 XIAMEN, China, March 29, 2021 PRNewswire -- Qudian Inc. Qudian or the Company or We NYSE: QD, a leading technology platform empowering the enhancement of online consumer finance experience in China, today announced its unaudited financial results for the quarter and full year ended December 31, 2020. Fourth Quarter 2020 Operational Highlights: Number of outstanding borrowers1 from loan book business and transaction services business as of December 31, 2020 decreased by 14.7 to 3.5 million from 4.1 million as of September 30, 2020 as a result of the conservative and prudent strategy which the Company has deployed Total outstanding loan balance from loan book business2 decreased by 24.8 to RMB4.8 billion as of December 31, 2020, compared to the outstanding balance as of September 30, 2020; Total outstanding loan balance from transactions serviced on open platform decreased by 25.7 to RMB5.1 billion as of December 31, 2020, compared to the outstanding balance as of September 30, 2020 Amount of transactions from loan book business for this quarter decreased by 2.3 to RMB4.8 billion from the third quarter of 2020; Amount of transactions serviced on open platform for this quarter decreased by 50.2 to RMB248.0 million from the third quarter of 2020 Weighted average loan tenure for our loan book business was 4.5 months for this quarter, compared with 4.6 months for the third quarter of 2020; Weighted average loan tenure for transactions serviced on open platform was 6.4 months for this quarter, compared with 6.8 months for the third quarter of 2020 1 Outstanding borrowers are borrowers who have outstanding loans as of a particular date, including outstanding borrowers from both loan book business and transaction services business. 