Qudian ^{Priced, NYSE: QD}

We are the largest online provider of small cash credit products in China in terms of the number of active borrowers and the amount of transactions, facilitating approximately RMB38.2 billion (US$5.6 billion) in transactions to 7.0 million active borrowers during the 1H17. Small credit products serve consumers' immediate needs for discretionary consumption. We target hundreds of millions of quality, unserved or underserved consumers in China. They are young, mobile-active consumers who need access to small credit for their discretionary spending but are underserved by traditional financial institutions due to their lack of traditional credit data and the operational inefficiency of traditional financial institutions. We believe our operating efficiency and big data analytics capability to understand our prospective borrowers from different behavioral and transactional perspectives, assess their credit profiles and offer them instantaneous and affordable credit products with customized terms distinguishes our business and offerings.