X Financial

X Financial was incorporated in the Cayman Islands in January 2015 under the name Winning Financial Service Inc. and renamed X Financial in August 2017. On September 19, 2018, we completed an initial public offering of 11,763,478 ADSs representing 23,526,956 Class A ordinary shares, and our ADSs have been traded on the NYSE under the symbol XYF since that date. March 2014: Shenzhen Ying Zhong Tong Financial Information Service Co., Ltd. ( Shenzhen Ying Zhong Tong (VIE) ) incorporated, controlled by Mr. Yue (Justin) Tang. March 2015: Beijing Ying Zhong Tong Rongxun Technology Service Co., Ltd. ( Beijing Ying Zhong Tong (VIE) ) incorporated by co-founders Mr. Yue (Justin) Tang and Mr. Baoguo Zhu, controlled by Mr. Tang. October 2015: YZT (HK) Limited incorporated as X Financial’s wholly-owned intermediate holding company. YZT (HK) Limited incorporated Xiaoying (Beijing) Information Technology Group Co., Ltd. ( Beijing WFOE ) as its wholly-owned Chinese Mainland subsidiary. October December 2016: Shenzhen Xiaoying Technology Co., Ltd. ( Shenzhen Xiaoying (VIE) ) incorporated by entities controlled by Mr. Tang, Mr. Baoguo Zhu, and other investors. In December 2016, Shenzhen Xiaoying (VIE) acquired all equity interests in Shenzhen Ying Zhong Tong (VIE). December 2017: Corporate restructuring completed in contemplation of our initial public offering. Beijing WFOE entered into VIE Agreements with Beijing Ying Zhong Tong (VIE) and Shenzhen Xiaoying (VIE) on December 22, 2017. Shareholders of Shenzhen Xiaoying (VIE) changed to Mr. Tang and entities controlled by Mr. Tang and Mr. Zhu.