FinVolution Group Announces New Share Repurchase Program Up To US$150 million

SHANGHAI, March 18, 2025 /PRNewswire/ -- FinVolution Group ("FinVolution," or the "Company") (NYSE: FINV), a leading fintech platform in China, Indonesia and the Philippines, today announced that the board of directors of the Company (the "Board") has authorized a new share repurchase program (the "New Share Repurchase Program") effective on March 20, 2025. Pursuant to the New Share Repurchase Program, the Company may repurchase up to US$150.0 million worth of its shares (including ADSs) during the period from March 20, 2025 to March 19, 2027.

Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution Group, said, "We remain dedicated to increasing shareholder value. Since the initial launch of our first share repurchase program on March 21, 2018, through December 31, 2024, we have cumulatively deployed approximately US$370.0 million to repurchase the Company's ADSs. We believe that the current external environment, coupled with our strong financial foundation, presents a compelling opportunity to deliver shareholder value. This New Share Repurchase Program is also our fourth share repurchase program, reflecting our confidence in the Company's 'Local Excellence, Global Outlook' strategy, business operations and outlook."

"Our Board's approval of the New Share Repurchase Program underscores the Company's effective business strategies and impressive growth trajectory," said Mr. Shaofeng Gu, Chairman and Chief Innovation Officer of FinVolution Group. "We continue to view FinVolution as an excellent investment at our current market valuation, and share buybacks serve as a useful capital management tool in the current environment. With our thriving expansion in multiple international markets and a solid balance sheet, we believe we are well-positioned to capitalize on this buying opportunity and deliver long-term sustainable growth for all our stakeholders."

The Company's proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Board will review the share repurchase program periodically, and may authorize adjustment of its terms and size.

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