FinVolution Group Reports First Quarter 2023 Unaudited Financial Results

-Net revenue reached RMB3,050.6 million,representing a year-over-year increase of 24.7% -

-International business revenue contribution reached 14.7% of total revenue for the first quarter through Local Focus,Global Outlook Strategy-

SHANGHAI,May 18,2023 -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV),a leading fintech platform,today announced its unaudited financial results for the first quarter ended March 31,2023.

For the Three Months Ended / As of

YoY

Change

March 31,2022

March 31,2023

Total Transaction Volume(RMB in billion)[1]

39.7

43.4

9.3%

Transaction Volume (China's Mainland)

38.8

41.8

7.7%

Transaction Volume (International)[2]

0.86

1.57

82.6%

Total Outstanding Loan Balance (RMB in billion)

53.8

62.3

15.8%

Outstanding Loan Balance (China's Mainland)[3]

53.4

61.3

14.8%

Outstanding Loan Balance (International)[4]

0.36

0.95

163.9%

First Quarter 2023 China Market Operational Highlights

Cumulative registered users[5] reached 146.6 million as of March 31,2023,an increase of 8.4% compared to March 31,2022.

Cumulative borrowers for the China market reached 24.0 million as of March 31,an increase of 6.7% compared to March 31,2022.

Number of unique borrowers[6] for the first quarter of 2023 was 2.2 million,a decrease of 14.2% compared to the same period of 2022.

Transaction volume reached RMB41.8 billion for the first quarter of 2023,an increase of 7.7% compared to the same period of 2022.

Transaction volume facilitated for repeat individual borrowers[8] for the first quarter of 2023 was RMB37.1 billion,an increase of 13.8% compared to the same period of 2022.

Outstanding loan balance reached RMB61.3 billion as of March 31,an increase of 14.8% compared to March 31,2022.

90 day+ delinquency ratio[9] was 1.72% as of March 31,compared to 1.64% as of March 31,2022.

First Quarter 2023 International Market Operational Highlights

Cumulative registered users[5] reached 17.9 million as of March 31,an increase of 77.2% compared to March 31,2022.

Cumulative borrowers for the international market reached 3.7 million as of March 31,an increase of 48.0% compared to March 31,2022.

Number of unique borrowers[6] for the first quarter of 2023 was 0.74 million,an increase of 23.3% compared to the same period of 2022.

Number of new borrowers[7] for the first quarter of 2023 was 0.31 million,an increase of 34.8% compared to the same period of 2022.

Transaction volume reached RMB1.57 billion for the first quarter of 2023,an increase of 82.6% compared to the same period of 2022.

Proportion of transaction volume in the Indonesia market funded by local financial institutions has increased to 63.9% in the first quarter of 2023 from 14.6% in the same period last year.

Outstanding loan balance reached RMB0.95 billion as of March 31,an increase of 163.9% compared to March 31,2022.

International business revenue was RMB447.7 million (US$65.2 million) for the first quarter of 2023,an increase of 165.8% compared to the same period of 2022,representing 14.7% of total revenue in the first quarter of 2023.

First Quarter 2023 Financial Highlights

Net revenue was RMB3,050.6 million (US$444.2 million) in the first quarter of 2023,an increase of 24.7% from RMB2,446.8 million in the same period of 2022.

Net profit was RMB689.8 million (US$100.4 million) in the first quarter of 2023,an increase of 29.1% from RMB534.3 million in the same period of 2022.

Non-GAAP adjusted operating income,[10]which excludes share-based compensation expenses before tax,was RMB762.6 million (US$111.0 million) in the first quarter of 2023,an increase of 26.7% from RMB602.1 million in the same period of 2022.

Diluted net profit per American depositary share ("ADS") was RMB2.42 (US$0.35) and diluted net profit per share was RMB0.48 (US$0.07) in the first quarter of 2023,an increase of 33.7% from the same period of 2022. Non-GAAP diluted net profit per ADS was RMB2.49 (US$0.36) and non-GAAP diluted net profit per share was RMB0.50 (US$0.07) in the first quarter of 2023,an increase of 32.4% from the same period of 2022. Each ADS of the Company represents five Class A ordinary shares of the Company.

