Yiren Digital Files 2023 Annual Report on Form 20-F

Rhea-AI Summary

Yiren Digital (NYSE: YRD), a leading AI-driven financial and lifestyle service provider in China, has filed its 2023 annual report on Form 20-F with the U.S. Securities and Exchange Commission (SEC) as of May 15, 2024. The report includes audited consolidated financial statements for the fiscal year ending December 31, 2023. Shareholders and holders of American depositary shares can request a free hard copy of the report. The full document is accessible on the company's website at https://ir.yiren.com/.

Positive

• Filing of the 2023 annual report on time enhances transparency and regulatory compliance.
• Provision of free hard copies of the report to shareholders and American depositary share holders shows commitment to investor relations.

Negative

• No detailed financial figures or performance metrics were disclosed in the press release, limiting insight into the company's financial health.
• The announcement lacks information on growth, revenue, or profitability, which could be perceived as a lack of significant positive developments.

BEIJING, May 15, 2024 /PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital" or the "Company"), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission on May 15, 2024. The annual report can be accessed on the Company's website at https://ir.yiren.com/ The Company will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and holders of American depositary shares upon request.

About Yiren Digital

Yiren Digital Ltd. is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in China. Our mission is to elevate customers' financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services. We support clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.

Safe Harbor Statement

This press release 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. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yiren Digital's ability to attract and retain borrowers and investors on its marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, PRC regulations and policies relating to the peer-to-peer lending service industry in China, general economic conditions in China, and Yiren Digital's ability to meet the standards necessary to maintain the listing of its ADSs on the NYSE or other stock exchange, including its ability to cure any non-compliance with the NYSE's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in Yiren Digital's filings with the U.S. Securities and Exchange Commission. 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

FAQ

What is the significance of Yiren Digital's 2023 annual report filing?

The filing of the 2023 annual report on Form 20-F enhances Yiren Digital's regulatory compliance and transparency with the U.S. SEC.

When did Yiren Digital file its 2023 annual report?

Yiren Digital filed its 2023 annual report on Form 20-F on May 15, 2024.

Where can investors access Yiren Digital's 2023 annual report?

Investors can access the 2023 annual report on Yiren Digital's website at https://ir.yiren.com/.

How can shareholders obtain a hard copy of Yiren Digital's 2023 annual report?

Shareholders can request a free hard copy of the 2023 annual report from Yiren Digital.

Does Yiren Digital provide financial statements in its annual report?

Yes, Yiren Digital's 2023 annual report includes audited consolidated financial statements.