules in both China and the United States.

About FinVolution Group

FinVolution Group is a main fintech platform in China connecting underserved particular person borrowers with fiscal establishments. Set up in 2007, the Firm is a pioneer in China’s on the web client finance market and has formulated impressive technologies and has accumulated in-depth practical experience in the core spots of credit history risk assessment, fraud detection, significant data and artificial intelligence. The Firm’s system, empowered by proprietary cutting-edge systems, features a highly automated financial loan transaction procedure, which enables a outstanding user expertise. As of December 31, 2021, the Business experienced in excess of 140.3 million cumulative registered people.

For more details, be sure to check out https://ir.finvgroup.com

For investor and media inquiries, be sure to speak to:

In China:

FinVolution Group

Head of Investor Relations

Jimmy Tan

Tel: +86 (21) 8030-3200 Ext. 8601

E-mail: [email protected]

The Piacente Team, Inc.

Jenny Cai

Tel: +86 (10) 6508-0677

E-mail: [email protected]