SCHEDULE 13G/A 0001104659-18-008201 0001730343 XXXXXXXX LIVE 1 Class A Ordinary Shares, par value US$0.0001 per share 12/31/2024 0001692705 Qudian Inc. 747798106 Building 1, Qudian Innovation Park, Meil Tongan District Xiamen, Fujian Province F4 361000 Rule 13d-1(d) QUFENQI HOLDING LIMITED D8 63491172.00 0.00 63491172.00 0.00 63491172.00 N 33.5 CO The beneficial ownership reported herein represents 63,491,172 Class B ordinary shares held by Qufenqi Holding Limited ("Qufenqi"). Qufenqi is ultimately wholly owned by a trust of which Mr. Min Luo and his spouse are the beneficiaries. Accordingly, each of Mr. Min Luo and Qufenqi may thereby be deemed to beneficially own the 63,491,172 Class B ordinary shares held by Qufenqi. Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Upon any transfer of Class B ordinary shares by a holder to any person or entity which is not an affiliate of such holder, such Class B ordinary shares shall be automatically and immediately converted into the equivalent number of Class A ordinary shares. The percentages used in this Schedule 13G/A are calculated based on a total of 125,912,679 Class A ordinary shares and 63,491,172 Class B ordinary shares of the Issuer issued and outstanding as of March 31, 2024, as reported in the Issuer's annual report on Form 20-F filed on April 29, 2024, assuming conversion of all outstanding Class B ordinary shares into the same number of Class A ordinary shares. Beneficial ownership information is presented as of December 31, 2024. Min Luo F4 66327372.00 0.00 66327372.00 0.00 66327372.00 N 35.0 IN The beneficial ownership reported herein represents (i) 2,836,200 Class A ordinary shares held by the spouse of Mr. Min Luo and (ii) 63,491,172 Class B ordinary shares held by Qufenqi. Qufenqi is ultimately wholly owned by a trust of which Mr. Min Luo and his spouse are the beneficiaries. Accordingly, each of Mr. Min Luo and Qufenqi may thereby be deemed to beneficially own the 63,491,172 Class B ordinary shares held by Qufenqi. Each Class B ordinary share is convertible into one Class A ordinary share at any time at the option of the holder thereof. Class A ordinary shares are not convertible into Class B ordinary shares under any circumstances. Upon any transfer of Class B ordinary shares by a holder to any person or entity which is not an affiliate of such holder, such Class B ordinary shares shall be automatically and immediately converted into the equivalent number of Class A ordinary shares. The percentages used in this Schedule 13G/A are calculated based on a total of 125,912,679 Class A ordinary shares and 63,491,172 Class B ordinary shares of the Issuer issued and outstanding as of March 31, 2024, as reported in the Issuer's annual report on Form 20-F filed on April 29, 2024, assuming conversion of all outstanding Class B ordinary shares into the same number of Class A ordinary shares. Beneficial ownership information is presented as of December 31, 2024. Qudian Inc. Building 1, Qudian Innovation Park, Meilin Street, Tongan District, Xiamen, Fujian Province, F4, 361000 (i) Qufenqi Holding Limited ("Qufenqi"), a limited liability company established in the British Virgin Islands; and (ii) Min Luo. (i) The address of the principal business office of Min Luo is Building 1, Qudian Innovation Park, Meilin Street, Tongan District, Xiamen, Fujian Province, China. (ii) The registered address of Qufenqi is Geneva Place, Waterfront Drive, P.O. Box 3469, Road Town, Tortola, British Virgin Islands. (i) Min Luo - People's Republic of China (ii) Qufenqi - British Virgin Islands Y See Row 9 of the cover page for each Reporting Person. See Row 11 of the cover page for each Reporting Person. Percent of class is calculated based on a total of 125,912,679 Class A ordinary shares and 63,491,172 Class B ordinary shares of the Issuer issued and outstanding as of March 31, 2024, as reported in the Issuer's annual report on Form 20-F filed on April 29, 2024, assuming conversion of all outstanding Class B ordinary shares into the same number of Class A ordinary shares. See Row 5 of the cover page for each Reporting Person. See Row 6 of the cover page for each Reporting Person. See Row 7 of the cover page for each Reporting Person. See Row 8 of the cover page for each Reporting Person. Y Y Y Y Y Y Exhibit 99.1 Joint Filing Agreement QUFENQI HOLDING LIMITED /s/ Min Luo 02/12/2025 Min Luo /s/ Min Luo 02/12/2025