The Annual General Meeting of AB Electrolux was held in Stockholm on March 25, 2026.

STOCKHOLM, March 26, 2026 /PRNewswire/ — Shareholders and others had the opportunity to follow the Annual General Meeting live via Electrolux Group’s website. A recording from the Annual General Meeting of the reflections by President and CEO, Yannick Fierling, on the past year and the strategy going forward will be available on Electrolux Group’s website, www.electroluxgroup.com/agm2026.

The Company’s Income Statement and Balance Sheet and the Consolidated Income Statement and Balance Sheet for Electrolux Group were adopted. The Board of Directors and the President and CEO were discharged from liability for the fiscal year 2025. In accordance with the Board’s proposal, the Annual General Meeting resolved to not distribute any dividend for the fiscal year 2025 and that available funds will be carried forward in the new accounts.

The Annual General Meeting adopted remuneration to the Board in accordance with the Nomination Committee’s proposal.

Yannick Fierling, Geert Follens, Petra Hedengran, Ulla Litzén, Torbjörn Lööf, Daniel Nodhäll, Karin Overbeck and Michael Rauterkus were re-elected as Directors of the Board, and Lena Glader and Anko van der Werff were elected as new Directors of the Board, for the period until the end of the Annual General Meeting 2027. Torbjörn Lööf was re-elected as Chair of the Board of Directors.

Öhrlings PricewaterhouseCoopers AB was re-elected as auditor for the period until the end of the Annual General Meeting 2027 and fee to the auditor will be paid as incurred.

The Board of Director’s Remuneration Report for the financial year 2025 was approved.

The Annual General Meeting authorized the Board of Directors to resolve to transfer own shares on account of company acquisitions and to cover costs that may arise as a result of the previously adopted share program 2024. These authorizations are effective during the period until the Annual General Meeting 2027.

The Board’s proposal for a performance based, long-term share program for 2026 was approved. Furthermore, the Annual General Meeting resolved that the company’s expected financial exposure of the program shall be hedged by the company entering into an equity swap agreement with a third party.

Full details on the proposals adopted by the Annual General Meeting are available at Electrolux Group’s website, www.electroluxgroup.com/agm2026.

CONTACT:

For more information:

Ann-Sofi Jönsson, Head of Investor Relations & Sustainability Reporting, +46 73 035 1005

Maria Åkerhielm, Investor Relations Manager, +46 70 796 3856

Henry Sjölin, Investor Relations Manager, +46 76 863 51 85

Electrolux Group Press Hotline, +46 8 657 65 07

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SHENZHEN, China, March 26, 2026 /PRNewswire/ — X Financial (NYSE: XYF), a leading Chinese fintech platform, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025. This press release should be read in conjunction with the Company’s Report on Form 6-K for the fourth quarter and fiscal year ended December 31, 2025, which has been furnished to the U.S. Securities and Exchange Commission and is available on the SEC’s website at www.sec.gov and on the Company’s investor relations website at http://ir.xiaoyinggroup.com.

Fourth Quarter and Fiscal Year 2025 Financial Highlights

• Total net revenue in Q4 2025 was RMB1,467.8 million (US$209.9 million), a decrease of 14.1% year-over-year and 25.1% quarter-over-quarter. For fiscal year 2025, total net revenue was RMB7,639.4 million (US$1,092.4 million), an increase of 30.1% from 2024.
• Total loan amount facilitated and originated[1] in Q4 2025 was RMB22,768 million, down 29.5% year-over-year and 32.3% quarter-over-quarter. For fiscal year 2025, total loan amount facilitated and originated was RMB130,552 million, an increase of 24.5% from RMB104,889 million in fiscal year 2024.

• Net income in Q4 2025 was RMB57.2 million (US$8.2 million), a decrease of 85.2% year-over-year, driven by higher credit-related provisions and lower loan facilitation revenue. For fiscal year 2025, net income was RMB1,464.6 million (US$209.4 million), compared with RMB1,539.9 million in 2024.
• Delinquency rates for loans 31–60 days past due increased to 2.90% (from 1.17% a year ago); loans 91–180 days past due increased to 6.31% (from 2.48% a year ago), reflecting deteriorating asset quality and the Company’s adoption of more conservative provisioning.

