Jiayin Group (JFIN) Registration Filing summary

Company overview and business model

• Operates a leading fintech platform in China, connecting underserved individual borrowers with financial institutions through a secure, data-driven online platform.

• Utilizes advanced big data analytics and proprietary risk assessment models to evaluate borrower risk profiles and facilitate access to credit.

• Structured as a Cayman Islands holding company, with operations in China conducted via PRC subsidiaries and contractual arrangements with a consolidated VIE (Shanghai Jiayin Technology Co., Ltd.).

Financial performance and metrics

• The consolidated VIE reported accumulated deficits of RMB1,130 million, RMB965 million, and RMB636 million (US$89.6 million) as of December 31, 2021, 2022, and 2023, respectively.

• Parent company received cash dividends from PRC subsidiaries of RMB157.7 million (US$22.2 million) in 2023; no dividends in 2021 or 2022.

Use of proceeds and capital allocation

• Net proceeds from the sale of registered securities will be used as set forth in the applicable prospectus supplement.