BEIJING, Dec. 16, 2020 /PRNewswire/ -- Hexindai Inc.
(NASDAQ: HX) ("Hexindai" or the "Company"), a social e-commerce
platform in China, today announced
that it held the 2020 annual general meeting of shareholders (the
"AGM") at the Conference Room, 5th Floor, Block C, Shimao Plaza,
No. 92 Jianguo Road, Chaoyang District, Beijing 100020, People's Republic of China, at 10:00
a.m. (Beijing Time) on December 16,
2020. At the AGM, holders of 52,025,638 ordinary shares
(including ordinary shares represented by the Company's American
Depositary Shares), out of the 52,458,550 ordinary shares issued
and outstanding, were present in person or by proxy, and therefore
constituted a quorum of more than one-third of the ordinary shares
outstanding and entitled to vote at the AGM as of November 6, 2020, the record date of the AGM.
At the AGM, the shareholders of the Company approved the name
change of the Company from "Hexindai Inc." to "Xiaobai Maimai
Inc.", as a special resolution of the Company. As an ordinary
resolution of the Company, the shareholders ratified the
appointment of Wei, Wei& Co., LLP as the Company's independent
registered public accounting firm.
About Hexindai Inc.
Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a
social e-commerce platform based in Beijing, China. The Company collaborates with
domestic e-commerce platforms and offers users a wide selection of
high-quality and affordable products on its new social e-commerce
platform. Leveraging its cooperation with mainstream e-commerce
platforms and services marketplaces, and its data analytics
algorithm and operating system, the Company continues to identify
and introduce cost-efficient products and attract users to its
platform and generate higher user satisfaction to realize the
platform's fast growth.
For more information, please
visit http://ir.xiaobaimaimai.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These statements can be identified by terminology such
as "will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "potential," "continue," "ongoing,"
"targets," "guidance" and similar statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Any statements that are
not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but not limited to the
following: the Company's goals, strategies and expansion plans; its
future business development, financial condition and results of
operations; its ability to attract and retain new users and to
increase revenues generated from repeat users; its expectations
regarding demand for and market acceptance of its products and
services; its relationships and cooperation with e-commerce
platforms and services marketplaces; trends and competition in
China's e-commerce market; the
expected growth of the Chinese e-commerce market; Chinese
governmental policies relating to the Company's corporate structure
and the e-commerce industry; and general economic conditions in
China. Further information
regarding these and other risks, uncertainties or factors is
included in the Company's filings with the SEC. All information
provided in this announcement is current as of the date of this
announcement, and the Company does not undertake any obligation to
update such information, except as required under applicable
law.
For investor inquiries, please contact:
Hexindai
Investor Relations
Ms. Zenabo Ma
Email: ir@xiaobaimaimai.com
Christensen
In China
Mr. Eric Yuan
Phone: +86-10- 5900-1548
E-mail: Eyuan@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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SOURCE Hexindai Inc.