Yirendai Announces Pricing of Initial Public Offering

BEIIJING, Dec. 18, 2015 /PRNewswire/ -- Yirendai Ltd. (NYSE: YRD) ("Yirendai" or the "Company"), a leading online consumer finance marketplace in China, today announced that it has priced its initial public offering of 7,500,000 American depositary shares ("ADSs") at US$10.0 per ADS for a total offering size of US$75.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents two ordinary shares of the Company. The ADSs will begin trading on the New York Stock Exchange ("NYSE") today under the ticker symbol "YRD."

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,125,000 additional ADSs.

Morgan Stanley & Co. International plc, Credit Suisse Securities (USA) LLC, China Renaissance Securities (Hong Kong) Limited, and Needham & Company, LLC are acting as joint bookrunners, for the offering.

Yirendai's registration statement relating to the offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor will there be any sale of these securities in any state or jurisdiction in which it would be unlawful prior to registration or qualification under the securities laws of the state or jurisdiction.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting

Morgan Stanley& Co. International plc Prospectus Department180 Varick Street, 2nd FloorNew York, NY, 10014United States of America+1-866-718-1649[email protected];

Credit Suisse Securities (USA) LLC, Attention: Prospectus DepartmentOne Madison Avenue, New York, NY 10010, +1-800-221-1037 [email protected];

China Renaissance Securities (HK) LimitedUnit 8107-08, Level 81, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong.+852-2287-1600

About Yirendai Ltd.

Yirendai (NYSE: YRD) is a leading online consumer finance marketplace in China connecting investors and individual borrowers. The Company provides an effective solution to address largely underserved investor and individual borrower demand in China through an online platform that automates key aspects of its operations to efficiently match borrowers with investors and execute loan transactions. Yirendai deploys a proprietary risk management system, which enables the Company to effectively assess the creditworthiness of borrowers, appropriately price the risks associated with borrowers, and offer quality loan investment opportunities to investors. Yirendai's online marketplace provides borrowers with quick and convenient access to consumer credit at competitive prices and investors with easy and quick access to an alternative asset class with attractive returns.

For more information, please visit http://yirendai.investorroom.com

For investor and media inquiries, please contact:

Christensen

In ChinaMr. Christian ArnellPhone: +86-10- 5900-1548E-mail: [email protected]

In USMs. Linda BergkampPhone: +1-480-614-3004Email: [email protected]

SOURCE Yirendai Ltd.