Yiren Digital CEO Ning Tang faces criminal compulsory measures in affiliate probe, police notice says
YRD•Yiren Digital CEO Ning Tang was placed under criminal compulsory measures in a probe involving affiliates of its controlling shareholder. The company said it had not received official notice, warned of potential harm to its reputation, business and results, and said operations continue normally.
1. CEO faces restrictions
Yiren Digital said CEO Ning Tang was placed under criminal compulsory measures in a probe involving affiliates of its controlling shareholder. The company said it had not received an official notice from authorities and could not comment on the investigation’s nature, status or timeline.
2. Company assesses disruption
Yiren Digital said restrictions on Tang may prevent him from performing his duties for an extended period. It warned that potential legal proceedings could bring negative publicity and materially harm its reputation, business and results. Operations continue normally, and the board plans contingency steps to address possible governance or management disruption.
