BEIJING, Dec. 27, 2019 /PRNewswire/ -- Yiren Digital Ltd.
(NYSE: YRD) ("Yiren Digital" or the "Company"), a leading fintech
company in China, announced today
changes to its board of directors (the "Board") and management
team.
Mr. Jingsheng Huang, Yiren Digital's current independent director, will become a senior
advisor to CreditEase, the Company's parent company and controlling
shareholder, and jointly manage the new Impact Investment Fund for
CreditEase Wealth Management Division.
Mr. Huang will remain as a director of the
Board but no longer serve as
an independent member of the Board, including as a member of all
committees of the Board on which he
served, effective January 1, 2020. To fill the
independent director vacancy, the
Board welcomes the appointment of Mr. Hao Li as an independent
director of the Company and as a member of the Audit Committee, the
Compensation Committee and the Nominating and Corporate Governance
Committee of the Board, effective
January 1, 2020. Upon the effectiveness of his appointment, Mr. Li
will perform his duties as an independent member of the Board and
the three board committees mentioned above.
Mr. Li is the founder and chairman of the board of CTG Group, a
human resource services provider in China. As a well-regarded business entrepreneur, Mr. Li founded CTG Group in
his early twenties in 2003 and developed the company into a
leading human resource management company
in China that has served
over 25,000 corporate clients covering 500 cities over the past 16
years.
Mr. Ning Tang, CEO of the Company
and Executive Chairman of the Board, commented, "On behalf of the
Board, I welcome Mr. Li to our board. Mr. Li has extensive
experiences in business operations and enterprise services. We
think his joining is highly complementary to the skills and
experience of our existing board members and expect that he will
provide valuable insights to our business."
In addition, Ms. Joanne Liu has
resigned from her role as the Chief Financial Officer of the
Company for personal reasons and Mr. Zhong
Bi has been appointed as the new Chief Financial Officer of
the Company, effective immediately. Mr. Bi joins the Company from
HSBC Bank (Singapore) where he
served as the National Head of Business Finance. As a veteran in
global retail banking and wealth management, Mr. Bi had been
working for HSBC for 14 years, serving multiple senior positions,
including Head of Analytics at HSCB Mexico Retail Banking, Director
of Global Retail Products Pricing and Portfolio Management and
Business Development at HSBC USA.
"We are very pleased to welcome Mr. Bi to Yiren Digital and with
his comprehensive experience in
finance operation management and planning, we believe that he will
bring strong financial operation expertise to the company," said
Mr. Tang. "We also thank Joanne for her outstanding work and
tremendous contributions to the company over the past five years.
And we wish her success and happiness as she moves to the next
chapter of her life."
About Yiren Digital
Yiren Digital Ltd. (NYSE: YRD) is a leading fintech company in
China,
providing both credit and wealth management services. For its
credit business, the Company provides an effective solution
to address largely underserved investor and individual borrower
demand in China through online and
offline channels to efficiently match borrowers with investors and
execute loan transactions. Yiren Digital 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. Yiren Digital's 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 its wealth management business, the
Company targets China's mass
affluent population and strives to provide customized wealth
management services, with a combination of long-term and short-term
targets as well as different types of investments, ranging from
cash and fixed-income assets, to funds and insurance. For
more information, please visit ir.Yirendai.com.
About CreditEase
Founded in 2006, CreditEase is a Beijing-based world-leading fintech
conglomerate in China. It
specializes in inclusive finance and wealth management with a
dominant position in credit technology, wealth management
technology, insurance technology, etc. Main business sectors of
CreditEase include Yiren Digital, CreditEase Wealth Management and
CreditEase Insurance.
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SOURCE Yiren Digital