HANGZHOU, China, April 23, 2022 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE:WEI), an auto-backed financing solution provider in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission (the "SEC") on April 22, 2022 U.S. Eastern Time. The annual report on Form 20-F, which contains the Company's audited consolidated financial statements, can be accessed on the SEC's website at http://www.sec.gov and on the Company's investor relations website at http://weidai.investorroom.com/. About Weidai Ltd.Weidai Ltd. is an auto-backed financing solution provider in China supported by s

HANGZHOU, China, April 11, 2022 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE:WEI), a leading auto-backed financing solution provider in China, today announced its financial results for the year ended December 31, 2021, which have not been audited or reviewed by the Company's independent registered accounting firm. Full Year 2021 Operational Results Loan balanceTotal loan balance as of December 31, 2021 was RMB853.0 million (US$133.9 million). Full Year 2021 Financial Results Net revenues in 2021 were RMB707.5 million (US$111.0 million). Among net revenues, loan service fee was RMB698.8 million (US$109.7 million), other revenues were RMB10.2 million (US$1.6 million) and n

HANGZHOU, China, April 4, 2022 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE:WEI), a leading auto-backed financing solution provider in China, is issuing this press release in light of the unusual trading activity related to the American depositary shares (the "ADSs") of the Company on the New York Stock Exchange (the "NYSE") on April 1, 2022. Normally, Weidai does not comment on market activity or rumors. However, Weidai confirms that it is not aware of any undisclosed material change or development in its business and operations or rumors in the market that would account for the recent increase in trading activity, and related increase in trading price, of its ADSs on the

HANGZHOU, China, March 28, 2022 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE:WEI), a leading auto-backed financing solution provider in China, today announced its preliminary results of revenue, loss from operations and net loss for the full year 2021. Preliminary, unaudited revenue of full year 2021 is expected to be in the range of RMB698 million to RMB708 million. Preliminary, unaudited loss from operations of full year 2021 is expected to be in the range of RMB744 million to RMB754 million. Preliminary, unaudited net loss of full year 2021 is expected to be in the range of RMB1,144 million to RMB1,154 million. Preliminary, unaudited cash and cash equivalents of full year

HANGZHOU, China, March 1, 2022 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE:WEI), a leading auto-backed financing solution provider in China, today announced that it has regained compliance with the New York Stock Exchange (the "NYSE")'s continued listing standard for share prices, after it received a letter from the NYSE dated August 31, 2021. On August 31, 2021, the Company received a NYSE letter notifying that Weidai had fallen below the NYSE's price criteria for continued listing standard of a minimum American depositary shares (the "ADSs") price of $1.00 over a consecutive 30 trading-day period. In order to regain compliance with the minimum share price requirement, th

HANGZHOU, China, Jan. 25, 2022 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE:WEI), a leading auto-backed financing solution provider in China, today announced that it will change the ratio of its American depositary shares ("ADSs") representing its Class A ordinary shares from one (1) ADS representing one (1) Class A ordinary share to one (1) ADS representing five (5) Class A ordinary shares. The effect of the ratio change on the ADS trading price on the New York Stock Exchange (the "NYSE") will take place at the open of trading on January 26, 2022 (U.S. Eastern Time). This change supersedes the original plan of three-to-one ADS ratio change as disclosed in the press release

HANGZHOU, China, Jan. 13, 2022 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE:WEI), a leading auto-backed financing solution provider in China, today announced that it will change the ratio of its American depositary shares ("ADSs") representing its Class A ordinary shares from one (1) ADS representing one (1) Class A ordinary share to one (1) ADS representing three (3) Class A ordinary shares. For Weidai's ADS holders, the change in the ADS ratio will have the same effect as a one-for-three reverse ADS split. There will be no change to the Company's Class A ordinary shares. The effect of the ratio change on the ADS trading price on the New York Stock Exchange (the "NYSE") is

HANGZHOU, China, Nov. 18, 2021 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE:WEI), a leading auto-backed financing solution provider in China, today announced that it will hold its annual general meeting of shareholders at Hongxin Science and Technology Park, No.668, Jianshe Third Road, Xiaoshan District, Hangzhou, Zhejiang Province, the People's Republic of China on December 15, 2021 at 11:00 a.m. (local time). No proposals will be submitted for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders to discuss the Company's affairs with management. The Board of Directors of the Company has fixed t

HANGZHOU, China, Sept. 24, 2021 /PRNewswire/ -- Weidai Ltd. (the "Company" or "Weidai") (NYSE:WEI), a leading auto-backed financing solution provider in China, today announced that it has received a letter from the New York Stock Exchange (the "NYSE") dated August 31, 2021, notifying Weidai that it is below compliance standards due to the trading price of its American Depositary Shares (the "ADSs"). Pursuant to NYSE rule 802.01C, a company will be considered to be below compliance standards if the average closing price of a security as reported on the consolidated tape is less than US$1.00 over a consecutive 30 trading-day period. Once notified, the company must bring its share price and av

HANGZHOU, China, Aug. 27, 2021 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE:WEI), a leading auto-backed financing solution provider in China, today announced its financial results for the six months ended June 30, 2021, which have not been audited or reviewed by the Company's independent registered accounting firm. Six Months Ended June 30, 2021 Operational Highlights Loan balance Total loan balance as of June 30, 2021 was RMB2.3 billion (US$0.4 billion). Six Months Ended June 30, 2021 Financial Results Net revenues in the six months ended June 30, 2021 was RMB535.9 million (US$83.0 million). Among net revenues, loan service fees were RMB531.0 million (US$82.2 million),

HANGZHOU, China, April 11, 2022 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE:WEI), a leading auto-backed financing solution provider in China, today announced its financial results for the year ended December 31, 2021, which have not been audited or reviewed by the Company's independent registered accounting firm. Full Year 2021 Operational Results Loan balanceTotal loan balance as of December 31, 2021 was RMB853.0 million (US$133.9 million). Full Year 2021 Financial Results Net revenues in 2021 were RMB707.5 million (US$111.0 million). Among net revenues, loan service fee was RMB698.8 million (US$109.7 million), other revenues were RMB10.2 million (US$1.6 million) and n

HANGZHOU, China, Aug. 27, 2021 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE:WEI), a leading auto-backed financing solution provider in China, today announced its financial results for the six months ended June 30, 2021, which have not been audited or reviewed by the Company's independent registered accounting firm. Six Months Ended June 30, 2021 Operational Highlights Loan balance Total loan balance as of June 30, 2021 was RMB2.3 billion (US$0.4 billion). Six Months Ended June 30, 2021 Financial Results Net revenues in the six months ended June 30, 2021 was RMB535.9 million (US$83.0 million). Among net revenues, loan service fees were RMB531.0 million (US$82.2 million),

HANGZHOU, China, March 19, 2021 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, today announced its financial results for the year ended December 31, 2020, which have not been audited or reviewed by the Company's independent registered accounting firm. Full Year 2020 Operational Results Loan balance Total loan balance as of December 31, 2020 was RMB4.5 billion (US$0.7 billion). Full Year 2020 Financial Results Net revenues in 2020 were RMB1,536.1 million (US$235.4 million). Among net revenues, loan service fee was RMB1,411.1 million (US$216.3 million), other revenues were RMB97.8 million (US$15.0 million) and

SC 13G - Weidai Ltd. (0001734902) (Subject)