BREAKING NEWS

ORIX to Invest in the Peer-to-Peer Lending Company “Dianrong” in China

ORIX Corporation ("ORIX") announced today a US$60 million investment in holding company of Dianrong ("Dianrong") through ORIX Asia Capital ("OAC"), its wholly owned investment vehicle in the Greater China region. Founded by Soul Htite, co-founder of LendingClub ("LC"), the first and largest Peer-to-Peer lending platform in the US, Dianrong is a leading online marketplace connecting millions of borrowers and lenders from China. Founded in 2012, Dianrong offers small businesses and individuals a comprehensive, one-stop financial platform supported by cutting-edge proprietary artificial intelligence and blockchain technologies. After signing a definitive agreement on January 5, 2018, ORIX Asia Capital has completed the transaction on January 23, 2018.

With more than RMB 47 billion in loans originated as of year-end 2017, Dianrong operates one of the most advanced financial technology (fintech) platforms in Asia that has been built on highly scalable infrastructure and machine learning that enhances online risk management, loan originations and post-origination loan management. Backed by eminent financial and investment firms including GIC, Standard Chartered Private Equity, Tiger Global Management, CITIC, AMTD, and Max Giant, ORIX is proud to join this league of esteemed investors as strategic partner of Dianrong and looking forward to collaborating with Dianrong in China and Emerging Asia. With Dianrong's first-class management team and technology, ORIX believes Dianrong will continue its perennially excellent client services and build up to be a leading pan-Asia fintech solutions provider.
 
About OAC:
ORIX Asia Capital Limited (OAC), a wholly-owned subsidiary of ORIX Corporation (ORIX), is the investment platform for ORIX in the Greater China region. Built on ORIX's reputation, experience, resources and network, OAC has developed into a leading principal investment firm focusing on diversified investments including private equity, GP/LP investment and structured financing. Since its inception, OAC has invested in many leading companies from several industries including renewable energy, infrastructure, healthcare, consumer goods, and Fintech etc. OAC is considered to be a strategic partner with strong commitment to the long-term development of the portfolio companies. 

About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is an opportunistic, diversified, innovation-driven global powerhouse with a proven track record of profitability. Established in 1964, ORIX at present operates a diverse portfolio of businesses in the operations, financial services, and investment spaces. ORIX's highly complementary business activities span industries including: energy, private equity, infrastructure, automotive, ship and aircraft, real estate and retail financial services. ORIX has also spread its business globally by establishing locations in a total of 40 countries and regions across the world. Through its business activities, ORIX has long been committed to corporate citizenship and environmental sustainability. 

About Dianrong:
Dianrong is a leader in online marketplace lending in China. Founded in 2012 and headquartered in Shanghai, Dianrong offers small businesses and individuals a comprehensive, one-stop financial platform supported by industry-leading technology, compliance and transparency. The company's sophisticated and flexible infrastructure enables it to design and customize lending and borrowing products and services, based on industry-specific data and insights, all supported by online risk-management and operation tools. Dianrong's specific offerings include marketplace lending-related services and fintech solutions. Dianrong was also named in 2016 to the executive directorship of the National Internet Finance Association of China, led by the People's Bank of China.

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