STOCK TITAN

Qudian Inc. Announces Change to Board of Directors

On September 23, 2020, Qudian Inc. (NYSE: QD) announced the resignation of Mr. Rocky Ta-Chen Lee from its board of directors for personal reasons.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Tags
management

Rhea-AI Summary

On September 23, 2020, Qudian Inc. (NYSE: QD) announced the resignation of Mr. Rocky Ta-Chen Lee from its board of directors for personal reasons. His resignation took effect immediately. Qudian expressed gratitude for Mr. Lee's contributions during his tenure. As a leading technology platform in China, Qudian aims to enhance the online consumer finance experience by providing personalized credit solutions to underserved mobile-active consumers, enabling them to access affordable loans through regulated financial institutions.

Loading...
Loading translation...

Positive

  • Strengthened leadership with the opportunity for new perspectives following board changes.

Negative

  • Mr. Lee's departure may raise concerns about continuity and experience within the board.
Argus Session date unavailable
-6.72% session move Open Argus
Details

News Market Reaction – QD

The recorded move for QD in the trading session of this news was -6.72%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

XIAMEN, China, Sept. 23, 2020 /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 that Mr. Rocky Ta-Chen Lee has tendered his resignation as a director of the Company's board of directors for personal reasons. Mr. Lee's resignation was effective as of September 23, 2020. The Company would like to express its gratitude for services provided by Mr. Lee.

About Qudian Inc.

Qudian Inc. ("Qudian") is a leading technology platform empowering the enhancement of online consumer finance experience in China. The Company's mission is to use technology to make personalized credit accessible to hundreds of millions of young, mobile-active consumers in China who need access to small credit for their discretionary spending but are underserved by traditional financial institutions due to lack of traditional credit data or high cost of servicing. Qudian's credit solutions enable licensed, regulated financial institutions and ecosystem partners to offer affordable and customized loans to this young generation of consumers.

For more information, please visit http://ir.qudian.com.

For investor and media inquiries, please contact:

Qudian Inc.
Tel: +86-592-591-1711
E-mail: ir@qudian.com 

The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: qudian@tpg-ir.com

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: qudian@tpg-ir.com

Cision View original content:http://www.prnewswire.com/news-releases/qudian-inc-announces-change-to-board-of-directors-301136688.html

SOURCE Qudian Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was the reason for Mr. Lee's resignation from Qudian's board?

Mr. Lee resigned for personal reasons.

When did Mr. Lee's resignation take effect?

His resignation was effective as of September 23, 2020.

What impact does Mr. Lee's resignation have on Qudian Inc.?

The resignation may lead to concerns regarding continuity and experience on the board.

What is Qudian's primary business focus?

Qudian focuses on enhancing online consumer finance and providing credit solutions in China.

Keep reading