Securities code: 688018 Securities abbreviation: Lexin Technology Announcement No.: 2023-046

Lexin Information Technology (Shanghai) Co., Ltd.

Shareholders block trading share reduction plan announcement.

The board of directors, all directors and relevant shareholders of the Company guarantee that there are no false records in the contents of this announcement,

misleading statements or material omissions, and shall be legally liable for the truthfulness, accuracy and completeness of their contents.

Responsibility.

Important Content Tips:

Basic information on shareholder holdings

As of the date of this announcement, Lexin (Hong Kong) Investment Co., Ltd. (hereinafter referred to as "Lexin Hong Kong") holds

Xin Information Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Lexin Technology" or "Company") 33,960,000

shares, accounting for 42.19 per cent of the company's total share capital. The above shares are the initial public offering of Lexin Hong Kong.

previously acquired shares and have been listed for circulation.

Main contents of the reduction plan

Lexin Hong Kong intends to reduce its holdings of the company's shares by no more than 1,600,000 through a block transaction.

shares, not exceeding 1.99 per cent of the Company's current total share capital, will be held within three months after the date of this announcement.

The period is from March 31, 2023 to June 28, 2023. If public during the implementation of the reduction plan.

In the event of a share gift, capitalization of capital reserve, allotment of shares, etc., the proposed shares will be changed in accordance with the relevant provisions.

The number of reductions is adjusted accordingly.

Basic information on the subject of 1. reduction

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

Lexin (Hong Kong) voted more than 5%

33,960,000 42.19% Before IPO: 33,960,000 Shares

A major shareholder of a limited company.

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

Shareholding Reduction by Major Shareholders in the Past 12 Months

Reduction Number Reduction Price Range Pre-stage Reduction Plan

Shareholder Name Reduction Ratio Reduction Period

Volume (shares) ($/share) Date of disclosure

2022/11/23 ~

100,000 0.12% 80.34-80.34 2022/11/18

2022/11/23

Le Xin (Hong Kong) Votes 2023/2/7 ~

Capital Limited 400,000 0.50% 105.33-105.33 2023/2/2

2023/2/7

2023/3/20 ~

400,000 0.50% 117.11-121.57 2023/2/15

2023/3/23

Key elements of the 2. reduction plan

Shareholder Name Plan Reduction Plan Reduction Bidding Transaction Reduction Reduction Reasonable Proposed Reduction Shareholding Proposed Reduction

Reduction Method

Said quantity (shares) holding ratio holding period price range source reason.

Lexin (incense no more than: block trade minus

No more than: 2023/3/31 ~ Take your own capital before IPO at market price

Hong Kong) investment 1,600,000 holding, not more:

1.99 2023/6/28 grid demand

Limited company shares 1,600,000 shares

Note: The above-mentioned "auction reduction period" is actually a period of block trade reduction. If the reduction plan is implemented

During the period of the company's share gift, capital reserve to increase the share capital, rights issue and other share changes, will be in accordance with the relevant regulations.

The number of proposed reductions will be adjusted accordingly.

(I) whether the relevant shareholder has other arrangements □ Yes √ No

The majority shareholder of the (II) had previously made a significant contribution to the percentage of shareholding, the number of shares held, the duration of the shareholding, the manner in which the shareholding was reduced, the number of shares held, the reduction of the number of shares held, and the reduction of the number of shares held.

Whether a commitment is made to hold prices, etc. √ Yes □ No

If Lexin Hong Kong reduces its shareholding in the Company within two years after the expiration of the lock-up period for holding the Company's shares, the reduction price shall not be

Below the issue price of the company's initial public offering of shares, and the number of annual reductions does not exceed the total number of shares held at that time.

10%. If the company pays cash dividends, shares, transfers share capital, issues new shares, etc. for reasons such as ex-rights,

In the case of ex-dividend, the above-mentioned reduction price and the number of shares to be reduced shall be adjusted accordingly in accordance with the relevant provisions of the stock exchange.

The way of reducing the shares of the company shall comply with the relevant laws, regulations, rules and the rules of the stock exchange, including but not limited to the secondary market bidding trading method, block trading method, agreement transfer method, etc.

When Lexin Hong Kong implements the reduction of the company's shares and is still a shareholder holding more than 5% of the company's shares, it shall make an announcement at least three trading days in advance, and actively cooperate with the company's announcement and other information disclosure work; if it plans to reduce its shares through centralized bidding on the stock exchange, it shall disclose the reduction plan in advance in accordance with relevant regulations 15 trading days before the first sale.

If the securities regulatory authorities, stock exchanges and other competent departments amend the aforementioned reduction provisions at that time, Lexin Hong Kong will implement them in accordance with the provisions in force at that time. Lexin Hong Kong will strictly fulfill the above commitments and propose the following binding measures for failure to fulfill the commitments:

① If the above commitments are not fulfilled, the specific reasons for the failure to fulfill the commitments will be publicly explained at the company's general meeting of shareholders and the media designated by the China Securities Regulatory Commission, and an apology will be made to the company's shareholders and public investors.

② If the proceeds are obtained as a result of the failure to fulfill the above commitments, such proceeds shall belong to the Company, and the aforementioned proceeds shall be surrendered to the Company within 5 trading days after the proceeds are obtained.

③ If investors suffer losses in securities trading due to failure to fulfill the aforementioned relevant commitments, investors will be compensated for their losses in accordance with the law.

Whether the proposed reduction is consistent with previously disclosed commitments √ Yes □ No

Whether the (III) is a company that was not profitable at the time of listing, its controlling shareholders, actual controllers, directors, supervisors,

The situation of senior management's proposed reduction of pre-IPO shares □ Yes √ No

Other matters required by the (IV)

None

3. controlling shareholder or de facto controller reduces pre-IPO shares

Whether the controlling shareholder or the actual controller intends to reduce its shareholding before the initial public offering √ Yes □ No

The implementation of the shareholding reduction plan will not result in a change of control of the listed company, and the Company does not have any material negative matters or material risks that should be disclosed.

4. related risk tips

The risk of uncertainty in the implementation of the (I) reduction plan, such as the prerequisites for the implementation of the plan, restrictive conditions and.

Specific circumstances, etc. in which relevant conditions have been achieved or eliminated

During the reduction period, the company's shareholder Lexin Hong Kong will decide whether to implement this share reduction plan based on market conditions, the company's stock price and other specific circumstances. There are uncertainties in the time, quantity, and price of the reduction. The reduction plan will not have an impact on the corporate governance structure and continuing operations.

Whether the implementation of the (II) reduction plan may lead to the risk of a change in control of the listed company.

(III) other risk tips

This share reduction plan complies with the "Shanghai Stock Exchange Science and Technology Innovation Board Stock Listing Rules", "Several Provisions on Shareholding Reduction of Shareholders of Listed Companies, Directors, Supervisors, and Senior Managers", "Implementation Rules for Shareholding Reduction of Shareholders, Directors, Supervisors, and Senior Managers of Listed Companies" According to the relevant provisions of laws and regulations, departmental rules and regulatory documents, there is no situation where shares cannot be reduced. During the period of reducing the shares of the company in accordance with the above plan, the company and its shareholders will strictly abide by the relevant laws and regulations, and timely fulfill the obligation of follow-up information disclosure. Please pay attention to the investment risk of the majority of investors.

It is hereby announced.

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

March 28, 2023