Weidai Ltd. will hold its annual general meeting on December 15, 2021

HANGZHOU, China, November 18, 2021 / PRNewswire / – Weidai Ltd. (“Weidai” or the “Company”) (NYSE: WEI), a leading provider of financing solutions China, today announced that it will hold its annual general meeting of shareholders at Hongxin Science and Technology Park, No.668, Jianshe Third Road, Xiaoshan District, Hangzhou, Zhejiang province, the People’s Republic of China to December 15, 2021 To 11:00 (local hour).

No proposal will be submitted to shareholders for approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders to discuss the business of the Company with management.

The Board of Directors of the Company has fixed the closing of offices on November 19, 2021 as the registration date to determine the shareholders entitled to receive notice of the annual general meeting or of any adjournment or postponement thereof.

Holders of record of Common Shares of the Company at the close of business on the Record Date will be entitled to attend in person the Annual General Meeting and any adjournment or postponement thereof.

Notice of the annual general meeting is available on the Company’s website at http://weidai.investorroom.com/. The Company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the United States Securities and Exchange Commission (the “SEC”) on April 8, 2021, Eastern Time in the United States. The annual report can be viewed on the SEC’s website at www.sec.gov. The Company will also provide a hard copy of its annual report containing its audited consolidated financial statements, free of charge, to its shareholders and holders of US custodian shares upon request.

About Weidai Ltd.

Weidai Ltd. is a pioneer and a leading provider of automatic financing solutions in the China supported by a sophisticated and effective risk management system and technology. The Company transforms used automobiles, a “non-standard” type of collateral, into investable assets, in order to provide accessible credit for from China small and micro-enterprises, and connects borrowers with institutional financing partners through its platform.

For more information, please visit http://weidai.investorroom.com/.

Safe Harbor Declaration

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the terminology such as “will”, “expects”, “anticipates”, “the future”, “intention”, “plans”, “believes”, “estimates”, “the” goal “,” confident ”and similar statements. Weidai may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. . Statements that are not historical facts, including statements about Weidai’s beliefs and expectations, are forward-looking statements. These statements are based on current management expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict. and many of which are beyond the control of the Company. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in such statements. Potential risks and uncertainties include, but are not limited to, the following: Weidai’s objective and strategies; Weidai’s expansion plans; Weidai’s future business development, financial condition and results of operations; Weidai’s expectations regarding demand and market acceptance of its solutions and services; Weidai’s expectations regarding maintaining and strengthening its relationships with borrowers, investors and financial institutions and other platform participants; general economic and commercial conditions; Weidai’s assumptions underlying or related to any of the aforementioned government regulations and policies relating to the online consumer credit industry in China; and Weidai’s ability to meet the standards necessary to maintain the listing of its ADSs on the NYSE, including its ability to remedy any non-compliance with the criteria for maintaining the NYSE listing; litigation and negative advertising environment China– companies based in the United States; and the duration of the COVID-19 outbreak, including the emergence of COVID-19 variants, and its potential impact on the Company’s business and financial performance. Further information regarding these and other risks, uncertainties or factors is included in the documents filed by the Company with the United States Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Weidai assumes no obligation to update any forward-looking statements as a result of new information, future events or otherwise, unless the applicable law requires it.

For investor and media inquiries, please contact:

In China:

Mr. René Vanguestaine
Phone. : + 86-10-5900-1548
Email: [email protected]

In U.S:

M / s. Linda bergkamp
Phone. : + 1-480-614-3004
Email: [email protected]


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SOURCE Weidai Ltd.

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