<SEC-DOCUMENT>0001564590-18-013688.txt : 20180516
<SEC-HEADER>0001564590-18-013688.hdr.sgml : 20180516
<ACCEPTANCE-DATETIME>20180516060802
ACCESSION NUMBER:		0001564590-18-013688
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20180516
FILED AS OF DATE:		20180516
DATE AS OF CHANGE:		20180516

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PPDAI Group Inc.
		CENTRAL INDEX KEY:			0001691445
		STANDARD INDUSTRIAL CLASSIFICATION:	LOAN BROKERS [6163]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38269
		FILM NUMBER:		18838731

	BUSINESS ADDRESS:	
		STREET 1:		BUILDING 1, NO. 356 GUOSHOUJING ROAD
		STREET 2:		PUDONG NEW DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			201203
		BUSINESS PHONE:		86 21 3118 6888

	MAIL ADDRESS:	
		STREET 1:		BUILDING 1, NO. 356 GUOSHOUJING ROAD
		STREET 2:		PUDONG NEW DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			201203
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ppdf-6k_20180515.htm
<DESCRIPTION>6-K
<TEXT>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="OLE_LINK3"></a><a name="OLE_LINK4"></a>UNITED STATES</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SECURITIES AND EXCHANGE COMMISSION</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WASHINGTON, D.C. 20549</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:16pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">FORM 6-K</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">REPORT OF FOREIGN PRIVATE ISSUER</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">THE SECURITIES EXCHANGE ACT OF 1934</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the month of May 2018</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">--------------</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Commission File Number: 001-38269</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">----------</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:16pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PPDAI Group Inc.</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Building G1, No. 999 Dangui Road </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pudong New District, Shanghai 201203 </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The People&#8217;s Republic of China </p>
<p style="text-align:center;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(Address of principal executive offices)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Form 20-F&nbsp;&nbsp;&nbsp;&nbsp; <font style="text-decoration:underline;">  &nbsp;&nbsp; &nbsp;&nbsp;X   &nbsp;&nbsp; &nbsp;&nbsp;</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form 40-F&nbsp;&nbsp;&nbsp;&nbsp; _________</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):________________</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):________________</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SIGNATURES</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.69%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:46.15%;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:55.77%;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">PPDAI Group Inc.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
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<p style="border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/Simon Tak Leung Ho&nbsp;&nbsp; </p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name:</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Simon Tak Leung Ho</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Title:</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;text-align:left;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chief Financial Officer</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date: May 16, 2018</p>
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<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a><font style="text-decoration:underline;">Exhibit Index</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a href="ppdf-ex991_22.htm"><font style="text-decoration:underline;">Exhibit 99.1&#8212;Press Release</font></a> </p>
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ppdf-ex991_22.htm
<DESCRIPTION>EX-99.1
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
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<p style="text-align:right;margin-bottom:5pt;margin-top:5pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 99.1</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">PPDAI Group Inc. Reports First Quarter 2018 Unaudited Financial Results</p>
<p style="text-align:justify;margin-bottom:5pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SHANGHAI, May 15, 2018 /PRNewswire/ &#8211; PPDAI Group Inc. (&#8220;PPDAI,&#8221; &#8220;Paipaidai,&#8221; or the &#8220;Company&#8221;) (NYSE: PPDF), a leading online consumer finance marketplace in China, today announced its unaudited financial results for the first quarter ended March 31, 2018.</p>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p></td>
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<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">As of</p></td>
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:137.05pt;;text-indent:-137.05pt;;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p></td>
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<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">March 31, 2017</p></td>
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<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">December 31, 2017</p></td>
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<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">March 31, 2018</p></td>
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<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:40.06%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:-4.55pt;;text-indent:4.5pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cumulative registered users<sup style="font-size:85%; vertical-align:top">1</sup><sup style="font-size:85%; vertical-align:top"></sup><sup style="font-size:85%; vertical-align:top"> </sup>(&#8217;000)<sup style="font-size:85%; vertical-align:top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</sup></p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.72%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:4.12%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">40,027</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:20.66%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:5.76%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">65,409</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.56%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:4.12%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">71,424</p></td>
</tr>
<tr style="height:18pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:40.06%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:-4.55pt;;text-indent:4.5pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cumulative number of borrowers<sup style="font-size:85%; vertical-align:top">2</sup><sup style="font-size:85%; vertical-align:top"></sup><sup style="font-size:85%; vertical-align:top"> </sup>(&#8217;000)<sup style="font-size:85%; vertical-align:top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </sup></p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.72%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:4.12%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5,066</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:20.66%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:5.76%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10,518</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.56%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:4.12%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11,282</p></td>
</tr>
<tr style="height:17.75pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:40.06%; border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:-4.55pt;;text-indent:4.5pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cumulative number of individual investors<sup style="font-size:85%; vertical-align:top">3</sup><sup style="font-size:85%; vertical-align:top"></sup></p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.72%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:4.12%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">411,456</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:20.66%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:5.76%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">559,760</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.56%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:4.12%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">581,977</p></td>
</tr>
</table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;  margin-left:-0.06%;width:101.06%;">
<tr style="height:18.4pt;">
<td valign="top"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:40.1%; border-top:solid 0.75pt #000000;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td colspan="2" valign="bottom"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:40.34%; border-top:solid 0.75pt #000000;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">For the Three Months Ended</p></td>
<td rowspan="2" valign="bottom"  style="width:19.56%; border-top:solid 0.75pt #000000;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">YoY Change</p>
<p style="text-align:center;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p></td>
</tr>
<tr style="height:16.65pt;">
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:40.1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p></td>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.7%;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">March 31, 2017</p></td>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:20.66%;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">March 31, 2018</p></td>
</tr>
<tr style="height:17.1pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:40.1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:-4.55pt;;text-indent:4.5pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Number of unique borrowers<sup style="font-size:85%; vertical-align:top">4</sup><sup style="font-size:85%; vertical-align:top"></sup><sup style="font-size:85%; vertical-align:top"> </sup>(&#8217;000)</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.7%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:4.12%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,571</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:20.66%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:5.76%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,501</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.56%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:6.17%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-2.7%</p></td>
</tr>
<tr style="height:18pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:40.1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:-4.55pt;;text-indent:4.5pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Loan origination volume<sup style="font-size:85%; vertical-align:top">5</sup><sup style="font-size:85%; vertical-align:top"></sup><sup style="font-size:85%; vertical-align:top"> </sup>(RMB, million)</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.7%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:4.12%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10,543</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:20.66%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:5.76%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12,349</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.56%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:6.17%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17.1%</p></td>
