BEIJING, Sept. 6,
2022 /PRNewswire/ -- Yiren Digital Ltd. ("Yiren
Digital" or the "Company") (NYSE: YRD), a leading digital personal
financial management platform in China, today announced that its board of
directors has adopted a share repurchase program, which approves
and authorizes the Company to repurchase through one or more
transactions up to US$20 million
worth of its own American depositary shares ("ADSs") representing
its ordinary shares. The share repurchase program previously
adopted by the Company in 2018 has been simultaneously
terminated.
The Company may effect the proposed share repurchase in
compliance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as
amended. The number of ADSs repurchased and the timing of
repurchases will depend on a number of factors, including, but not
limited to, share price, trading volume and general market
conditions, along with the Company's working capital requirements,
general business conditions and other factors. Yiren Digital's
board of directors will review the share repurchase program
periodically, and may modify, suspend or terminate the share
repurchase program at any time.
About Yiren Digital
Yiren Digital Ltd. is a leading digital personal financial
management platform in China. The
Company provides customized asset allocation based wealth management solutions to
China's mass affluent population
as well as utilizes online and offline channels to provide retail
credit facilitation services to individual borrowers and small
business owners.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates," "target,"
"confident" and similar statements. Such statements are based upon
management's current expectations and current market and operating
conditions and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and many of which are beyond Yiren Digital's control.
Forward-looking statements involve risks, uncertainties, and other
factors that could cause actual results to differ materially from
those contained in any such statements. All information provided in
this press release is as of the date of this press release, and
Yiren Digital does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
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SOURCE Yiren Digital