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Exhibit 99.1 LexinFintech Holdings Ltd. Reports First Quarter 2021 Unaudited Financial Results SHENZHEN , China , June 1 , 2021 ( GLOBE NEWSWIRE ) LexinFintech Holdings Ltd. ( “ Lexin ” or the " Company " ) ( NASDAQ : LX ) , a leading online consumption and finance platform for new generation consumers and users in China , today announced its unaudited financial results for the quarter ended March 31 , 2021 . " We are happy to announce a quarter where we achieved our highest adjusted net income ever in our history , " said Mr. Jay Wenjie Xiao , Lexin's chairman and chief executive officer . “ This record quarter was driven by our larger and growing user base , the rapid growth of our loan originations , and the continued improvement of our asset quality due to the implementation of our New Consumption Strategy and the continuous refinement of our risk management efforts . We are confident in our ability to achieve the loan originations target of between RMB240 billion and RMB250 billion for 2021 as we expect the positive trajectory in both loan growth and asset quality to continue for the rest of the year . " " We accelerated the push of our New Consumption Strategy in the first quarter , and have received positive preliminary results . A total of 78.6 million orders were generated across our various products in the first quarter of 2021 , representing an increase of 53.2 % year - on - year , ” continued Mr. Xiao . “ Maiya , in particular , helps merchants to improve their operations as a marketing tool , and we expect this new product to facilitate a GMV of RMB300 million in the second quarter , establishing itself as a new source of growth for Lexin . " “ In the meantime , we have also further diversified our fintech business by entering new areas of growth . We have expanded our financing services for small and micro business owners , which completed loan originations of RMB2.1 billion in the first quarter . Fifteen percent of our current users may have potential need of such small and micro business financing based on our research and we will step up efforts to tap the potential of this sector in the future . In addition , we expanded a ‘ joint - operation service ' in May for regional banks , by which Lexin will provide a suite of technological services to help regional banks develop their own product offerings , leveraging our financial technology , operational , and product capabilities accumulated over the past seven years . These new initiatives will enable Lexin to unlock greater growth potential with a more diversified business model . " " We are very proud to announce our best quarter ever , and in particular our highest adjusted net income ever , ” said Mr. Craig Yan Zeng , Lexin's chief financial officer , “ In addition to our highest loan originations and other all - time highs , all our operations continue to perform strongly , and we were able to achieve this quarter's strong results due to our increasingly strong and stable credit performance . As highlighted back in January , the recovery and stabilization of our asset quality has already occurred , and we expect this trend to continue . " “ Our credit performance and credit quality continues to improve for new loan originations and is within our expectations , " said Mr. Yang Qiao , Lexin's vice president , “ Our vintage charge - off rates¹ is now between 3.5 and 4.0 % , and our 90 day + delinquency rate was 1.84 % as of March , 2021. In addition , as you can see from the graphs disclosed with our latest earnings release , our first payment default rate ( 30 day + ) ² for new loan originations have been at well under 1 % and continues to decrease . Through continuous improvements and refinements of our risk management systems and our portfolio management systems , we have developed more accurate and differentiated strategies to manage overdue borrowers while enhancing collection rates³ through high efficiency and intelligent tools , as well as more refined business management policies , enabling us to keep our overall collection rates high , improve efficiency , and reduce expected delinquency rates . As a result , we expect our credit performance to continue to be stable in the future . " 1 2 Vintage charge - off rate refers to , with respect to on- and off - balance sheet loans originated during a specified time period , which we refer to as a vintage , the total outstanding principal balance of the loans that are charged off during a specified period , divided by the total initial principal of the loans originated in such vintage . Please refer to vintage curve at the end of " First Quarter 2021 Financial Results " of this press release . Loan balance with first payment day past due 30+ over total loan origination . Page 1 of 14