[1] Represents the total transaction volume facilitated in China's Mainland and the international markets on the Company's platforms during the period presented.

[2] Represents our international markets outside China's Mainland.

[3] Outstanding loan balance (China's Mainland) as of any date refers to the balance of outstanding loans in China's Mainland market delinquent within 180 days from the given date.

[4] Outstanding loan balance (international) as of any date refers to the balance of outstanding loans in the international markets delinquent within 30 days from the given date.

[5] On a cumulative basis,the total number of users in both China and international markets registered on the Company's platforms as of March 31,2023.

[6] Represents the total number of borrowers in both China and international markets whose transactions were facilitated on the Company's platforms during the period presented.

[7] Represents the total number of new borrowers who have successfully borrowed on our platform in the past and borrowed on the Company's platforms in the international markets during the period presented.

[8] Represents the transaction volume facilitated for the repeat borrowers who successfully completed their transaction on the Company's platforms during the period presented.

[9] "90 day+ delinquency ratio" refers to the outstanding principal balance of on- and-off balance sheet loans that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of on-and-off balance sheet loans on the Company's platform as of a specific date. Loans that originated outside China's Mainland are not included in the calculation.

[10] Please refer to "UNAUDITED Reconciliation of GAAP And Non-GAAP Results" for reconciliation between GAAP and Non-GAAP adjusted operating income.

Mr. Tiezheng Li,Chief Executive Officer of FinVolution,commented,"During the first quarter of 2023,total transaction volume reached RMB43.4 billion,representing a year-over-year increase of 9.3% while total outstanding loan balance reached RMB62.3 billion,representing a year-over-year increase of15.8%."

"We are delighted that our international markets continue to develop rapidly with transaction volume reaching RMB1.57 billion,representing a year-over-year increase of 82.6% while outstanding loan balance grew to RMB0.95 billion representing a year-over-year increase of 163.9%. Notably,this rapid growth propelled our international revenue contribution to 14.7% of total revenue in the quarter," concluded Mr. Li.

Mr. Jiayuan Xu,FinVolution's Chief Financial Officer,continued,"We are encouraged by the financial results we achieved in the first quarter.Net revenue for the first quarter reached RMB3,050.6million representing a year-over-year increase of 24.7%. More encouragingly,due to our prudent business attitude and risk management,our net profit reached RMB689.8 million in the first quarter,representing a year-over-year increase of 29.1%."

"Our cash and short-term liquidity position as of the end of March 2023 further strengthened to RMB7,750.1 million,representing a sequential increase of 9.7%. During such times of uncertainty,our strong balance sheet and liquidity position continue to provide confidence to all our stakeholders," concluded Mr. Xu.

First Quarter 2023 Financial Results

Net revenuein the first quarter of 2023 increased by 24.7% to RMB3,050.6 million (US$444.2 million) from RMB2,446.8 million in the same period of 2022,primarily due to the increase in loan facilitation service fees,post facilitation service fees and guarantee income.

Loan facilitation service feesincreased by 16.7% to RMB1,168.3 million (US$170.1 million) in the first quarter of 2023 from RMB1,001.4 million in the same period of 2022. This increase was primarily due tothe increase in transaction volume,partially offset by the decrease in service fee rates.

Post-facilitation service feesincreased by 6.3% to RMB487.2 million (US$70.9 million) in the first quarter of 2023 from RMB458.4 million in the same period of 2022,primarily due to the increase in outstanding loans served by the Company and the rolling impact of deferred transaction fees.

Guarantee incomeincreased by 61.2%to RMB986.5 million (US$143.6million) in the first quarter of 2023 from RMB612.1million in the same period of 2022. This increase was primarily due to the increased outstanding loan balance of off-balance sheet loans and the rolling impact of deferred guarantee income. The fair value of quality assurance commitment upon loan origination is released as guarantee income systematically over the term of the loans subject to quality assurance commitment.

