Recent Updates — QFIN

Qfin Holdings announced that CEO Haisheng Wu will step down from his roles as chief executive officer and director to focus on international business expansion. The Board appointed Yan Zheng, previously the Company's vice president and chief risk officer with 18 years of consumer finance risk management experience, as the new CEO and director effective September 21, 2026. This leadership transition is intended to support the company's long-term strategic development and international growth. Qfin Holdings operates in the credit technology industry, providing AI-empowered loan lifecycle services to financial institutions and consumers.

Qfin Holdings reported Q2 2026 net income of RMB401.4 million (US$59.2 million), down from RMB879.8 million in the prior quarter, driven by a non-recurring tax expense of approximately RMB500 million and lower loan facilitation volume which fell 25.1% year-over-year to RMB63.4 billion. Total net revenue declined to RMB3.57 billion as financing income and platform services fees decreased. The company declared a semi-annual dividend of US$0.46 per ADS (US$0.23 per Class A ordinary share), with a record date of September 9, 2026, and expected payment dates in late September and early October 2026. Additionally, the Board appointed Prof. Dong Lou as an independent director effective August 25, 2026. Qfin Holdings operates as an AI-empowered credit technology platform in China.