Mr. Kent Li, President of X Financial, commented: “In the fourth quarter of 2025, we facilitated and originated RMB22.8 billion in loans, a decline of 32.3% from the prior quarter and 29.5% year-over-year. Borrower activity moderated further, with active borrowers declining to approximately 1.69 million, down 20.2% from a year ago, reflecting the Company’s deliberate focus on higher-quality origination and tighter credit standards across our core channels. Asset quality came under increased pressure, with the 31–60 day delinquency rate rising to 2.90% and the 91–180 day delinquency rate increasing to 6.31%. These trends reflected continued stress in certain borrower segments and a more conservative industry-wide risk posture. In response, we have strengthened our risk management framework, enhanced collection strategies, and adjusted capital deployment to preserve balance sheet resilience. While profitability was significantly impacted by higher provisions and narrower margins, we believe these actions position the Company for more stable performance over the medium term. Looking ahead, we remain focused on asset quality, disciplined growth, and maintaining strong liquidity to navigate ongoing market uncertainty.”

Mr. Frank Fuya Zheng, Chief Financial Officer of X Financial, added: “In the fourth quarter of 2025, total net revenue was RMB1.47 billion, a decrease of 14.1% from the same period last year and 25.1% sequentially. Net income was RMB57.2 million and non-GAAP adjusted net income was RMB61.3 million, both significantly lower than the prior quarter, primarily due to substantially higher provisions and lower loan facilitation revenue amid reduced origination volumes. Basic earnings per ADS were RMB1.44, and non-GAAP adjusted earnings per ADS were RMB1.56, both lower than the prior quarter, reflecting the impact of elevated credit costs during the period. Operating margin declined to 1.4%, compared with 18.5% in the prior quarter and 30.7% in the same period last year, mainly driven by higher provisioning and reduced contribution from higher-margin facilitation services. We will continue to manage capital conservatively, strengthen our balance sheet, and maintain cost discipline to support business resilience amid an evolving regulatory and operating landscape.”

Fourth Quarter 2025 GAAP and Non-GAAP Financial Summary

Business Outlook & Capital Return

• Business Outlook: Given the limited visibility at the start of the year and evolving market conditions, X Financial expects the total loan amount facilitated and originated in the first quarter of 2026 to be in the range of RMB 14.5 billion to RMB 15.5 billion. This outlook reflects management’s cautious approach amid ongoing macroeconomic and regulatory uncertainty, with continued emphasis on asset quality, disciplined risk management, and sustainable profitability. The forecast represents the Company’s current preliminary view and remains subject to change as the year progresses.
• Capital Return to Shareholders: As of March 15, 2026, under the Company’s US$100 million share repurchase program, the Company had repurchased an aggregate of approximately 3.79 million ADSs, including approximately 3.37 million ADSs and 2.53 million Class A ordinary shares, for a total consideration of approximately US$53.85 million. The Company now has approximately US$46.15 million remaining under the share repurchase program, which is effective through November 30, 2026. This program underscores the Company’s confidence in its long-term growth outlook and its commitment to enhancing shareholder value. Repurchases under the program remain subject to market conditions and other factors and may be modified or suspended at management’s discretion.

• Declaration of Semi-Annual Dividend: Pursuant to the semi-annual dividend policy, the Board today approved the declaration and payment of a semi-annual dividend of US$0.28 per ADS (approximately US$0.0467 per ordinary share). The holders of the Company’s ordinary shares shown on the Company’s record at the close of trading on April 30, 2026 (U.S. Eastern Daylight Time) will be entitled to the semi-annual dividend. These shareholders, including the Bank of New York Mellon, the depositary of our ADS program (the “Depositary”), will receive the payments of dividends on or about May 20, 2026. Dividends to the Company’s ADS holders will be paid by the Depositary after May 20, 2026, and the precise timing of receipt will vary based on the processing efficiency of the respective holding brokerage.

Regulatory Update

The regulatory environment governing internet-based lending in the People’s Republic of China continued to evolve during fiscal year 2025, with authorities increasingly refining and strengthening oversight across the entire consumer credit business chain.

The most significant development during the period was Notice 9, issued by the National Financial Regulatory Administration on April 1, 2025, which requires commercial banks to strictly control total borrowing costs. Although Notice 9 does not explicitly stipulate a cap of not exceeding 24% per annum, in practice, a 24% per annum cap on total borrowing cost for a single loan is generally implemented and enforced.

