Yiren Digital Reports Fourth Quarter and Fiscal Year 2020 Financial Results
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BEIJING, April 1, 2021 /PRNewswire/ Yiren Digital Ltd. (NYSE: YRD) ( Yiren Digital or the Company ), a leading comprehensive personal financial service platform in China, today announced its unaudited financial results for the fourth quarter and the fiscal year ended December 31, 2020.
On December 31, 2020, the Company entered into definitive agreements in relation to a business restructuring with CreditEase Holdings (Cayman) Limited ( CreditEase ), the controlling shareholder of the Company, to streamline the Company s service lines and reposition the Company as a comprehensive personal financial service platform (the Restructuring ). Upon the completion of the Restructuring, the Company has ceased control over the business (the Disposed Business ) currently operated by Hengcheng Technology Development (Beijing) Co., Ltd. ( Hengcheng ), a var