Yiren Digital Provides Update on Operational Independence Amid Controlling Shareholder Investigation
Yiren Digital Ltd. (NYSE: YRD) has provided an update regarding its operations amid ongoing investigations involving certain affiliates of the company's controlling shareholder. The firm emphasized that it maintains operational independence and continues to function normally, with no direct connection between the investigation and its business activities. The company also disclosed a provision for credit losses on related-party loan receivables in its Q2 2026 financial results due to concerns over recoverability. Yiren Digital reaffirmed its commitment to transparency and compliance while continuing to assess any further financial impact from recent developments. Additionally, the firm reiterated plans to proceed with its $20 million share repurchase program authorized by its board in July 2026, supported by a cash reserve of approximately RMB1.7 billion (US$250 million) as of June 30, 2026.