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Citi Appointed Depositary Bank for Hexindai Inc.’s Sponsored ADR Program

V.ZZE.H | November 15, 2017

Citi Appointed Depositary Bank for Hexindai Inc.’s Sponsored ADR Program

Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by Hexindai Inc. (“Hexindai”), a consumer lending marketplace based in Beijing that facilitates loans to meet the increasing demand of the emerging middle class in China, as the depositary bank for its American Depositary Receipt (ADR) program.

Hexindai’s program was established through an initial public offering of its American Depositary Shares (ADSs), priced at $10 per ADS, which raised approximately $50 million. The ADSs are listed on the Nasdaq Global Market under the symbol “HX.” Each ADS represents one ordinary share of Hexindai. As a single-listed ADR program, the underlying ordinary shares are not listed or publicly traded in the issuer’s home market.

“We look forward to supporting Hexindai and its ADR program,” said Dirk Jones, Head of Global Issuer Services at Citi. “With Citi’s global presence and investor relations expertise, we are confident our powerful platform will help to facilitate the success of Hexindai’s program.”

Citi is a leading provider of depositary receipt services. With depositary receipt programs in 61 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.

For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr.

Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.