Net interest incomeincreased by 6.1%to RMB285.6 million (US$41.6 million) in the first quarter of 2023,from RMB269.1 million in the same period of 2022.

Other revenueincreased by 16.4% to RMB123.1 million (US$17.9 million) in the first quarter of 2023 from RMB105.8 million in the same period of 2022,primarily due to the increase in customer referral fees from other third-party platforms.

Origination,servicing expenses and other costs of revenueincreased by 3.0% to RMB512.4 million (US$74.6 million) for the first quarter of 2023 from RMB497.7 million for the same period of 2022,primarily due to the increase in employee's expenditures.

Sales and marketing expensesincreased by 19.6% to RMB397.1 million (US$57.8 million) in the first quarter of 2023 from RMB332.0 million in the same period of 2022 as a result of proactive customer acquisition efforts focusing on higher-quality borrowers in both China and international markets.

Research and development expensesincreased by 12.3% to RMB126.2 million (US$18.4 million) in the first quarter of 2023,from RMB112.4 million in the same period of 2022,due to the increase in investments for technology development.

General and administrative expensesdecreased by 6.3% to RMB85.4 million (US$12.4 million) in the first quarter of 2023 from RMB91.1 million in the same period of 2022,primarily due to the increase in operating efficiency.

Provision for accounts receivable and contract assets decreased by 13.5% to RMB63.2 million (US$9.2 million) in the first quarter of 2023 from RMB73.1 million for the same period of 2022,primarily due to the better-than expected default rate,partially offset by the increase in loan volume and outstanding loan balances of off-balance sheet loans.

Provision for loans receivableincreased by 44.0% to RMB143.3 million (US$20.9million) in the first quarter of 2023,from RMB99.5million in the same period of 2022,primarily due to the increase in loan volume and outstanding loan balances in the international markets.

Credit losses for quality assurance commitmentincreased by 48.8%to RMB980.7 million (US$142.8 million) in the firstquarter of 2023 compared to RMB659.0million in the same period of 2022. The increase was primarily due to the increase in loan volume and outstanding loan balances in the international markets.

Operating profitincreased by 27.5% to RMB742.3 million (US$108.1 million) in the first quarter of 2023 from RMB582.0 million in the same period of 2022.

Non-GAAP adjusted operating income,which excludes share-based compensation expenses before tax,was RMB762.6 million (US$111.0million) in the firstquarter of 2023,representing an increase of 26.7% from RMB602.1 million in the same period of 2022.

Other income increased by 63.0% to RMB82.8 million (US$12.1 million) in the first quarter of 2023 from RMB50.8 million in the same period of 2022,mainly due to the increase in gains from wealth management products.

Income tax expense wasRMB135.2 million (US$19.7 million) in the first quarter of 2023,compared to RMB98.6 million in the same period of 2022. This increase was mainly due to the increase in pre-tax profit in the first quarter and the increase in effective tax rate caused by an increase in profit contribution from subsidiaries with higher tax rates.

Net profit was RMB689.8 million (US$100.4 million) in the first quarter of 2023,compared to RMB534.3 million in the same period of 2022.

Net profit attributable to ordinary shareholders of the Companywas RMB695.9 million (US$101.3 million) in the first quarter of 2023,compared to RMB534.7 million in the same period of 2022.

Diluted net profit per ADSwas RMB2.42 (US$0.35) and diluted net profit per share was RMB0.48 (US$0.07) in the first quarter of 2023,an increase of 33.7% from the same period of 2022. Non-GAAP diluted net profit per ADS was RMB2.49 (US$0.36) and non-GAAP diluted net profit per share was RMB0.50 (US$0.07) in the first quarter of 2023,an increase of 32.4% from the same period of 2022. Each ADS represents five Class A ordinary shares of the Company.

