Yiren Digital Ltd. announced changes to its board of directors (the "Board") and management team. Mr. Jingsheng Huang, Yiren Digital'scurrent 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. 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.