Yiren Digital Announces CEO Under Criminal Investigation
Yiren Digital Ltd., a financial technology and artificial intelligence company listed on the New York Stock Exchange, announced that its Executive Chairman and Chief Executive Officer, Mr. Ning Tang, has been subjected to criminal compulsory measures in connection with an investigation involving certain affiliates of the Company's controlling shareholder. The firm stated it is not aware of any official notice from authorities regarding the nature or status of the investigation but noted that this situation may prevent Mr. Tang from performing his duties for a prolonged period. The company emphasized its commitment to maintaining normal business operations and regulatory compliance, while also acknowledging potential reputational damage and adverse effects on its financial condition. Yiren Digital is currently relying on its Board of Directors and management team to oversee the Company's ongoing activities and implement contingency plans in response to any developments related to this matter.
Topics: corporate_governance financial_technology legal
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