FinVolution Group (FINV) Announces 630K Share Purchase by Insiders

FinVolution Group (NYSE: FINV), a leading fintech platform in China, today announced that (i) Mr. Shaofeng Gu, Chairman of the board and Chief Innovation Officer of the Company, and (ii) other senior management of the Company, purchased in their personal capacity approximately 0.63 million of the Company's American Depositary Shares ("ADSs") in the first half of 2023. All the ADSs purchased were independent of the Company's share repurchase programs and were made during an open window period in full compliance with all the Company's and legal guidelines.

Mr. Gu commented, "We continue to view FinVolution as an excellent investment, particularly at our current market valuation, and share buybacks serve as an effective capital management tool in the current environment. Capitalizing on our cutting-edge suite of technologies, strong liquidity position and financial flexibility that enable us to navigate and succeed in all the markets in which we operate, we believe FinVolution is well-positioned to execute our 'Local Focus, Global Outlook' strategy to deliver long-term sustainable growth."

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