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Exhibit 99.1 LexinFintech Holdings Ltd. Reports Third Quarter 2021 Unaudited Financial Results SHENZHEN , China , November 11 , 2021 ( GLOBE NEWSWIRE ) -- LexinFintech Holdings Ltd. ( “ Lexin " or the " Company " ) ( NASDAQ : LX ) , a leading online consumption and finance platform in China , today announced its unaudited financial results for the quarter ended September 30 , 2021 . “ The third quarter marks the beginning of the structural transformation of our core business . The team has been able to gradually bring down the loan pricing while keeping the take rate at a healthy level , ” said Mr. Jay Wenjie Xiao , Lexin's chairman and chief executive officer . " The results have demonstrated our ability in responding to changes and ensuring the resilience of our operations . " " Net profit rose over 68 % year over year in the third quarter as gross margin was improved by almost 20 percentage points , " said Ms. Sunny Rui Sun , Lexin's chief financial officer . “ Quality growth is a key focus . At the same time , we will continue to support the overall profitability by strengthening cost management and operational efficiency . " " We've been proactive in mitigating the pressure on asset quality coming from the changes in policy and macro environment . The 90 day + delinquency ratio¹stood unchanged at 1.85 % quarter on quarter , ” said Mr. Jayden Yang Qiao , Lexin's chief risk officer . “ We will continue to optimize our asset mix and are confident that the credit performance will stabilize and improve in the long term . " 1 90 day + delinquency ratio refers to outstanding principal balance of on- and off - balance sheet loans that were 90 to 179 calendar days past due as a percentage of the total outstanding principal balance of on- and off - balance sheet loans on our platform as of a specific date . On - balance sheet loans that were over 179 calendar days past due and charged off are not included in the delinquency rate calculation . Off - balance sheet loans that were over 179 calendar days past due are assumed charged off and not included in the delinquency rate calculation . The Company does not distinguish on the basis of the on- or off - balance sheet treatment in monitoring the credit risks of borrowers and the delinquency status of loans . Page 1 of 12