Yiren Digital Launches $20M Repurchase Program For Up To 10% Shares
YRD•Yiren Digital's board authorized a new share repurchase plan allowing the buyback of up to 10% of its outstanding shares or ADSs for a maximum of $20 million over the next 12 months. The program permits open-market, block-trade and 10b5-1 plan purchases using existing cash balances.
1. Program Authorization
Yiren Digital's board has approved a share repurchase plan to repurchase up to 10% of its issued Ordinary Shares and American Depositary Shares, with a maximum commitment of $20 million over the next 12 months.
2. Purchase Mechanics
The company may execute repurchases through open-market transactions at prevailing prices, privately negotiated block trades or Rule 10b5-1 trading plans, with timing and volume dependent on market conditions, trading price and volume.
3. Strategic Rationale
Management expects to fund the repurchases from existing cash balances to enhance capital efficiency, support share price stability, and reflect confidence in Yiren Digital’s growth prospects in digital lending and AI-driven services.
