Beijing – October 12, 2026 -- Yiren Digital Ltd. (NYSE: YRD) said its Executive Chairman and CEO, Ning Tang, has been subject to criminal compulsory measures and may be unable to perform his duties for an extended period.
Police notice cites probe into affiliates of controlling shareholder
The Company said it learned of a police notice published on October 12, 2026. The notice states that Tang is subject to the measures in connection with an investigation involving certain affiliates of Yiren Digital's controlling shareholder.
Yiren Digital has received no official notice from the relevant authorities. It said it cannot comment on the nature, status, timeline or potential outcome of the investigation or any related legal proceedings.
Company flags reputational and financial exposure
Yiren Digital said the investigation, any related legal proceedings and any resulting enforcement actions are not directly related to its business. It warned, however, that they could generate negative publicity and materially and adversely affect its reputation, business, financial condition and results of operations.
The Company said the measures may impair or prevent Tang from carrying out his roles as Executive Chairman and CEO. It did not name an interim successor or give a timeline for any leadership change.
Board and management to oversee operations under contingency plans
Yiren Digital said it maintains normal business operations and remains committed to regulatory compliance on its platform. Its Board of Directors and management will continue to oversee operations.
The Company said it will implement appropriate contingency plans in response to developments in the investigation and any potential impact on management, operations and governance.