Importantly, 24% per annum may not represent the outer boundary of pricing pressure. During the period, regulatory authorities continued to tighten total borrowing cost caps applicable to microcredit companies and consumer finance companies, and such entities may face de facto requirements set at levels below 24%. The extent to which such requirements may fall below 24%, and the pace and manner of their implementation across different institution types and jurisdictions, remain highly uncertain. The Company currently has no reliable basis upon which to predict the ultimate scope, stringency, or trajectory of applicable borrowing cost limitations. The Company expects that, if current and emerging regulatory requirements are implemented as currently understood, its operating results will be adversely and materially affected relative to those achieved in prior fiscal years. The magnitude of such impact is subject to significant uncertainty; however, investors should not assume that the Company’s historical levels of profitability are indicative of future performance, and the possibility of operating losses in future periods cannot be excluded.

Notice 9 also requires commercial bank head offices to implement whitelist management systems for loan facilitation platform operators, prohibiting cooperation with institutions not included on such lists. The implementation of whitelist requirements has introduced additional uncertainty with respect to the Company’s funding relationships. By way of illustration only, current practices regarding whitelist administration vary across banking groups and their respective subsidiaries, and it is possible that future regulatory guidance could alter the level at which such determinations are made in ways that may affect the Company’s authorized funding relationships. This example is indicative of the broader unpredictability of the regulatory environment, and numerous other aspects of implementation remain similarly subject to change without notice or predictability.

Separately, payment institution rating measures issued by the People’s Bank of China in December 2025 extend regulatory oversight further across the lending chain, increasing overall compliance burdens and operational costs for industry participants.

The Company is closely monitoring these developments as they continue to evolve into 2026. Management currently has limited visibility into the ultimate scope, pace, and direction of implementation, and the potential impact of these regulatory changes on the Company’s business, financial condition, and results of operations cannot be determined with any degree of certainty at this time.

Conference Call

X Financial’s management team will host an earnings conference call at 8:30 AM U.S. Eastern Time on March 26, 2026 (8:30 PM Beijing / Hong Kong Time on March 26, 2026).

Dial-in details for the earnings conference call are as follows:

Please dial in ten minutes before the call is scheduled to begin and provide the passcode to join the call.  A replay of the conference call may be accessed by phone at the following numbers until April 2, 2026:

 Additional Information

This press release contains highlights only. For the Company’s complete financial results and management’s discussion and analysis for the fourth quarter and fiscal year ended December 31, 2025, please refer to the Form 6-K filed with the U.S. Securities and Exchange Commission on March 25, 2026.

About X Financial

X Financial (NYSE: XYF) (the “Company”) is a leading Chinese fintech platform. The Company is committed to connecting borrowers on its platform with its institutional funding partners. With its proprietary big data-driven technology, the Company has established strategic partnerships with financial institutions across multiple areas of its business operations, enabling it to facilitate and originate loans to prime borrowers under a risk assessment and control system.

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

Use of Non-GAAP Financial Measures

In evaluating our business, we consider and use non-GAAP measures as supplemental measures to review and assess our operating performance. We present the non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We believe that the use of the non-GAAP financial measures facilitates investors’ assessment of our operating performance and help investors to identify underlying trends in our business that could otherwise be distorted by the effect of certain income or expenses that we include in income (loss) from operations and net income (loss). We also believe that the non-GAAP measures provide useful information about our core 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.

We use in this press release the following non-GAAP financial measures: (i) adjusted net income (loss), (ii) adjusted net income (loss) per basic ADS, (iii) adjusted net income (loss) per diluted ADS, (iv) adjusted net income (loss) per basic share, and (v) adjusted net income (loss) per diluted share, each of which excludes share-based compensation expense, impairment losses on financial investments, income (loss) from financial investments, gain (loss) from financial investments at equity method and impairment losses on long-term investments. These non-GAAP financial measures have limitations as analytical tools, and when assessing our operating performance, investors should not consider them in isolation, or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP.

We mitigate these limitations by reconciling the non-GAAP financial measures to the most directly comparable U.S. GAAP financial measures, which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP results” set forth at the end of this press release.

Exchange Rate Information

This press release contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.9931 to US$1.00, the exchange rate in effect as of December 31, 2025, as published in the Federal Reserve Board’s H.10 statistical release. Percentages stated in this release are calculated based on the RMB amounts.

Disclaimer

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: the Company’s goals and strategies; its future business development, financial condition and results of operations; the expected growth of the credit industry, and marketplace lending in particular, in China; the demand for and market acceptance of its marketplace’s products and services; its ability to attract and retain borrowers and investors on its marketplace; its relationships with its strategic cooperation partners; competition in its industry; and relevant government policies and regulations relating to the corporate structure, business and industry. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update such information, except as required under applicable law.

