Yiren Digital CEO subject to criminal measures in China probe

Yiren Digital Ltd. (NYSE: YRD) disclosed that its Executive Chairman and Chief Executive Officer, Ning Tang, has been subject to criminal compulsory measures by Chinese authorities, according to a police notice published Oct. 12, 2026.

The measures are connected to an investigation involving certain affiliates of the company's controlling shareholder. Yiren Digital said it has not received any official notice from the relevant authorities and is not in a position to comment on the nature, status, timeline, or potential outcome of the investigation or related legal proceedings.

The company acknowledged that the investigation and criminal compulsory measures imposed on Tang may impair or prevent him from performing his duties for an extended period. Yiren Digital also noted that while the investigation is not directly related to its business, it could generate negative publicity and materially and adversely affect the company's reputation, business, financial condition, and results of operations.

The Beijing-based company said its business continues to operate normally and that its Board of Directors and management will oversee operations while implementing contingency plans in response to developments related to the investigation.

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