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+ 360 SEU DIGITECH 360 DigiTech Announces First Quarter 2021 Unaudited Financial Results May 27 , 2021 SHANGHAI , May 27 , 2021 ( GLOBE NEWSWIRE ) 360 DigiTech , Inc. ( QFIN ) ( " 360 DigiTech " or the " Company " ) , a data driven , technology empowered digital platform , today announced its unaudited financial results for the first quarter ended March 31 , 2021 . First Quarter 2021 Business Highlights • As of March 31 , 2021 , our digital platform has connected 105 financial institutional partners and 169.1 million consumers with potential credit needs , cumulatively , an increase of 19.4 % from 141.6 million a year ago . • Users with approved credit lines * 2 was 32.7 million as of March 31 , 2021 , an increase of 25.1 % from 26.1 million as of March 31 , 2020 . • Cumulative borrowers with successful drawdown , including repeat borrowers was 21.0 million as of March 31 , 2021 , an increase of 24.9 % from 16.8 million as of March 31 , 2020 . • As of March 31 , 2021 , we had cooperated with 17 leading internet traffic platforms under the embedded finance ( API ) model , reaching 5.3 million potential customers cumulatively . • In the first quarter of 2021 , financial institutional partners originated 23,347,135 loans 3 , totaling RMB74,149 million 4 , an increase of 40.4 % from RMB52,807 million in the same period of 2020 . • Out of those loans originated by financial institutions , RMB37,245 million was under capital - light model and other technology solutions , representing 50.2 % of the total , an increase of 211.9 % from RMB11,941 million in the same period of 2020 . • Financial institutional partners retained total outstanding loan balance of RMB101,920 million as of March 31 , 2021 , an increase of 37.5 % from RMB74,125 million as of March 31 , 2020 . * 1 ● • RMB42,775 million of such loan balance was under capital - light model and other technology solutions , an increase of 159.0 % from RMB16,515 million as of March 31 , 2020 . • Financial institutions granted approximately RMB5.8 billion credit lines to small and micro - sized enterprises ( SMEs ) * 6 through our platform in the first quarter of 2021 , an increase of 67 % from approximately RMB3.5 billion in the prior quarter . • The weighted average contractual tenor of loans originated by financial institutions across our platform in the first quarter of 2021 was approximately 10.17 months , compared with 8.96 months in the same period of 2020 , and 10.41 months in the fourth quarter of 2020 . • 90 day + delinquency ratio * 7 of loans originated by financial institutions across our platform was 1.29 % as of March 31 , 2021 . Repeat borrower contribution was 87.1 % . * 8 of loans originated by financial institutions across our platform for the first quarter of 2021 1 Refers to cumulative registered users across our platform . 2 " Users with approved credit lines " refers to the total number of users who had submitted their credit applications and were approved with a credit line by the Company at the end of each period . 3 Including 11,313,267 loans across " V - pocket " , and 12,033,868 loans across other products . 4 Refers to the total principal amount of loans facilitated and originated during the given period , including loans volume facilitated through Intelligence Credit Engine ( " ICE " ) and other technology solutions . " ICE " is an open platform on our " 360 Jietiao " APP , we match borrowers and financial institutions through big data and cloud computing technology on " ICE " , and provide pre - loan investigation report of borrowers . For loans facilitated through " ICE " , the Company do not provide post - loan risk management nor bear principal risk . 5 " Total outstanding loan balance " refers to the total amount of principal outstanding for loans facilitated and originated at the end of each period , including loan balance for " ICE " and other technology solutions , excluding loans delinquent for more than 180 days . 6 SME loans are Loans issued to SMEs with e - commerce operations , with business sales receipt , and / or with business taxation record . 7 " 90 day + delinquency ratio " refers to the 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 across our platform as of a specific date . Loans that are charged - off and loans under " ICE " and other technology solutions are not included in the delinquency rate calculation . 8 " Repeat borrower contribution " for a given period refers to ( i ) the principal amount of loans borrowed during that period by borrowers who had historically made at least one successful drawdown , divided by ( ii ) the total loan facilitation and origination volume through our platform during that period . First Quarter 2021 Financial Highlights