LX - LexinFintech senior management to purchase up to $10M of ADSs

LexinFintech (NASDAQ:LX) announced that members of its senior management have informed the company that they planned to use their personal funds to purchase the company's American depository shares, or ADSs, and some purchases had been made in the past few days. Led by chairman and CEO Jay Wenjie Xiao, president Jared Yi Wu, CFO Sunny Rui Sun, chief financing cooperation officer Kris Qian Qiao, chief human resource officer Shirley Yunwen Yang and chief marketing officer Jason Ming Zhao, the members intend to continue the purchase to up to $10M worth of the ADSs within the next six months, pursuant and subject to applicable laws and the company's securities trading policy. "The management team is fully aligned with the regulatory guidance and dedicated to refining our business model and developing new initiatives, such as Maiya and Le Partners," says Mr. Jay Wenjie Xiao.

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LexinFintech senior management to purchase up to $10M of ADSs