The board of directors approved the initiative to manage capital structure, with repurchases occurring through open market transactions, block trades, or privately negotiated deals. Execution will be dictated by prevailing market prices, trading volume, and regulatory constraints, including potential participation in Rule 10b5-1 trading plans. The board retains the authority to adjust the program’s scope or terms based on evolving financial conditions.
In section Releases
Yiren Digital Authorizes $20 Million Share Buyback Plan
Beijing-based fintech firm Yiren Digital has authorized a new share repurchase program, targeting up to 10% of its outstanding ordinary shares and American depositary shares. The company plans to deploy $20 million over the next twelve months to buy back equity, drawing from its existing cash reserves.
This move follows recent shifts in the company's operational focus toward artificial intelligence. Having introduced its proprietary Zhiyu large language model and upgraded the MagiCube agent platform, Yiren Digital is pivoting toward an AI-native operating model. The company, which specializes in digital consumer lending and insurance, intends to use these technologies to drive growth beyond its traditional financial service offerings.
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