06:46 AM EDT, 07/21/2025 (MT Newswires) -- Lexinfintech Holdings ( LX ) said Monday its board has authorized a $50 million stock buyback plan, with the purchases to be made over the next 12 months.

Chief Executive Jay Wenjie Xiao plans to buy up to $10 million of Lexinfintech's ( LX ) American depositary shares within the next 12 months through his personal funds, the company added.

Lexinfintech ( LX ) shares were up nearly 11% in recent premarket activity.