Weidai Ltd. to Report Third Quarter 2018 Financial Results on December 11, 2018

BEIJING,Dec. 5,2018 --Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI),a leading auto-backed financing solution provider in China,today announced that it will report its unaudited financial results for the third quarter ended September 30,2018,before U.S. markets open on Tuesday,December 11,2018.

Weidai's management will hold an earnings conference call on Tuesday,at 7:00 AM U.S. Eastern Time (8:00 PM on the same day,Beijing/Hong Kong Time). Dial-in details for the earnings conference call are as follows:

International:

1-412-902-4272

China:

4001-201203

US:

1-888-346-8982

Hong Kong:

800-905945

Passcode:

Weidai

A telephone replay will be available two hours after the conclusion of the conference call through December 18,2018. The dial-in details are:

International:

1-412-317-0088

US:

1-877-344-7529

Passcode:

10126932

About Weidai

Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI) is a pioneer and leading auto-backed financing solution provider inChinasupported by sophisticated and effective risk management system and technology. The Company transforms used automobiles,a type of "non-standard" collateral,into investable assets,to provide accessible credit forChina'ssmall and micro enterprises,and connects the borrowers with both online investors and institutional funding partners through its platform.

For more information on Weidai,please visithttp://weidai.investorroom.com/.

For more information,please contact:

Christensen

Mr. Christian Arnell

In China

+86-10-5900-1548

carnell@christensenir.com

Ms. Linda Bergkamp

In US

+1-480-614-3004

lbergkamp@christensenir.com

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