Xiaobai Maimai to Report Unaudited Financial Results for First Half of Fiscal Year 2021 on December 21, 2020

BEIJING,Dec. 18,2020 -- Xiaobai Maimai Inc. (NASDAQ: HX),formerly known as Hexindai Inc.,("Xiaobai Maimai" or the "Company"),a social e-commerce platform in China,today announced that it will release its unaudited financial results for the six months ended September 30,2020,on Monday,December 21,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 Monday,2020 (9:00 p.m. Beijing/Hong Kong Time on the same day).

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

United States:

1-888-346-8982

Hong Kong:

852-301-84992

Mainland China:

4001-201203

International:

1-412-902-4272

Passcode:

Xiaobai Maimai

A telephone replay of the call will be available two hours after the conclusion of the conference call to December 28,2020.

Dial-in numbers for the replay are as follows:

United States:

1-877-344-7529

International:

1-412-317-0088

Passcode:

10150609

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

About Xiaobai Maimai Inc.

Xiaobai Maimai Inc. (NASDAQ: HX),is a social e-commerce platformbased in Beijing,China. The Company collaborates with domestic e-commerce platforms and offers users a wide selection of high-quality and affordable products on its social e-commerce platform. Leveraging its cooperation with mainstream e-commerce platforms and online service marketplaces,the Company continues to generate fast growth for the business by identifying and introducing cost-efficient products through its data analytics algorithm and operating system,and attracts users to its platform with excellent customer service.

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,strategies and expansion plans; its future business development,financial condition and results of operations; its ability to attract and retain new users and to increase revenues generated from repeat users; its expectations regarding demand for and market acceptance of its products and services; its relationships and cooperation with e-commerce platforms and services marketplaces; trends and competition in China's e-commerce market; the expected growth of the Chinese e-commerce market; Chinese governmental policies relating to the Company's corporate structure and the e-commerce industry; and general economic conditions in China. 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.xiaobaimaimai.com.

For investor inquiries,please contact:

Xiaobai Maimai

Investor Relations

Ms. Zenabo Ma

Email: ir@xiaobaimaimai.com

Christensen

In China

Mr. Eric Yuan

Phone: +86-10-5900-1548

E-mail: Eyuan@christensenir.com

In US

Mr. Tip Fleming

Phone: +1-917-412-3333

Email:tfleming@Christensenir.com

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