Hexindai to Report Unaudited First Quarter Fiscal Year 2020 Financial Results on September 18, 2019

BEIJING,Sept. 11,2019 -- Hexindai Inc.(NASDAQ: HX) ("Hexindai" or the "Company"),a fast-growing consumer lending marketplace inChina,today announced that it will release its unaudited financial results for the first quarter fiscal year 2020 ended June 30,2019,on Wednesday,September 18,before the open of U.S. markets.

The Company will host a conference call to discuss the earnings at 8:00 a.m. Eastern Time on Wednesday,2019 (8:00 p.m. Beijing/Hong Kong Time on the same day).

Dial-in numbers for the live conference call are as follows:

International

+65 6713-5090

U.S. Toll Free

+1 866-519-4004

Mainland China

4006-208038

Hong Kong Toll Free

8009-06601

Passcode:

HX

A telephone replay of the call will be available two hours after the conclusion of the conference call through 9:59 p.m. Beijing/Hong Kong Time,September 26,2019.

Dial-in numbers for the replay are as follows:

International Dial-in

+61 2-8199-0299

U.S. Toll Free

+1 855-452-5696

Passcode:

1727727

A live and archived webcast of the conference call will be available on the Investor Relations section of Hexindai's website at http://ir.hexindai.com/.

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 as well as its cooperation with institutional investors. Hexindai's strong user acquisition capabilities combined with its cooperation with institutional investors,advanced risk management system,and strong strategic cooperative relationships with a custodian bank and a guarantee company to safeguard investments,allows the Company to generate higher customer satisfaction,reliance,and realize fast growth in China.

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 Company's 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 Company's 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 marketplace's 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 Company's 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 more information,please visit http://ir.hexindai.com/

For investor inquiries,please contact:

Hexindai

Ms. Daisy Wang

Tel: +86-10-5357-9038

Email: ir@hexindai.com

Christensen

In China

Mr. Christian Arnell

Phone: +86-10-5900-1548

Email: carnell@christensenir.com

In US

Mr. Tip Fleming

Phone: +1-917-412-3333

Email:tfleming@Christensenir.com

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