Use of Projections

This announcement also contains certain financial forecasts (or guidance) with respect to the Company’s projected financial results. The Company’s independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections or guidance for the purpose of their inclusion in this announcement, and accordingly, they did not express an opinion or provide any other form assurance with respect thereto for the purpose of this announcement. This guidance should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of the Company, or that actual results will not differ materially from those set forth in the prospective financial information. Inclusion of the prospective financial information in this announcement should not be regarded as a representation by any person that the results contained in the prospective financial information will actually be achieved. You should review this information together with the Company’s historical information.

Frost & Sullivan recognizes Ubiquity for advancing customer experience through transparency and reliability, delivering measurable outcomes via integrated BPO services and embedded AI capabilities.

SAN ANTONIO, March 26, 2026 /PRNewswire/ — Frost & Sullivan is pleased to announce that Ubiquity has been presented with the 2026 North American Enabling Technology Leadership Recognition in the customer experience (CX) management sector for advancing AI-enabled CX innovation, strengthening operational execution, and delivering measurable commercial impact. This recognition highlights Ubiquity’s consistent leadership in driving measurable outcomes, strengthening its market position, and delivering customer-centric innovation in an evolving competitive landscape.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Ubiquity excelled in both, demonstrating its ability to align strategic initiatives with evolving demand for AI-augmented customer experience operations. “Frost & Sullivan highlights Ubiquity’s structured expansion methodology, which guides clients from initial validation through scaled deployment by tying growth decisions to clearly defined performance, governance, and readiness thresholds,” states Sebastian Menutti, Industry Director, ICT at Frost & Sullivan.

Guided by a long-term growth strategy focused on enhancing customer service experience, advancing AI-enabled CX innovation and intelligent operations and strengthening brand equity, Ubiquity has shown its ability to adapt and lead in a rapidly evolving landscape. The company’s strategic agility and sustained investment in integrated business process outsourcing (BPO) services and scalable, global delivery capabilities have enabled it to expand effectively across North America while supporting complex, regulated, and digital-first organizations.

Innovation remains central to Ubiquity’s approach. Its suite of integrated BPO services supports front-, middle- and back-office operations through bespoke CX solutions tailored to each client’s operating model and regulatory environment. The company embeds AI-powered quality assurance, sentiment analysis, agent assist, real-time analytics, and automation capabilities directly into delivery frameworks, ensuring practical adoption that drives measurable improvements and expands operational intelligence.

Ubiquity’s unwavering commitment to CX strengthens its position in the market. The company structures engagements around clear validation milestones that support responsible scaling and stage-gate efficiency. By combining human empathy with data-driven insights, Ubiquity enhances adaptability, efficiency in creative problem-solving, and multitier operational excellence. Its transparent onboarding processes, leadership accessibility, and collaborative delivery model reinforce accountability and long-term partnership value. AI-enabled performance visibility further strengthens transparency across ramp, steady-state delivery, and continuous improvement cycles.

Through consistent execution and measurable outcomes, Ubiquity builds customer trust and brand credibility across industries such as banking, fintech, healthcare, retail, and logistics. Rather than relying on standardized outsourcing models, the company designs bespoke AI-augmented CX programs that align with each client’s commercial objectives, regulatory requirements, and customer expectations. This disciplined, technology-driven approach delivers both commercial impact and sustained reliability. “We believe the future of customer experience is built on the combination of intelligent technology, operational discipline, and human expertise,” said Matt Nyren, Co-Founder & CEO of Ubiquity. “This recognition reinforces our focus on delivering measurable outcomes for clients—helping them scale CX operations responsibly, improve service performance, and build durable customer trust.”

Frost & Sullivan commends Ubiquity for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s vision, innovation pipeline, and customer-first culture are shaping the future of CX management and driving tangible results at scale.

Each year, Frost & Sullivan presents the Enabling Technology Leadership Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. It recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices Recognition

Frost & Sullivan’s Best Practices Recognitions honor companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.

Contact us: Start the discussion. 

Contact

Camila Tinajero
E: camila.tinajero@frost.com

About Ubiquity

Headquartered in New York, New York, Ubiquity Global Services is a global provider of digital transformation, operations management, and customer experience. Ubiquity partners with leading enterprises to deliver operational excellence and innovation through advanced technology, proprietary platforms, and global delivery capabilities.

Learn more at ubiquity.com