Exhibit 99.2
FinVolution Group (Formerly PPDAI Group Inc) Announces Result of 2019 Annual General Meeting and the Change of Ticker Symbol
SHANGHAI, November 19, 2019 /PRNewswire/ — FinVolution Group formerly known as PPDAI Group Inc (“FinVolution,” or the “Company”) (NYSE: PPDF), a leading online consumer finance marketplace in China, today announced that, at its 2019 annual general meeting of shareholders held on 5th November, shareholders of the Company adopted the following resolution as a special resolution proposed by the Company that the name of the Company be changed from “PPDAI Group Inc.” to “FinVolution Group” and that “信也科技” be adopted as the dual foreign name of the Company.
In addition, the Company will change its ticker symbol on the New York Stock Exchange from “PPDF” to “FINV,” effective at the start of trading on November 29, 2019. No action is needed from current shareholders and holders of American depositary shares (“ADSs)” in relation to the ticker symbol change.
In connection with the name change and ticker symbol change, the CUSIP for the Company’s American depositary shares has been changed from 69354V108 to 31810T101.
“We are excited to align our corporate name with our mission-To leverage innovative technology to make financial services better. FinVolution is a newly created word referring to a finance revolution, which provides better visibility and insights into our mission with shareholders and across all our stakeholders,” said Mr. Jun Zhang, Chairman andCo-Chief Executive Officer of the Company. “As a leader in the technology-driven consumer finance space, we will maintain focused on our strategy and deliver shareholder value by expanding our core business, enhancing our brand recognition and continuing to invest in technology.”
About FinVolution Group
FinVolution is a leading online consumer finance platform in China connecting underserved individual borrowers with financial institutions. Established in 2007, the Company is a pioneer in China’s online consumer finance industry and has developed innovative technologies and has accumulatedin-depth experience in the core areas of credit risk assessment, fraud detection, big data and artificial intelligence. The Company’s platform, empowered by proprietary cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience. As of September 30, 2019, the Company had over 102 million cumulative registered users.