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Yiren Digital Ltd.
Yiren Digital announced that its operations remain independent and unaffected by the ongoing investigation involving its controlling shareholder. The company reaffirmed its commitment to the $20 million share repurchase program authorized on July 2, 2026, supported by $250 million in cash and cash equivalents as of June 30, 2026.…more
Yiren Digital Ltd.
Yiren Digital's Executive Chairman and CEO, Ning Tang, has been subjected to criminal compulsory measures in connection with an investigation involving affiliates of the company's controlling shareholder. In response, the company appointed Na Mei as Acting CEO, effective October 13, 2026, to ensure management continuity and operational stability.…more
Yiren Digital Ltd.
Yiren Digital reported net revenue of $131.2 million and a net loss of $66.3 million for the second quarter of 2026, reflecting a decline compared to the previous year. The company attributed the results to reduced loan facilitation volume due to regulatory changes and impairment charges, while authorizing a new share repurchase program of up to $20 million over the next 12 months.…more
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Yiren Digital Reaffirms Operational Independence and Share Repurchase Program Amid Affiliate Investigation…more
Yiren Digital stated that the investigation involving its controlling shareholder's affiliates is unrelated to its own business operations, emphasizing its independence. The company also reaffirmed its commitment to continuing its previously authorized $20 million share repurchase program.…more
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Yiren Digital has appointed former CFO Na Mei as Acting CEO, effective immediately, to ensure management continuity. Mei brings extensive experience in financial management and auditing to oversee the company's daily operations.…more
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Yiren Digital's CEO Ning Tang is subject to criminal compulsory measures related to an investigation into controlling shareholder affiliates, potentially hindering his ability to lead. The company stated it is currently operating normally but warned that the investigation could negatively impact its reputation and financial results.…more
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