</tr>
<tr style="height:18pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:40.1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:-4.55pt;;text-indent:4.5pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Repeat borrowing rate<sup style="font-size:85%; vertical-align:top">6</sup><sup style="font-size:85%; vertical-align:top"></sup><sup style="font-size:85%; vertical-align:top"> </sup>(%)</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.7%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:4.12%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">66.1%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:20.66%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:5.76%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">78.7%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.56%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:6.17%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">19.1%</p></td>
</tr>
<tr style="height:18.45pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:40.1%; border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:-4.55pt;;text-indent:4.5pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Average loan size<sup style="font-size:85%; vertical-align:top">7</sup><sup style="font-size:85%; vertical-align:top"></sup> (RMB)</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.7%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:4.12%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,455</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:20.66%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:5.76%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,066</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:19.56%; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;margin-right:6.17%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">24.9%</p></td>
</tr>
</table></div>
<p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">First Quarter 2018 Financial and Operating Highlights</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:3.7%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:12pt;"><font style="font-family:Times New Roman;">Operating revenues increased by 37.1% to RMB916.8 million (US$146.2 million) in the first quarter of 2018 from RMB668.5 million in the same period of 2017. </font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:3.7%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:12pt;"><font style="font-family:Times New Roman;">Loan facilitation service fees increased by 22.8% to RMB620.8million (US$99.0 million) in the first quarter of 2018 from RMB505.3 million in the same period of 2017. </font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:3.7%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:12pt;"><font style="font-family:Times New Roman;">Post-facilitation service fees increased by 166.0% to RMB227.2 million (US$36.2 million) in the first quarter of 2018 from RMB85.4 million in the same period of 2017.</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:3.7%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:12pt;"><font style="font-family:Times New Roman;">Non-GAAP adjusted operating income increased by 47.5% to RMB414.7 million (US$66.1 million) for the first quarter of 2018 from RMB281.2 million in the same period of 2017.</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:3.7%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:12pt;"><font style="font-family:Times New Roman;">Cumulative registered users<sup style="font-size:85%; vertical-align:top">1</sup> reached 71.4 million as of March 31, 2018.</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:3.7%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
<td valign="top">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:12pt;"><font style="font-family:Times New Roman;">Cumulative number of<sup style="font-size:85%; vertical-align:top"> </sup>borrowers<sup style="font-size:85%; vertical-align:top">2</sup> reached 11.3 million as of March 31, 2018.</font></p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:3.7%;white-space:nowrap">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:12pt;"><font style="font-family:Times New Roman;">Cumulative number of individual investors<sup style="font-size:85%; vertical-align:top">3</sup> reached 581,977 as of March 31, 2018.</font></p></td></tr></table></div>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:12pt;"><font style="font-family:Times New Roman;">Number of unique borrowers<sup style="font-size:85%; vertical-align:top">4</sup> was 2.5 million for the first quarter of 2018, representing a slight decrease of 2.7% from the same period of 2017. </font></p></td></tr></table></div>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:12pt;"><font style="font-family:Times New Roman;">Loan origination volume<sup style="font-size:85%; vertical-align:top">5</sup> was RMB12.3 billion for the first quarter of 2018, representing an increase of 17.1% from the same period of 2017.</font></p></td></tr></table></div>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:'Times New Roman';font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#x2022;</font></p></td>
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<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';font-size:12pt;"><font style="font-family:Times New Roman;">Average loan tenure<sup style="font-size:85%; vertical-align:top">8</sup><sup style="font-size:85%; vertical-align:top"></sup> was 9.3 months for the first quarter of 2018.</font></p></td></tr></table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<div align="left"><table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:20%;"><tr><td style="width:20%;"></td></tr><tr><td valign="top"  style="border-bottom:Solid 1pt #000000;"><p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;text-indent:0pt;font-size:8pt;">&nbsp;</p></td></tr></table></div>
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<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
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<p style="margin-bottom:0pt;margin-top:0pt;font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><sup style="font-size:85%; vertical-align:top">1</sup></font>  </font></font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:8.5pt;">On a cumulative basis, number of users registered on PPDAI platform as of March 31, 2018.</p></td></tr></table></div>
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<p style="margin-bottom:0pt;margin-top:0pt;font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><sup style="font-size:85%; vertical-align:top">2</sup></font>  </font></font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:8.5pt;">On a cumulative basis, number of borrowers whose loans were funded on or prior to March 31, 2018.</p></td></tr></table></div>
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<p style="margin-bottom:0pt;margin-top:0pt;font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><sup style="font-size:85%; vertical-align:top">3</sup></font>  </font></font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:8.5pt;">On a cumulative basis, number of individual investors who have made at least one investment in loans on or prior to March 31, 2018.</p></td></tr></table></div>
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<p style="margin-bottom:0pt;margin-top:0pt;font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><sup style="font-size:85%; vertical-align:top">4</sup></font>  </font></font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:8.5pt;">Represents the total number of borrowers whose loans on PPDAI platform were funded during the period presented.</p></td></tr></table></div>
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<p style="margin-bottom:0pt;margin-top:0pt;font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><sup style="font-size:85%; vertical-align:top">5</sup></font>  </font></font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:8.5pt;">Represents the loan origination volume generated during the period presented.</p></td></tr></table></div>
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<p style="margin-bottom:0pt;margin-top:0pt;font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><sup style="font-size:85%; vertical-align:top">6</sup></font>  </font></font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:8.5pt;">Represents percentage of loan volume generated by repeat borrowers who have successfully borrowed on PPDAI platform before.</p></td></tr></table></div>
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<p style="margin-bottom:0pt;margin-top:0pt;font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><sup style="font-size:85%; vertical-align:top">7</sup></font>  </font></font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:8.5pt;">Represents the average loan size on PPDAI platform during the period presented.</p></td></tr></table></div>
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<p style="margin-bottom:0pt;margin-top:0pt;font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-size:8.5pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><sup style="font-size:85%; vertical-align:top">8</sup></font>  </font></font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:8.5pt;">Represents the average loan tenure period on PPDAI platform during the period presented.</p></td></tr></table></div>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p>
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<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Mr. Jun Zhang, the Chairman and the Chief Executive Officer of PPDAI, commented, &#8220;</font><font style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are pleased to kick off 2018 fiscal year by achieving an operating revenue growth of 37.1% on a year-over-year basis</font><font style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">,</font><font style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </font><font style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">as well as achieving significant improvement in operating efficiencies in the first quarter of 2018. Our strong profitability clearly demonstrates the resilience of our core business model despite the changes in the operating and regulatory environment during the past few months. With delinquency trends improving and volume growth resuming since March, we are confident the consumer lending market in China will continue to present significant growth opportunities for PPDAI.</font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_Hlk513648448"></a>&#8220;We are committed to driving the expansion of our core business<a name="_Hlk513648448"></a> and also investing in new avenues of growth. One of those avenues is capitalizing on our proprietary technological capabilities, massive data sets and accumulated expertise garnered throughout our 11-year operating history to provide a suite of cutting-edge technologies as a service to third party financial services providers. As a pioneer and industry leader, we are dedicated to delivering the most innovative technology solutions in China&#8217;s consumer finance market.