As of March 31,the Company had cash and cash equivalents of RMB5,083.8 million (US$740.3 million) and short-term investments,mainly in wealth management products,of RMB2,666.3 million (US$388.2 million).

The following chart and table display the historical cumulative 30-day plus past due delinquency rates by loan origination vintage in China's Mainland for all loan products facilitated through the Company's online platform as of March 31,2023:

Click here to view the chart.

Shares Repurchase Update

On August 21,2022,the board of directors of the Companyapproved the expansion of the Company's existing share repurchase program from up to US$60 million to up to US$140 million and the extension for another twelve months from January 1,through December 31,which allows the Company to repurchase its own Class A ordinary shares in the form of ADSs with an aggregate value of up to US$140 million until December 31,2023.

As of March 31,in combination with the Company's historical and existing share repurchase programs,the Company had cumulatively repurchased its own Class A ordinary shares in the form of ADSs with a total aggregate value of approximately US$195.7 million.

Business Outlook

The Company will continue to closely monitor the pandemic situation and remain vigilant in its business operations. The Company announced that it expects its China's Mainland transaction volume for the second quarter of 2023 to be around RMB45.0 billion,representing year-over-year growth of approximately 10.8%. The Company also announced that it expects its international markets transaction volume for the second quarter of 2023 to be around RMB1.7 billion,representing year-over-year growth of approximately 86.8%.

The above forecast is based on the current market conditions and reflects the Company's current preliminary views and expectations on market and operational conditions and the regulatory and operating environment,as well as customer and institutional partners demands,all of which are subject to change.

Conference Call

The Company's management will host an earnings conference call at 8:30 PM U.S. Eastern Time on May 17,2023 (8:30 AM Beijing/Hong Kong Time on May 18,2023).

Dial-in details for the earnings conference call are as follows:

United States (toll free):

1-888-346-8982

Canada (toll free):

1-855-669-9657

International:

1-412-902-4272

Hong Kong,China (toll free):

800-905-945

Hong Kong,China:

852-3018-4992

Mainland,China:

400-120-1203

Participants should dial-in at least five minutes before the scheduled start time and ask to be connected to the call for "FinVolution Group."

Additionally,a live and archived webcast of the conference call will be available on the Company's investor relations website at https://ir.finvgroup.com.

A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until May 24,by dialing the following telephone numbers:

United States (toll free):

1-877-344-7529

Canada (toll free):

855-669-9658

International:

1-412-317-0088

Replay Access Code:

9175031

About FinVolution Group

FinVolution Group is a leading fintech platform with strong brand recognition in China and the international markets connecting borrowers of the young generation with financial institutions. Established in 2007,the Company is a pioneer in China's online consumer finance industry and has developed innovative technologies and has accumulated in-depth experience in the core areas of credit risk assessment,fraud detection,big data and artificial intelligence. The Company's platform,empowered by proprietary cutting-edge technologies,features a highly automated loan transaction process,which enables a superior user experience. As of March 31,the Company had over 164.5 million cumulative registered users.

For more information,please visit https://ir.finvgroup.com

Use of Non-GAAP Financial Measures

We use non-GAAP adjusted operating income,non-GAAP operating margin,non-GAAP net profit,non-GAAP net profit attributable to FinVolution Group,non-GAAP basic and diluted net profit per share and per ADS which are non-GAAP financial measures,in evaluating our operating results and for financial and operational decision-making purposes. We believe that these non-GAAP financial measures help identify underlying trends in our business by excluding the impact of share-based compensation expenses and expected discretionary measures. We believe that non-GAAP financial measures provide useful information about our operating results,enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Non-GAAP adjusted operating profit,non-GAAP net profit non-GAAP basic and diluted net profit per share and per ADS are not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tool,and when assessing our operating performance,cash flows or our liquidity,investors should not consider it in isolation,or as a substitute for net income,cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.

