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China Rapid Finance to Announce First Quarter 2017 Financial Results on May 25, 2017

2017-05-17 20:00
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SHANGHAI, May 17, 2017 /PRNewswire/ -- China Rapid Finance Limited ("China Rapid Finance") (NYSE:XRF), a leading online consumer lending marketplace in China, today announced that it plans to release its first quarter 2017 financial results on Thursday, May 25, 2017 before market open. China Rapid Finance will hold a conference call on Thursday, May 25, 2017 at 8:00 am Eastern Time or 8:00 pm Beijing Time to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:                    

+1-412-902-4272

United States Toll Free:    

+1-888-346-8982

China Toll Free:                

4001-201203

Hong Kong Toll Free:      

800-905945

Conference ID:                

China Rapid Finance call

The replay will be accessible through June 1, 2017 by dialing the following numbers:

United States:                   

+1-877-344-7529 

International:                    

+1-412-317-0088

Replay Access Code:      

10107730

A live and archived webcast of the conference call will also be available at the China Rapid Finance's investor relations website at http://chinarapidfinance.investorroom.com/

About China Rapid Finance

China Rapid Finance operates one of China's largest consumer lending marketplaces in terms of total number of loans, having facilitated approximately 15 million loans to approximately 2 million borrowers at significantly lower borrowing costs than many of its competitors. According to the People's Bank of China, as of the end of 2015, there are approximately 500 million individuals with quality employment records but no credit history. The company refers to these individuals, who regularly use mobile devices, as EMMAs (Emerging Middle-class, Mobile Active consumers). China Rapid Finance believes EMMAs constitute one of the largest untapped consumer credit market opportunities in the world. The company acquires quality borrowers through multiple channels, and has been able to establish a leadership position in China's consumer lending industry because the company is able to use its proprietary technology to efficiently identify and select prime and near-prime EMMAs for its platform. Through its "low and grow" strategy, the company initially offers smaller, shorter-term loans to these EMMAs and then uses its proprietary decisioning technology to proactively offer them larger, longer-term loans as they demonstrate positive credit behavior, allowing the company to retain high quality EMMAs with significant lifetime consumer value.

Investor Relations:

China Rapid Finance Limited
Sean Zhang
Tel: +1 (646) 308-1635
Email: IR@crfchina.com

ICR, Inc.
Xueli Song
Tel: +1 (646) 308-1635
Email: IR@crfchina.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-rapid-finance-to-announce-first-quarter-2017-financial-results-on-may-25-2017-300459172.html

Source: China Rapid Finance

Related stocks: NYSE:XRF

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