&#8221; concluded Mr. Zhang. </p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Mr. Simon Ho, the Chief Financial Officer of PPDAI, added, &#8220;During the quarter, we remained focused on enhancing operating efficiencies and increasing profitability as well as implementing operational adjustments to ensure regulatory compliance. Notably, we achieved non-GAAP adjusted operating income growth of 47.5% year-over-year and a healthy non-GAAP operating margin of 43.9%. We believe our scalable operations and advanced technology platform position us well to capture increasing opportunities as market conditions improve while also ensuring we maintain regulatory compliance.&#8221;</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Accounting Policy Change</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#212121;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">Effective&nbsp;&nbsp;January 1, 2018, PPDAI adopted the new revenue recognition policy, ASC 606 &#8212; Revenue from Contracts with Customers, using the modified retrospective method in accordance with US GAAP (&#8220;ASC 606&#8221;). As a result of adopting ASC 606, the Company recognized the cumulative effect of initially applying the revenue standard as an increase of approximately RMB176.0 million to the opening balances of retained earnings, and the Company also recognized </font><font style="color:#000000;">an increase in revenue of approximately RMB170.0 million (US$27.1 million)</font><font style="Background-color:#FFFFFF;">. These adjustments primarily arose from the timing of revenue recognition for transaction fees collected in monthly instalments related to our loan products being recognized earlier under ASC 606. The Company provides the loan facilitation services and post-facilitation services as multiple derivable arrangements. &#160;Under ASC 605, transaction fees collected in monthly instalments are considered contingent and, therefore, are not allocable to different deliverables until the contingency is resolved (i.e. upon receipt of the monthly transaction fee). Upon adoption of ASC 606, revenue is recognized upon successful matching of borrowers and investors using the total consideration estimated to be received and allocated to the different performance obligations based upon their relative fair value. Other significant changes relate to timing of revenue recognition for the accounting management fee of certain investment programs. The Company begins to recognize revenue from account management fee from certain types of investment programs over the term of the investment programs, which is substantially within twelve months, rather than waiting until the maturity of the investment program, generally twelve months after the date of issuance of the investment program. </font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The ASC 606 revenue recognition standard also considers certain loan collection fees as variable consideration related to loan facilitation and post-facilitation performance obligations, and therefore&nbsp;&nbsp;loan collection fees of RMB110.3 million (US$17.6 million) have been allocated from other revenues to loan facilitation and post-facilitation service fees in the first quarter of 2018.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p>
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<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a><font style="font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">First Quarter 2018 Financial Results</font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Operating revenues<font style="font-weight:normal;"> for the first quarter of 2018 increased by 37.1% to RMB916.8 million (US$146.2 million) from RMB668.5 million in the same period of 2017, primarily due to the increase in loan facilitation service fees, post-facilitation service fees and other revenues as a result of an increase in loan origination volume. As a result of the adoption of the ASC 606, revenue is generally recognized earlier in the life of the contract. For the three months ended March 31, 2018, the impact of applying the new revenue standard resulted in an increase in revenue of approximately RMB170.0 million (US$27.1 million). </font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:12pt;font-weight:normal;text-transform:none;font-variant: normal;"><a name="_Hlk507745206"></a>Loan facilitation service fees<font style="font-style:normal;"> increased by 22.8% to RMB620.8 million (US$99.0 million) for the first quarter of 2018 from RMB505.3 million in the same period of 2017, primarily due to an increase in loan origination volume on the Company&#8217;s platform and the adoption of&nbsp;&nbsp;ASC 606 new revenue recognition standard effective January 1, 2018. Loan collection fees of RMB83.1 million (US$13.3 million) have been allocated from other revenues to loan facilitation services fees related to the adoption of ACS 606. The average rate of transaction fees charged to borrowers was 6.32% in the period, compared to 6.24% in the fourth quarter of 2017 and 6.95% in the first quarter of 2017. </font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:12pt;font-weight:normal;text-transform:none;font-variant: normal;">Post-facilitation service fees<font style="font-style:normal;"> increased significantly by 166.0% to RMB227.2 million (US$36.2 million) for the first quarter of 2018 from RMB85.4 million in the same period of 2017, primarily due to the increase in loan origination volume, the rolling impact of deferred transaction fees and the adoption of ASC 606 effective January 1, 2018. Loan collection fees of RMB27.2 million (US$4.3 million) have been allocated from other revenue to post facilitation service fees related to the adoption of ASC 606. </font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:12pt;font-weight:normal;text-transform:none;font-variant: normal;">Other revenue<font style="font-style:normal;"> decreased by 11.5% to RMB68.8 million (US$11.0 million) for the first quarter of 2018 from RMB77.8 million in the same period of 2017, primarily due to the adoption of ASC 606 from January 1, 2018, offset by an increase in management fees from investment programs that invest in loans protected by the quality assurance fund. </font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:12pt;font-weight:normal;text-transform:none;font-variant: normal;">Net interest income and loan provision losses<font style="font-style:normal;"> for the first quarter of 2018 was a gain of RMB27.0 million (US$4.3 million), compared to a gain of RMB0.5 million in the same period of 2017, mainly due to the increased number of trusts we set up in 2017 for the purpose of serving institutional investors. </font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Origination and servicing expenses<font style="font-weight:normal;"> increased by 42.5% to RMB247.1 million (US$39.4 million) for the first quarter of 2018 from RMB173.4 million in the same period of 2017, primarily due to the increase in headcount related costs.</font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Sales and marketing expenses<font style="font-weight:normal;"> increased by 10.1% to RMB151.1 million (US$24.1 million) for the first quarter of 2018 from RMB137.2 million in the same period of 2017, primarily due to the increase in expenses associated with (i) online customer acquisition, which mainly include expenses paid to internet marketing channels for online advertising and search engine marketing, as well as to certain websites that give PPDAI access to quality borrowers, and (ii) enhancing brand image.</font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">General and administrative expenses<font style="font-weight:normal;"> increased by 88.7% to RMB145.5 million (US$23.2 million) for the first quarter of 2018 from RMB77.1 million in the same period of 2017, primarily due to the increase in staff costs. General and administrative expenses for the period included share-based compensation of RMB14.7 million (US$2.3 million).</font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Operating income<font style="font-weight:normal;"> increased by 42.3% to RMB400.1 million (US$63.8 million) for the first quarter of 2018 from</font><font style="color:#FF0000;font-weight:normal;"> </font><font style="font-weight:normal;">RMB281.2</font><font style="color:#FF0000;font-weight:normal;"> </font><font style="font-weight:normal;">million in the same period of 2017.</font></p>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU4"></a><font style="font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Non-GAAP adjusted operating income</font><font style="font-weight:normal;">, which excludes share-based compensation before tax, was RMB414.7 million (US$66.1 million), representing an increase of 47.5% from RMB281.2 million in the same period of 2017. </font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Other income<font style="font-weight:normal;"> was RMB132.1 million (US$21.1 million) for the first quarter of 2018, compared with RMB209.2 million in the same period of 2017. Other income primarily consisted of a RMB59.7 million (US$9.5 million) gain from the quality assurance fund resulting from increase in loans facilitated on the Company&#8217;s platform that are protected by the quality assurance fund, and a gain of RMB71.5 million (US$11.4 million) from fair value change of financial guarantee derivatives due to an improvement in the expected default rate for loans invested by outstanding investment programs protected by the investor reserve funds, a realized loss of RMB45.2 million (US$7.2 million) from financial guarantee derivatives due to the amount of investment programs maturing during the period. The Company re-evaluates the fair value of outstanding guarantee derivatives at each balance sheet date to reflect the views of market participants on the expected default rate based on the latest market changes. For the first quarter of 2018, RMB7.8 billion of loans facilitated on the Company&#8217;s platform were protected by the quality assurance fund.</font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Income tax expenses <font style="font-weight:normal;">were RMB94.6 million (US$15.1 million) for the first quarter of 2018, compared with RMB73.6 million in the same period of 2017.&nbsp;&nbsp; </font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Net profit<font style="font-weight:normal;"> increased by 5.0% to RMB437.6 million (US$69.8 million) for the first quarter of 2018 from RMB416.8 million in the same period of 2017. </font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Net profit attributable to ordinary shareholders of the Company<font style="font-weight:normal;"> was RMB439.0 million (US$70.0 million) for the first quarter of 2018, compared with net loss attributable to ordinary shareholders of RMB285.1 million in the same period of 2017 due to the accretion losses on the Company&#8217;s Series A, B and C preferred shares in the first quarter of 2017.</font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of March 31, 2018, the Company had cash and cash equivalents of RMB1,476.2 million (US$235.3 million) and short-term investments mainly in wealth management products of RMB2,261.9 million (US$360.6 million). </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The total balance of the quality assurance fund, which includes restricted cash of RMB1,163.6 million (US$185.5 million) and the quality assurance fund receivable of RMB1,325.3 million (US$211.3 million), was equivalent to 19.0% of the total outstanding loans protected by the quality assurance fund. </p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following table provides the delinquency rates for all outstanding loans on the Company&#8217;s platform as of the respective dates indicated. </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:99.78%;">
