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+ 360 SEU DIGITECH 360 DigiTech Announces Third Quarter 2021 Unaudited Financial Results and Declares Quarterly Dividend November 15 , 2021 SHANGHAI , China , Nov. 15 , 2021 ( GLOBE NEWSWIRE ) 360 DigiTech , Inc. ( QFIN ) ( " 360 DigiTech " or the “ Company " ) , a leading financial technology platform in China , today announced its unaudited financial results for the third quarter ended September 30 , 2021 . Third Quarter 2021 Business Highlights As of September 30 , 2021 , our digital platform has connected 115 financial institutional partners and 181.8 million consumers with potential credit needs , cumulatively , an increase of 16.5 % from 156.0 million a year ago . • Cumulative users with approved credit lines 2 was 36.5 million as of September 30 , 2021 , an increase of 24.6 % from 29.3 million as of September 30 , 2020 . • Cumulative borrowers with successful drawdown , including repeat borrowers was 23.3 million as of September 30 , 2021 , an increase of 24.6 % from 18.7 million as of September 30 , 2020 . * 4 • In the third quarter of 2021 , financial institutional partners originated 26,680,676 loans ³ , totaling RMB97,592 million * through our platform , an increase of 47.9 % from RMB66,000 million in the same period of 2020 . • Out of those loans originated by financial institutions , RMB55,476 million was under capital - light model and other technology solutions , representing 56.8 % of the total , an increase of 205.0 % from RMB18,189 million in the same period of 2020 . • Total outstanding balance 5 of the loans originated by financial institutional partners through our platform was RMB133,425 million as of September 30 , 2021 , an increase of 58.4 % from RMB84,214 million as of September 30 , 2020 . • RMB72,435 million of such loan balance was under capital - light model and other technology solutions , an increase of 213.6 % from RMB23,095 million as of September 30 , 2020 . • Financial institutions granted approximately RMB8.0 billion credit lines to small and micro - sized enterprises owners ( SME Owners ) * 6 through our platform in the third quarter of 2021 , an increase of 12.7 % from approximately RMB7.1 billion in the prior quarter . • The weighted average contractual tenor of loans originated by financial institutions across our platform in the third quarter of 2021 was approximately 11.21 months , compared with 9.72 months in the same period of 2020 . • 90 day + delinquency ratio * 7 of loans originated by financial institutions across our platform was 1.17 % as of September 30 , 2021 . • Repeat borrower contribution was 89.2 % . * 8 of loans originated by financial institutions across our platform for the third 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 11,726,713 loans across " V - pocket " , and 14,953,953 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 SME Owners 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 . Third Quarter 2021 Financial Highlights