Jiayin Group (JFIN) Announces At-the-Market Offering of Class A Ordinary Shares Represented by American Depositary Shares

June 10, 2021 5:16 PM EDT

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Jiayin Group Inc. (“Jiayin” or the “Company”) (NASDAQ: JFIN), a leading fintech platform in China, announced today that it has filed a prospectus supplement with the U.S. Securities and Exchange Commission (“SEC”), under which it may offer and sell an aggregate of up to US$30 million of its Class A ordinary shares, $0.000000005 par value per share, which may be represented by American Depositary Shares (“ADSs”), each of which represents four Class A ordinary shares, from time to time through an at-the-market equity offering program (“ATM Offering”).

The Company intends to use the net proceeds from the ATM Offering to continuously grow its business in both overseas and the mainland China markets, including conducting strategic acquisitions to strengthen our technologies, particularly big data analytics and risk management capabilities. The Company may also use a portion of the net proceeds for other general corporate purposes. The Company is not obligated to sell any ADSs under the ATM Offering. The timing of any sales will depend on a variety of factors to be determined by Jiayin.

The ADSs will be offered and sold through Roth Capital Partners, LLC as sales agent. Sales may be made at market prices prevailing at the time of the sale, at prices related to prevailing market prices or at negotiated prices. As a result, sales prices may vary. The ATM Offering shall be carried out by means of ordinary broker transactions, in negotiated arrangements at market prices or as otherwise agreed with the sales agent.

The ADSs will be offered under the Company’s shelf registration statement on Form F-3, which was filed on May 7, 2021 and became effective on May 26, 2021. Prospective investors should read the prospectus, the prospectus supplement and other documents the Company has filed with the SEC (some of which are incorporated by reference into the prospectus and prospectus supplement) for more complete information about the Company and the ATM Offering. Copies of the prospectus supplement and accompanying prospectus relating to the ATM Offering may be obtained without charge by visiting the SEC's website at www.sec.gov or by contacting Roth Capital Partners, LLC at 888 San Clemente Newport Beach, CA 92660, by email: RothECM@roth.com.

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