<tr style="height:13pt;">
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">As of</p>
<p style="line-height:6pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:10pt;">&nbsp;</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">15-29</p>
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">days</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">30-59</p>
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">days</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">60-89</p>
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">days</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">90-119</p>
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">days</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">120-149 days</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">150-179 days</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">March 31, 2015</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.79%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.75%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.10%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.01%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.87%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.67%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">June 30, 2015</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.88%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.06%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.67%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.54%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.89%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.67%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">September 30, 2015</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.67%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.89%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.61%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.54%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.44%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.35%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">December 31, 2015</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.80%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.93%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.51%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.49%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.39%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.32%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">March 31, 2016</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.62%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.93%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.72%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.61%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.48%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.32%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">June 30, 2016</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.82%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.01%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.63%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.43%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.47%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.44%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">September 30, 2016</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.83%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.11%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.80%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.63%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.49%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.39%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">December 31, 2016</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.63%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.91%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.75%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.79%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.69%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.57%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">March 31, 2017</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.57%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.95%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.79%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.59%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.54%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.51%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">June 30, 2017</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.86%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.11%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.79%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.51%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.55%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.52%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">September 30, 2017</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.89%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.40%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.15%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.02%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.79%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.60%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">December 31, 2017</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.27%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.21%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.72%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.63%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.36%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.20%</p></td>
</tr>
<tr style="height:13pt;">
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:22.74%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">March 31, 2018</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.87%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.11%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.43%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.88%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.83%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.29%</p></td>
<td valign="middle"  style="padding-left:5.4pt;padding-Right:5.4pt;padding-Top:0pt;padding-Bottom:0pt;width:12.86%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:1.65%;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.89%</p></td>
</tr>
</table></div>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following chart and table display the historical cumulative 30-day plus past due delinquency rates by loan origination vintage for all continuing loan products facilitated through the Company&#8217;s online marketplace. </p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Cambria;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="g201805160534080906849.jpg" title="" alt="" style="width:647px;height:352px;"></p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;">
<tr style="height:11.25pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9pt;">&nbsp;</p></td>
<td colspan="11" valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:84.58%;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Month on Book</p></td>
</tr>
<tr style="height:14.4pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:4.5pt;;margin-right:0.82%;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Vintage</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2<sup style="font-size:85%; vertical-align:top">nd</sup></p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">3<sup style="font-size:85%; vertical-align:top">rd</sup></p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">4<sup style="font-size:85%; vertical-align:top">th</sup></p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">5<sup style="font-size:85%; vertical-align:top">th</sup></p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">6<sup style="font-size:85%; vertical-align:top">th</sup></p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">7<sup style="font-size:85%; vertical-align:top">th</sup></p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">8<sup style="font-size:85%; vertical-align:top">th</sup></p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">9<sup style="font-size:85%; vertical-align:top">th</sup></p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">10<sup style="font-size:85%; vertical-align:top">th</sup></p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">11<sup style="font-size:85%; vertical-align:top">th</sup></p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;line-height:10pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">12<sup style="font-size:85%; vertical-align:top">th</sup></p></td>
</tr>
<tr style="height:13.4pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:2.67%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2015Q1</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.95%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.75%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.46%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.98%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.36%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.58%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.67%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.69%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.73%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.76%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.74%</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2015Q2</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.74%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.66%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.38%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.75%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.02%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.15%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.30%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.38%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.45%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.46%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.46%</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2015Q3</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.46%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.13%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.70%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.15%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.47%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.68%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.77%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.85%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.93%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.01%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.02%</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2015Q4</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.54%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.27%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.88%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.17%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.53%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.77%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.97%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.12%