Yiren Digital releases updates on its CEO and operational status
PR Newswire
10-13 05:21
Ai Focus
Yiren Digital indicates that the company has been informed of a police notice stating that its Executive Chairman and CEO, Ning Tang, has been subject to criminal coercive measures due to his involvement in an investigation involving some related parties of the company's controlling shareholders. The company stated that it has not yet received any official notification regarding the investigation and is therefore unable to comment on the nature, progress, timeline, or possible outcomes of the investigation at this time. The company also mentioned that its business operations are continuing as normal, and that the board of directors and management will continue to supervise operations and develop contingency plans accordingly.
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Beijing, October 12, 2026 / PRNewswire / -- Yiren Digital Ltd (New York Stock Exchange ticker: YRD) (hereinafter referred to as “Yiren Digital” or “the Company”) announced today that it has become aware of a police notice issued on October 12, 2026, stating that Mr. Ning Tang, the Company’s Chairman and Chief Executive Officer, has been subject to criminal coercive measures in connection with an investigation involving some related parties of the Company’s controlling shareholders. The Company has not yet received any official notification from the relevant authorities regarding this investigation; therefore, it is currently unable to comment on the nature, progress, timeline, or possible outcomes of this investigation, nor on any related legal proceedings.

The investigation and the criminal coercive measures taken against Mr. Ning Tang may affect or prevent him from fulfilling his duties as the Chairman and CEO of the company for an extended period. Furthermore, although the investigation, any related legal proceedings, and any law enforcement actions that may result are not directly related to the company's business, they could still lead to negative public opinion and have a significant adverse impact on the company's reputation, business, financial condition, and operating performance.

The company maintains the normal operation of its business and continues to be committed to ensuring regulatory compliance on the platform. The company's board of directors and management will continue to supervise the company's operations and will implement appropriate emergency plans based on the progress of the investigation and its potential impact on the company's management, operations, and governance.

About Yiren Digital

Yiren Digital Ltd is a leading enterprise that focuses on fintech and artificial intelligence innovation in multiple industries across China and the global market. The company utilizes advanced artificial intelligence and emerging technologies to enhance customer experience, optimize capital efficiency, and expand financial inclusivity. With the completion of regulatory filings for its self-developed large language model “Zhiyu” and the significant enhancement of its MagiCube Agent platform, Yiren Digital is building new growth engines and accelerating its evolution towards a AI native, multi-industry operation platform that surpasses traditional financial services. For more information, please visit https://ir.yiren.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by words such as “intended to”, “expected”, “believed”, “estimated”, “anticipated”, “hoped”, “future”, “intended”, “should”, “planned”, “expected”, “potential”, “seeking”, “possible”, “may”, “able to”, “will”, “shall”, “should”, “likely”, and their negative forms, as well as other similar expressions. This press release also contains forward-looking statements as defined by Section 21E of the Securities Exchange Act of 1934 and further defined by the U.S. Private Securities Litigation Reform Act of 1995. Such statements can be identified by phrases like “will”, “expected”, “anticipated”, “future”, “intended”, “planned”, “believed”, “estimated”, “goal”, “confident”, and similar expressions. Forward-looking statements are based on management’s current expectations, assumptions, and assessments of the current market and operating conditions. These statements involve inherent risks, uncertainties, and other factors, many of which are beyond the company’s control and may result in significant differences between actual results and those expressed or implied in these statements. Due to various factors described in the company’s filings with the U.S. Securities and Exchange Commission and other risks, actual results may differ significantly from those expressed or implied in the forward-looking statements. All forward-looking statements are as of the date of this press release. Except as required by applicable law, the company assumes no obligation and explicitly declares that it has no obligation to update or revise any forward-looking statements due to new information, future events, or other reasons.

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