Yirendai Ltd. announced that business realignment transactions with CreditEase were successfully closed on July 10, 2019. Mr. Ning Tang, the executive chairman of Yirendai and the founder, chairman and Chief Executive Officer of CreditEase, has assumed the Chief Executive Officer role of Yirendai upon the closing of the transactions. Ms. Yihan Fang has resigned from her position as Chief Executive Officer of the Company and Yiren Wealth, a business division of the Company, for personal reasons.

Dr. Yichuan Pei has resigned from his position as Chief Risk Officer of the Company for personal reasons. Mr. Huan Chen, Board of Director, will assume the position of Chief Risk Officer of the Company, while he will continue to serve as Chief Strategy Officer at CreditEase. Ms. Yihan Fang has resigned from her position as Chief Executive Officer Yiren Wealth, a business division of the Company, for personal reasons.

Ms. Xiao Shang will assume the role of Chief Executive Officer of Yiren Wealth, while she will continue to serve as a senior vice president at CreditEase Wealth Management. Ms. Wei Wang will assume the role of Chief Executive Officer of Yiren Credit.