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.26%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.32%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.33%</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2016Q1</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.00%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.57%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.21%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.82%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.33%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.77%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.09%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.33%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.45%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.57%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.59%</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2016Q2</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.75%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.49%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.21%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.77%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.17%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.39%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.59%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.76%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.88%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.94%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.96%</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2016Q3</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.67%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.45%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.96%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.47%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.87%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.11%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.27%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.44%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.59%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.70%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.77%</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2016Q4</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.29%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.07%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.66%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.15%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.59%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.97%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.32%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.62%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.88%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.07%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.18%</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2017Q1</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.20%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.01%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.68%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.32%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.87%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.33%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.68%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.98%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.33%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.61%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.80%</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2017Q2</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.72%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.89%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.81%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.55%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.14%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.78%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.32%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.79%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2017Q3</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.82%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.93%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.08%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.16%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6.13%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
</tr>
<tr style="height:12pt;">
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:15.42%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:4.5pt;;margin-right:3.5%;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2017Q4</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.51%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.12%</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.68%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
<td valign="bottom"  style="padding-left:0pt;padding-Right:0pt;padding-Top:0pt;padding-Bottom:0pt;width:7.7%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8212;</p></td>
</tr>
</table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Business Outlook</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">PPDAI currently expects total loan volume for the fiscal year 2018 to be in the range of RMB70 billion to RMB80 billion. This forecast is PPDAI&#8217;s current and preliminary view, which is subject to changes.</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Conference Call</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company&#8217;s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 15, 2018 (8:00 PM Beijing/Hong Kong time on May 15, 2018).</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Dial-in details for the earnings conference call are as follows:</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:51%;"></table></div>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:51%;">
<tr>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;width:53.36%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU5"></a><font style="color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">United States (toll free):</font></p></td>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;width:46.64%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1-888-346-8982</p></td>
</tr>
<tr>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;width:53.36%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">International:</p></td>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;width:46.64%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1-412-902-4272</p></td>
</tr>
<tr>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;width:53.36%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Hong Kong (toll free):</p></td>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;width:46.64%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">800-905-945</p></td>
</tr>
<tr>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;width:53.36%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Hong Kong:</p></td>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;width:46.64%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">852-3018-4992</p></td>
</tr>
<tr>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;width:53.36%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">China:</p></td>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;width:46.64%;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">400-120-1203</p></td>
</tr>
</table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Participants should dial-in at least 5 minutes before the scheduled start time and ask to be connected to the call for &#8220;PPDAI Group.&#8221;</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at <font style="text-decoration:underline;">http://ir.ppdai.com</font>.</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A replay of the conference call will be accessible approximately one hour after the conclusion of the live call until May 22, 2018, by dialing the following telephone numbers:</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:44.67%;">
<tr>
<td style="width:26.28%;"></td>
<td style="width:18.4%;"></td>
</tr>
<tr>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">United States (toll free):</p></td>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1-877-344-7529</p></td>
</tr>
<tr style="height:10.8pt;">
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">International:</p></td>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1-412-317-0088</p></td>
</tr>
<tr>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Replay Access Code:</p></td>
<td valign="bottom"  style="padding-left:5.4pt;padding-Right:6pt;padding-Top:0pt;padding-Bottom:0pt;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10120252</p></td>
</tr>
</table></div>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">About PPDAI Group Inc.</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">PPDAI is a leading online consumer finance marketplace in China with strong brand recognition. Launched in 2007, the Company is the first online consumer finance marketplace in China connecting borrowers and investors. As a pioneer in China&#8217;s online consumer finance marketplace, the Company benefits from both its early-mover advantages and the invaluable data and experience accumulated throughout multiple complete loan lifecycles. The Company&#8217;s platform, empowered by its proprietary, cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience, as evidenced by the rapid growth of the Company&#8217;s user base and loan origination volume. As of March 31, 2018, the Company had over 71 million cumulative registered users.</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For more information, please visit <font style="text-decoration:underline;">http://ir.ppdai.com</font>.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Non-GAAP Financial Measures</p>
<p style="text-align:justify;Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:0%;color:#212121;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We use Non-GAAP operating income, a Non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. We believe that adjusted operating income help identify underlying trends in our business by excluding the impact of share-based compensation expenses and expected discretionary measures. We believe that adjusted operating income provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#212121;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Non-GAAP adjusted operating income is not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. This Non-GAAP financial measure has limitations as analytical tools, and when assessing our operating performance, cash flows or our liquidity, investors should not consider them in isolation, or as a substitute for net (loss)/income, cash flows provided by operating activities or other consolidated statements of operation and cash flow data prepared in accordance with U.S. GAAP. <font style="Background-color:#FFFFFF;">The Company encourages investors and others to review our financial information in its entirety and not rely on a single financial measure.</font></p>
