Stock code: 688018 Stock abbreviation: Lexin Technology Announcement No.: 2021-058

Lexin Information Technology (Shanghai) Co., Ltd.

Announcement on the Results of Shareholding Reduction of More than 5% Shareholders

the company's board of directors, all directors and relevant shareholders to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Important Content Tips:

Basic information on the shareholdings of major shareholders and directors and supervisors

Before the implementation of this reduction plan, Shinvest Holding Ltd. (hereinafter referred to as "Shinvest") held 4,117,824 shares of Lexin Information Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Lexin Technology" or "the Company"), accounting for 5.14 of the company's total share capital. Yadongbeichen Venture Capital Co., Ltd. (hereinafter referred to as "Yadongbeichen") holds 4,892,381 shares of the company, accounting for 6.11 of the company's total share capital.

Implementation results of the reduction plan

On June 4, 2021, the Company disclosed the shareholding of Lexin Information Technology (Shanghai) Co.

Announcement on the Plan for Shareholding Reduction of More than 5% Shareholders (Announcement No.: 2021-028), the Shinvest intends to reduce its holdings of no more than 3,204,518 shares of the company through centralized bidding and block trading, and no more than 4% of the company's current total share capital; Yadongbeichen plans to reduce its holdings of the company's shares by centralized bidding and block trading to no more than 4,806,778 shares and no more than 6% of the company's current total share capital.

On December 27, 2021, the Company received the "About Shares" from the Shinvest of Shareholders and Asia-East Beichen.

In the letter of notification of the results of the reduction, the Shinvest reduced its holdings of 1,313,378 shares of the company through centralized bidding, accounting for 1.64 of the total share capital of the company; Yadongbeichen reduced its holdings of 1,522,320 shares of the company through centralized bidding, accounting for 1.90 of the total share capital of the company. The time range of the reduction plan expires.

Basic situation of 1. reduction subject before reduction

Name of shareholder Identity of shareholder Number of shares held (shares) Percentage of shares currently held Source of shares

Shinvest Holding Ltd. more than 5% non-largest shareholder 4,117,824 5.14 before IPO: 4,117,824 shares

More than 5% of non-top shareholders of Asia Dongbeichen Venture Capital Co., Ltd. 4,892,381 6.11 before IPO: 4,892,381 shares

The above-mentioned reduction subject has no concerted action person.

Implementation results of the 2. reduction plan

(I) major shareholders and directors and supervisors disclosed the results of the implementation of the reduction plan due to the following matters:

Expiration of the disclosed reduction time interval

Number of shares to be reduced Reduction Price Total amount of shares to be reduced Current holdings Current holdings

Name of shareholder (shares) Ratio Reduction period Reduction method Range (yuan) Reduction completion Number (shares) Ratio

(Yuan/share)

Shinvest Holding 1,313,378 1.64% 2021/6/28 ~ Centralized Bidding 175.00- 287,997,434.15 Incomplete: 2,804,446 3.50%

Ltd. 2021/11/24 Trading 296.00 1,891,140 Shares

Asia Dongbei Chen Venture Investment 1,522,320 1.90 2021/6/28 ~ Centralized Bidding 197.44- 333,196,179.48 Not Completed: 3,370,061 4.20%

Limited 2021/12/6 Trading 240.76 3,284,458 shares

(II) whether the actual reduction is consistent with the previously disclosed reduction plan and commitment √ Yes □ No

(III) the expiration of the time interval for the reduction of holdings, whether the reduction has not been implemented.

Whether the actual reduction of (IV) has not reached the minimum reduction of the reduction plan (proportion).

According to the Notice Letter on the Share Reduction Plan of Shinvest and Asia-East Beichen, no minimum number (proportion) of shares has been set during the period of this share reduction plan.

Whether the (V) terminates the reduction plan early □ Yes √ No

It is hereby announced.

Board of Directors of Lexin Information Technology (Shanghai) Co., Ltd.

December 28, 2021