Weidai Ltd. (NYSE: WEI) (“Weidai” or the “Company”) is the largest auto-backed financing solution provider in China in terms of loan volume. The Company’s platform connects borrowers, the majority of which are small and micro enterprise owners, with both online investors and institutional funding partners. Weidai is dedicated to providing small and micro enterprise owners with accessible credit and was the first in China to introduce auto-backed financing products. Weidai maintains a sophisticated and effective risk management system spanning across its entire transaction process, from borrower acquisition to loan collection. The Company’s extensive offline network, seamlessly integrated with its centralized technology platform and risk management system, has enabled a fast and highly automated transaction process. Weidai believes its products and services create exceptional value for both borrowers and investors.