<p style="text-align:justify;Background-color:#FFFFFF;margin-bottom:0pt;margin-top:12pt;text-indent:0%;color:#212121;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">For more information on this Non-GAAP financial measure, please see the table captioned "Reconciliations of GAAP and Non-GAAP results" set forth at the end of this press release.</font></p>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU6"></a><font style="font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Exchange Rate Information</font></p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader.&#160;Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB RMB6.2726 to US$1.00, the rate in effect as of March 30, 2018 as certified for customs purposes by the Federal Reserve Bank of New York. <font style="text-decoration:underline;">https://www.federalreserve.gov/releases/h10/20180402/</font> </p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">Safe Harbor Statement</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as &#8220;will,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;future,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;target,&#8221; &#8220;confident&#8221; and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company&#8217;s control. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability to attract and retain borrowers and investors on its marketplace, its ability to increase volume of loans facilitated through the Company&#8217;s marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, laws, regulations and governmental policies relating to the online consumer finance industry in China, general economic conditions in China, and the Company&#8217;s ability to meet the standards necessary to maintain listing of its ADSs on the NYSE, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and PPDAI does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. </p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">For investor and media inquiries, please contact: </p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In China:</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">PPDAI Group Inc.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Jimmy Tan / Sally Huo</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Tel: +86 (21) 8030 3200-8601</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E-mail:&#160;ir@ppdai.com</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Piacente Group, Inc.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ross Warner</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Tel: +86 (10) 5730-6200</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E-mail: paipaidai@tpg-ir.com </p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In the United States:</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Piacente Group, Inc.&nbsp;&nbsp; </p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Alan Wang</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Tel: +1-212-481-2050</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">E-mail: paipaidai@tpg-ir.com</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:12pt;">&nbsp;</p>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU7"></a><font style="font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">PPDAI GROUP INC.</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">(All amounts in thousands, except share data, or otherwise noted)</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;  margin-left:1.02%;width:97.3%;">
<tr>
<td valign="bottom"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:20.36%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">As of December 31,</p></td>
<td colspan="2" valign="bottom"  style="width:38.88%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">As of March 31,&nbsp;&nbsp;</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:20.36%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">2017</p></td>
<td colspan="2" valign="bottom"  style="width:38.88%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">2018</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">RMB</p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">RMB</p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">USD</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;"> Assets </p></td>
<td valign="bottom"  style="width:20.36%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Cash and cash equivalents </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> 1,891,131 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;1,476,238 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;235,347 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Restricted cash </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,392,573 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,563,707 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;408,715 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Short-term investments </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,958,910 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,261,907 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 360,601 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Available for sale securities </p></td>
<td valign="bottom"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,377 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,250 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Quality assurance fund receivable </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,152,769 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,325,312 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211,286 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Intangible asset </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63,760 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63,760 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,165 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Property, equipment and software, net </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 108,248 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113,683 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,124 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:9pt;;text-indent:-9pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Loans and receivables, net of allowance for loan losses </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 681,794 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656,670 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104,689 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Investment in equity investees </p></td>
<td valign="bottom"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,857 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,814 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,043 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Accounts receivable </p></td>
<td valign="bottom"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,773 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340,306 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54,253 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Deferred tax assets </p></td>
<td valign="bottom"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128,361 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81,185 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,943 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Contract asset </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,660 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,961 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Other assets </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;145,699 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166,251 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26,504 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Goodwill </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50,411 </p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50,676 </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,079 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;"> Total assets </p></td>
<td valign="bottom"  style="width:20.36%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;"> 8,603,663 </p></td>
<td valign="bottom"  style="width:19.12%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">9,159,419</p></td>
<td valign="bottom"  style="width:19.76%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;1,460,228 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:20.36%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td colspan="3" valign="middle"  style="width:80.24%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;"> Liabilities and Shareholders&#8217; Equity </p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Liabilities: </p></td>
<td valign="bottom"  style="width:20.36%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Payable to platform users </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,113,966 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,241,020 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197,848 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Quality assurance fund payable </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,062,844 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,280,623 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363,585 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Deferred revenue </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265,094 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Payroll and welfare payable </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156,831 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103,874 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,560 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Taxes payable </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;257,143 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210,328 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,531 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:9pt;;text-indent:-9pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Provision for payment to investor reserve fund investor&nbsp;&nbsp;</p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107,660 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107,660 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,164 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Short-term borrowing loan </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52,110 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,308 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:9pt;;text-indent:-9pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Funds payable to investors of consolidated trusts </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502,641 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;407,341 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64,940 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Contract liability </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 151,823 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24,204 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Due to related party </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,972 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,097 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;813 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Deferred tax liabilities </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,940 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15,940 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,541 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Accrued expenses and other liabilities </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211,614 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178,501 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28,457 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Financial guarantee derivative </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215,770 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144,239 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22,995 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;"> Total liabilities </p></td>
