PPDAI Group Inc. Among the First to Sign Up for Baihang Credit Platform

SHANGHAI,July 16,2018 -- PPDAI Group Inc. ("PPDAI," "Paipaidai," or the "Company") (NYSE: PPDF),a leading online consumer finance marketplace in China,today announced that the Company has become one of the first 15 online lenders and consumer finance companies to sign up to connect with Baihang Zhengxin ("Baihang Credit"),China's first unified credit-reporting platform comprising the online lending sector and backed by China's central bank. According to the data sharing agreement,PPDAI will transmit the credit information and data generated on PPDAI's platform to Baihang Credit's platform on a timely basis,while Baihang Credit will integrate and process the data and information collected from all its partners and provide individual credit information back to PPDAI and other partner companies.

Mr. Jun Zhang,Chairman and Chief Executive Officer of PPDAI,said,"We are encouraged that our company is among the first to connect and share data with Baihang Credit. This further validates and recognizes our strong technological capabilities,our large customer scale and our high data quality. We will continue to closely cooperate with the authorities and ensure compliance for our business."

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section21E of the Securities Exchange Act of 1934,as amended,and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions,and relate to events that involve known or unknown risks,uncertainties and other factors,all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve risks,uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include,but are not limited to,uncertainties as to the Company's ability to attract and retain borrowers and investors on its marketplace,its ability to increase volume of loans facilitated through the Company's marketplace,its ability to introduce new loan products and platform enhancements,its ability to compete effectively,laws,regulations and governmental policies relating to the online consumer finance industry in China,general economic conditions in China,and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the NYSE,including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks,uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release,and PPDAI does not undertake any obligation to update any forward-looking statement as a result of new information,future events or otherwise,except as required under applicable law.

About PPDAI Group Inc.

PPDAI is a leading online consumer finance marketplace in China with strong brand recognition. Launched in 2007,the Company is the first online consumer finance marketplace in China connecting borrowers and investors. As a pioneer in China's online consumer finance marketplace,the Company benefits from both its early-mover advantages and the invaluable data and experience accumulated throughout multiple complete loan lifecycles. The Company's platform,empowered by its proprietary,cutting-edge technologies,features a highly automated loan transaction process,which enables a superior user experience,as evidenced by the rapid growth of the Company's user base and loan origination volume. As of March 31,2018,the Company had over 71 million cumulative registered users.

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

For investor and media inquiries,please contact:

In China:

PPDAI Group Inc.

Sally Huo / Jimmy Tan

Tel: +86 (21) 8030 3200-8601

E-mail:ir@ppdai.com

The Piacente Group,Inc.

Ross Warner

Tel: +86 (10) 5730-6200

E-mail: paipaidai@tpg-ir.com

In the United States:

The Piacente Group,Inc.

Brandi Piacente

Tel: +1-212-481-2050

E-mail: paipaidai@tpg-ir.com

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