SHANGHAI, Dec. 20, 2024 – Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading Chinese fintech company, announced a definitive agreement to purchase roughly 43,500 square meters of commercial property in Shanghai for approximately RMB1.35 billion in cash. The acquisition, expected to close subject to standard closing conditions, will serve as the company’s new headquarters to accommodate its ongoing growth.

About Jiayin Group Inc.

Jiayin Group Inc. is a prominent Chinese fintech platform connecting underserved borrowers with financial institutions. Established in 2011, the company utilizes a secure, open platform with a robust risk management system and proprietary risk assessment model leveraging advanced big data analytics and sophisticated algorithms. For more details, visit https://ir.jiayintech.cn/.

Forward-Looking Statements

This press release includes forward-looking statements under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements, identifiable by terms like “will,” “expects,” “anticipates,” and similar phrasing, are found in the Company’s SEC filings, shareholder reports, press releases, and statements made by officers, directors, or employees. Non-historical statements, including beliefs and expectations, are forward-looking. Such statements here include the purchase closing and the property’s future use. These statements involve inherent risks and uncertainties based on current assumptions about the Company and the industry. Potential risks include retaining and attracting investors and borrowers, increasing loan facilitation volume, the effectiveness of credit assessment and risk management, Chinese regulations concerning online finance, general Chinese economic conditions, and maintaining Nasdaq listing. All information is current as of today’s date; the Company is not obligated to update forward-looking statements unless legally required. While the Company believes these expectations are reasonable, actual results may differ significantly. More detailed information on risks is in the Company’s SEC filings, including its Form 20-F annual report.

For investor and media inquiries, please contact:

Jiayin Group

Mr. Shawn Zhang
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