<td valign="middle"  style="width:20.36%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,921,475 </p></td>
<td valign="middle"  style="width:19.12%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp; 4,898,556 </p></td>
<td valign="middle"  style="width:19.76%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780,946 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;"> Shareholders&#8217; equity: </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Paid in capital </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Additional paid-in capital </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,951,044 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp; 5,965,722 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">951,076 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Treasury stock </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8,765)</p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,397)</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Statutory reserves </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,090 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55,090 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,783 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:9pt;;text-indent:-9pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Accumulated other comprehensive income/(loss)</p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14,917 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp; (26,379)</p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4,205)</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Accumulated deficit </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,398,984)</p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp; (1,783,444)</p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(284,324)</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Total PPDai Group Inc. shareholders&#8217; equity </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,622,167 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,202,324 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669,949 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> Non-controlling interest </p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60,021 </p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,539 </p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,333 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;"> Total shareholders' equity </p></td>
<td valign="middle"  style="width:20.36%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,682,188 </p></td>
<td valign="middle"  style="width:19.12%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;4,260,863 </p></td>
<td valign="middle"  style="width:19.76%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679,282 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:20.36%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:19.12%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:19.76%;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:9pt;;text-indent:-9pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;"> Total liabilities and shareholders&#8217; equity </p></td>
<td valign="middle"  style="width:20.36%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,603,663 </p></td>
<td valign="middle"  style="width:19.12%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp; 9,159,419 </p></td>
<td valign="middle"  style="width:19.76%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;margin-right:5.11%;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;1,460,228 </p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:1pt;">&nbsp;</p>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU8"></a><font style="font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">PPDAI GROUP INC.</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">(All amounts in thousands, except share data, or otherwise noted)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;  margin-left:1.02%;width:97.3%;">
<tr style="height:12.15pt;">
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td colspan="3" valign="bottom"  style="width:59.24%;white-space:nowrap;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">For the Three Months Ended March 31,</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">2017</p></td>
<td colspan="2" valign="bottom"  style="width:38.86%;white-space:nowrap;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">2018</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">RMB</p></td>
<td valign="middle"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">RMB</p></td>
<td valign="middle"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">USD</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top"  style="width:20.38%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="top"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Operating revenues:</p></td>
<td valign="middle"  style="width:20.38%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Loan facilitation service fees </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">505,344 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620,809 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98,972 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Post-facilitation service fees </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85,398 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227,164 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36,215 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Other revenue </p></td>
<td valign="bottom"  style="width:20.38%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77,770 </p></td>
<td valign="bottom"  style="width:19.44%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68,807 </p></td>
<td valign="bottom"  style="width:19.42%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,969 </p></td>
</tr>
<tr>
<td valign="top"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Total operating revenues</p></td>
<td valign="bottom"  style="width:20.38%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;668,512 </p></td>
<td valign="bottom"  style="width:19.44%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;916,780 </p></td>
<td valign="bottom"  style="width:19.42%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146,156 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:9pt;;text-indent:-9pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net <font style="color:#000000;">interest</font> income/(expense) and loan provision losses </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,991 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,303 </p></td>
</tr>
<tr>
<td valign="top"  style="width:40.76%; border-bottom:solid 1.5pt transparent;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Net revenues</p></td>
<td valign="bottom"  style="width:20.38%; border-bottom:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 668,977 </p></td>
<td valign="bottom"  style="width:19.44%; border-bottom:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 943,771 </p></td>
<td valign="bottom"  style="width:19.42%; border-bottom:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150,459 </p></td>
</tr>
<tr>
<td valign="top"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Operating expenses:</p></td>
<td valign="bottom"  style="width:20.38%; border-top:solid 1.5pt #000000;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.44%; border-top:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.42%; border-top:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:9pt;;text-indent:-9pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Origination and servicing expense-related party </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(15,937)</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> (25,333)</p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,039)</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Origination and servicing expense </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(157,469)</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(221,766)</p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> (35,355)</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Sales and marketing expenses </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(137,207)</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (151,063)</p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> (24,083)</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">General and administrative expenses </p></td>
<td valign="bottom"  style="width:20.38%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (77,118)</p></td>
<td valign="bottom"  style="width:19.44%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (145,539)</p></td>
<td valign="bottom"  style="width:19.42%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23,202)</p></td>
</tr>
<tr>
<td valign="top"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Total operating expenses</p></td>
<td valign="bottom"  style="width:20.38%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (387,731)</p></td>
<td valign="bottom"  style="width:19.44%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (543,701)</p></td>
<td valign="bottom"  style="width:19.42%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (86,679)</p></td>
</tr>
<tr>
<td valign="top"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Other income:</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Gain from quality assurance fund </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98,783 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,743 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,524 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:9pt;;text-indent:-9pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Realized <font style="color:#000000;">gain</font>/(loss) from financial guarantee derivatives </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63,561 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(45,222)</p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7,210)</p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:9pt;;text-indent:-9pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Fair <font style="color:#000000;">value</font> change of financial guarantee derivatives </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,345 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71,530 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,404 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Other income, net </p></td>
<td valign="bottom"  style="width:20.38%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,469 </p></td>
<td valign="bottom"  style="width:19.44%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46,028 </p></td>
<td valign="bottom"  style="width:19.42%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,339 </p></td>
</tr>
<tr>
<td valign="top"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Profit before income tax expense</p></td>
<td valign="bottom"  style="width:20.38%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490,404 </p></td>
<td valign="bottom"  style="width:19.44%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;532,149 </p></td>
<td valign="bottom"  style="width:19.42%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84,837 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Income tax expenses </p></td>
