 XIAMEN, China, Aug. 24, 2021 PRNewswire -- Qudian Inc. Qudian or the Company or We NYSE: QD, a leading technology platform empowering the enhancement of the online consumer finance experience in China, today announced its unaudited financial results for the quarter ended June 30, 2021. Second Quarter 2021 Operational Highlights: Number of outstanding borrowers1 from loan book business as of June 30, 2021 decreased by 3.8 to 2.9 million from 3.0 million as of March 31, 2021, as a result of the Companys deployment of a conservative and prudent strategy Total outstanding loan balance from loan book business2 decreased by 13.8 to RMB3.5 billion as of June 30, 2021, compared to the outstanding balance as of March 31, 2021 Amount of transactions from loan book business for this quarter decreased by 12.1 to RMB3.9 billion from the first quarter of 2021; Amount of transactions serviced on open platform for this quarter decreased by 32.5 to RMB142.0 million from the first quarter of 2021 Weighted average loan tenure for our loan book business was 4.4 months for this quarter, compared with 4.5 months in the first quarter of 2021; Weighted average loan tenure for transactions serviced on open platform was 6.2 months for this quarter, compared with 6.7 months in the first quarter of 2021 1 Outstanding borrowers are borrowers who have outstanding loans from the Companys loan book business as of a particular date. 