Yiren Digital Provides Update on Its CEO and Operations

Yiren Digital disclosed that a police notice published October 12 states CEO and Executive Chairman Ning Tang has been subjected to criminal compulsory measures in an investigation involving certain affiliates of the company's controlling shareholder. The company says it has received no official notice and cannot comment on the nature, status or outcome of the investigation, which is not directly related to its business. Yiren warned the measures may impair Tang's ability to perform his duties for an extended period and could materially and adversely affect its reputation, business, financial condition and results of operations.

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