<td valign="bottom"  style="width:20.38%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(73,604)</p></td>
<td valign="bottom"  style="width:19.44%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(94,585)</p></td>
<td valign="bottom"  style="width:19.42%; border-bottom:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15,079)</p></td>
</tr>
<tr>
<td valign="top"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Net profit</p></td>
<td valign="bottom"  style="width:20.38%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416,800 </p></td>
<td valign="bottom"  style="width:19.44%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437,564 </p></td>
<td valign="bottom"  style="width:19.42%; border-top:solid 0.75pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69,758 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:9pt;;text-indent:-9pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net loss <font style="color:#000000;">attributable</font> to non-controlling interest shareholders</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;&nbsp; </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,482)</p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(236)</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net profit attributable to PPDai Group Inc.</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416,800 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439,046 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69,994 </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Series A preferred shares </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (280,010)</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp; </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp; </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Series B preferred shares </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (204,264)</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp; </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp; </p></td>
</tr>
<tr>
<td valign="middle"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Series C preferred shares </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(217,638)</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp; </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp; </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%; border-bottom:solid 1.5pt transparent;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Net profit/(loss) attributable to ordinary shareholders</p></td>
<td valign="bottom"  style="width:20.38%; border-bottom:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(285,112)</p></td>
<td valign="bottom"  style="width:19.44%; border-bottom:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439,046 </p></td>
<td valign="bottom"  style="width:19.42%; border-bottom:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69,994 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Net profit attributable to PPDai Group Inc.</p></td>
<td valign="bottom"  style="width:20.38%; border-top:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416,800 </p></td>
<td valign="bottom"  style="width:19.44%; border-top:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 439,046 </p></td>
<td valign="bottom"  style="width:19.42%; border-top:solid 1.5pt #000000;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69,994 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:8.1pt;;text-indent:-8.1pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Foreign currency translation adjustment, net of nil tax </p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,335 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(41,296)</p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,584)</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Comprehensive income/(loss)</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425,135 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397,750 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63,410 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:8.1pt;;text-indent:-8.1pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Weighted average number of ordinary shares used in computing net income/(loss) per share</p></td>
<td valign="bottom"  style="width:20.38%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.44%;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Basic</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665,000,000 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;1,503,034,952 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;1,503,034,952 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Diluted</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665,000,000 </p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp; 1,623,915,472 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp; 1,623,915,472 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Income/(loss) per share -Basic</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.4287)</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.2921 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.0466 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Income/(loss) per ADS-Basic</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2.1437)</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.4605 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.2328 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Income/(loss) per share -Diluted</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.4287)</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.2704 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.0431 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.76%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Income/(loss) per ADS-Diluted</p></td>
<td valign="bottom"  style="width:20.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2.1437)</p></td>
<td valign="bottom"  style="width:19.44%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3518 </p></td>
<td valign="bottom"  style="width:19.42%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.2155 </p></td>
</tr>
</table></div>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU9"></a><font style="font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">PPDAI GROUP INC.</font></p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">UNAUDITED Reconciliation of GAAP And Non-GAAP Results</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:12pt;font-style:normal;text-transform:none;font-variant: normal;">(All amounts in thousands, except share data, or otherwise noted)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;  margin-left:1.02%;width:97.34%;">
<tr>
<td valign="bottom"  style="width:40.74%;white-space:nowrap;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td colspan="3" valign="bottom"  style="width:59.26%;white-space:nowrap;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">For the Three Months Ended March 31,</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.74%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="middle"  style="width:20.36%;white-space:nowrap;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">2017</p></td>
<td colspan="2" valign="middle"  style="width:38.9%;white-space:nowrap;">
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:0pt;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">2018</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.74%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-weight:bold;;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:20.36%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">RMB</p></td>
<td valign="bottom"  style="width:19.52%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">RMB</p></td>
<td valign="bottom"  style="width:19.38%;white-space:nowrap;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">USD</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.74%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:20.36%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.52%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:19.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:9.5pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:40.74%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Net Revenues</p></td>
<td valign="bottom"  style="width:20.36%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">668,977</p></td>
<td valign="bottom"  style="width:19.52%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">943,771 </p></td>
<td valign="bottom"  style="width:19.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">150,459 </p></td>
</tr>
<tr>
<td valign="top"  style="width:40.74%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less: total operating expenses</p></td>
<td valign="bottom"  style="width:20.36%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(387,731)</p></td>
<td valign="bottom"  style="width:19.52%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(543,701)</p></td>
<td valign="bottom"  style="width:19.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(86,679)</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.74%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:9.5pt;font-family:Georgia;font-style:normal;text-transform:none;font-variant: normal;">Operating Income</p></td>
<td valign="bottom"  style="width:20.36%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">281,246 </p></td>
<td valign="bottom"  style="width:19.52%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">400,070 </p></td>
<td valign="bottom"  style="width:19.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">63,780 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.74%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:8.1pt;;text-indent:-8.1pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less: Expected discretionary payment to IRF investors</p></td>
<td valign="bottom"  style="width:20.36%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
<td valign="bottom"  style="width:19.52%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
<td valign="bottom"  style="width:19.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.74%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Add: share-based compensation expenses</p></td>
<td valign="bottom"  style="width:20.36%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</p></td>
<td valign="bottom"  style="width:19.52%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">14,678 </p></td>
<td valign="bottom"  style="width:19.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,340 </p></td>
</tr>
<tr>
<td valign="bottom"  style="width:40.74%;white-space:nowrap;">
<p style="margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Non-GAAP adjusted operating income</p></td>
<td valign="bottom"  style="width:20.36%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">281,246 </p></td>
<td valign="bottom"  style="width:19.52%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">414,748 </p></td>
<td valign="bottom"  style="width:19.38%;white-space:nowrap;">
<p style="text-align:right;margin-bottom:1pt;margin-top:1pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:9.5pt;font-family:Georgia;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">66,120 </p></td>
</tr>
</table></div>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-weight:bold;;">&nbsp;</p>
<p style="text-align:right;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:7.5pt;font-family:Times New Roman;">&nbsp;</p></body>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