For more information on this non-GAAP financial measure,please see the table captioned "Reconciliations of GAAP and Non-GAAP results" set forth at the end of this press release.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted,all translations from RMB to U.S. dollars are made at a rate of RMB6.8676 to US$1.00,the rate in effect as of March 31,2023 as certified for customs purposes by the Federal Reserve Bank of New York.

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E 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 FinVolution 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.

For investor and media inquiries,please contact:

In China:

FinVolution Group

Head of Investor Relations

Jimmy Tan,IRC

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

E-mail: ir@xinye.com

The Piacente Group,Inc.

Jenny Cai

Tel: +86 (10) 6508-0677

E-mail: finv@tpg-ir.com

In the United States:

The Piacente Group,Inc.

Brandi Piacente

Tel: +1-212-481-2050

E-mail: finv@tpg-ir.com

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands,except share data,or otherwise noted)

As of December 31,

As of March 31,

2022

2023

RMB

RMB

USD

Assets

Cash and cash equivalents

3,636,380

5,083,789

740,257

Restricted cash

2,842,707

2,960,351

431,060

Short-term investments

3,427,020

2,666,273

388,239

Investments

1,084,084

1,109,292

161,525

Quality assurancereceivable,net of credit loss allowance for

quality assurance receivable of RMB374,304 and RMB394,930

as of December 31,and March 31,respectively

1,669,855

1,606,434

233,915

Intangible assets

98,692

98,692

14,371

Property,equipment and software,net

141,345

138,191

20,122

Loans receivable,net of credit loss allowance for loans receivable

of RMB294,355 and RMB254,613 as of December 31,2022

and March 31,respectively

2,136,432

1,242,632

180,941

Accounts receivable and contract assets,net of credit loss

allowance for accounts receivable and contract assets of

RMB496,918 and RMB402,943 as of December 31,and

March 31,217,445

2,244,132

326,771

Deferred tax assets

919,361

1,160,701

169,011

Right of use assets

192,428

183,879

26,775

Prepaid expenses and other assets

2,966,751

2,796,856

407,254

Goodwill

50,411

50,411

7,340

Total assets

21,382,911

21,341,633

3,107,581

Liabilities and Shareholders' Equity

Deferred guarantee income

1,805,164

1,786,267

260,101

Liability from quality assurance commitment

3,555,618

3,650,909

531,614

Payroll and welfare payable

274,408

175,825

25,602

Taxes payable

134,027

302,772

44,087

Funds payable to investors of consolidated trusts

1,845,210

1,054,904

153,606

Contract liability

5,109

5,215

759

Deferred tax liabilities

232,188

291,729

42,479

Accrued expenses and other liabilities

909,708

844,405

122,955

Leasing liabilities

176,990

176,255

25,665

Dividends payable

-

416,463

60,642

Total liabilities

8,938,422

8,704,744

1,267,510

Commitments and contingencies

FinVolution Group Shareholders' equity

Ordinary shares

103

103

15

Additional paid-in capital

5,692,703

5,707,355

831,055

Treasury stock

(568,595)

(655,601)

(95,463)

Statutory reserves

698,401

698,401

101,695

Accumulated other comprehensive income

52,237

23,069

3,357

Retained Earnings

6,496,852

6,776,273

986,702

Total FinVolution Group shareholders' equity

12,371,701

12,549,600

1,827,361

Non-controlling interest

72,788

87,289

12,710

Total shareholders' equity

12,444,489

12,889

1,840,071

Total liabilities and shareholders' equity

21,581

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE

INCOME

(All amounts in thousands,or otherwise noted)

For the Three Months Ended March 31,

2022

2023

RMB

RMB

USD

Operating revenue:

Loan facilitation service fees

1,001,363

1,168,253

170,111

Post-facilitation service fees

458,436

487,171

70,938

Guarantee income

612,122

986,520

143,648

Net interest income

269,122

285,632

41,591

Other Revenue

105,751

123,067

17,920

Net revenue

2,446,794

3,050,643

444,208

Operating expenses:

Origination,servicing expenses and other cost of revenue

(497,704)

(512,428)

(74,615)

Sales and marketing expenses

(331,980)

(397,118)

(57,825)

Research and development expenses

(112,403)

(126,216)

(18,378)

General and administrative expenses

(91,139)

(85,402)

(12,435)

Provision for accounts receivable and contract assets

(73,050)

(63,200)

(9,203)

Provision for loans receivable

(99,468)

(143,316)

(20,868)

Credit losses for quality assurance commitment

(659,009)

(980,683)

(142,799)

Total operating expenses

(1,864,753)

(2,308,363)

(336,123)

Operating profit

582,041

742,280

108,085

Other income,net

50,849

82,777

12,053

Profit before income tax expense

632,890

825,057

120,138

Income tax expenses

(98,631)

(135,237)

(19,692)

Net profit

534,259

689,820

100,446

Net profit attributable to non-controlling,interest shareholders

(404)

(6,064)

(883)

Net profit attributable to FinVolution Group

534,663

695,884

101,329

Foreign currency translation adjustment,net of nil tax

(2,546)

(29,168)

(4,247)

Total comprehensive income attributable

to FinVolution Group

532,117

666,716

97,082

Weighted average number of ordinary shares used in

computing net income per share

Basic

1,431,746,490

1,410,573,744

Diluted

1,474,499,556

1,436,889,563

1,563

Net profit per share attributable to FinVolution

Group's ordinary shareholders

Basic

0.37

0.49

0.07

Diluted

0.36

0.48

0.07

Net profit per ADS attributable to FinVolution

Group's ordinary shareholders (one ADS equal

five ordinary shares)

Basic

1.87

2.47

0.36

Diluted

1.81

2.42

0.35

FinVolution Group

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(All amounts in thousands,or otherwise noted)

Three Months Ended March 31,

2022

2023

RMB

RMB

USD

Net cash (used in)/provided by operating activities

(35,152)

672,286

97,892

Net cash (used in)/ provided by investing activities

(1,743,175)

1,886

262,957

Net cash provided by/ (used in) financing activities

401,228

(886,716)

(129,116)

Effect of exchange rate changes on cash and cash equivalents

(2,096)

(26,403)

(3,844)

Net increase/ (decrease) in cash,cash equivalent and restricted cash

(1,379,195)

1,565,053

227,889

Cash,cash equivalent and restricted cash at beginning of period

8,491,541

6,479,087

943,428

Cash,cash equivalent and restricted cash at end of period

7,112,346

8,044,140

1,171,317

FinVolution Group

UNAUDITED Reconciliation of GAAP and Non-GAAP Results

(All amounts in thousands,or otherwise noted)

For the Three Months Ended March 31,

2022

2023

RMB

RMB

USD

Net Revenues

2,208

Less: total operating expenses

(1,123)

Operating Income

582,085

Add: share-based compensation expenses

20,098

20,359

2,964

Non-GAAP adjusted operating income

602,139

762,639

111,049

Operating Margin

23.8%

25.0%

25.0%

Non-GAAP operating margin

24.6%

25.6%

25.6%

Non-GAAP adjusted operating income

602,049

Add: other income,053

Less: income tax expenses

(98,692)

Non-GAAP net profit

554,357

710,179

103,410

Net profit attributable to non-controlling interest

shareholders

(404)

(6,064)

(883)

Non-GAAP net profit attributable to FinVolution

Group

554,761

716,243

104,293

Weighted average number of ordinary shares used in

computing net income per share

Basic

1,563

Non-GAAP net profit per share attributable to

FinVolution Group's ordinary shareholders

Basic

0.39

0.51

0.07

Diluted

0.38

0.50

0.07

Non-GAAP net profit per ADS attributable to

FinVolution Group's ordinary shareholders (one ADS

equal five ordinary shares)

Basic

1.94

2.54

0.37

Diluted

1.88

2.49

0.36