Exciplex emitters have been extensively studied owing to their natural thermally activated delayed fluorescence characteristic, and many efforts have been made to improve their performance in organic light emitting diodes (OLEDs). In this work, the authors propose a novel strategy by introducing intermolecular hydrogen bond (HB) between electron‐donating and electron‐accepting constituting molecules (D and A) to suppress non‐radiative transition of exciplex emitters and thus improve their efficiencies and stabilities in the OLEDs. Accordingly, three exciplex emitters are constructed by using 1,3‐di(10H‐phenoxazin‐10‐yl)benzene (13PXZB) as donor and 4,6‐bis(3,5‐di(pyridin‐4‐yl)phenyl)‐2‐methylpyrimidine (B4PyMPM), 4,6‐bis(3,5‐di(pyridin‐3‐yl)phenyl)‐2‐methylpyrimidine (B3PyMPM), and 4,6‐bis(3,5‐di(pyridin‐2‐yl)phenyl)‐2‐methylpyrimidine (B2PyMPM) as acceptors. With the most intermolecular HBs, 13PXZB:B4PyMPM shows the highest photoluminescence quantum yield (69.6%) and the lowest rate constant of non‐radiative process of triplet excitons (3.4 × 105 S−1). And the OLED using 13PXZB:B4PyMPM as the emitter successfully exhibits a much higher external quantum efficiency of 14.6% than other contrastive devices. Moreover, the half lifetime of 13PXZB:B4PyMPM is 4.8 and 8.2 times higher than those of 13PXZB:B3PyMPM and 13PXZB:B2PyMPM in the devices. This work not only demonstrates that intermolecular HBs between D and A molecules can improve the performance of exciplex emitters, but also paves a new route to develop efficient and stable exciplex emitters.