 XIAMEN, China, June 15, 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 ended March 31, 2021. First Quarter 2021 Operational Highlights: Number of outstanding borrowers1 from loan book business as of March 31, 2021 decreased by 8.0 to 3.0 million from 3.2 million as of December 31, 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 15.1 to RMB4.1 billion as of March 31, 2021, compared to the outstanding balance as of December 31, 2020 Amount of transactions from loan book business for this quarter decreased by 8.4 to RMB4.4 billion from the fourth quarter of 2020; Amount of transactions serviced on open platform for this quarter decreased by 15.2 to RMB210.4 million from the fourth quarter of 2020 Weighted average loan tenure for our loan book business was 4.5 months for this quarter, compared with 4.5 months for the fourth quarter of 2020; Weighted average loan tenure for transactions serviced on open platform was 6.7 months for this quarter, compared with 6.4 months for the fourth quarter of 2020 1 Outstanding borrowers are borrowers who have outstanding loans from the Companys loan book business as of a particular date. 