On December 31, 2020, Yiren Digital Inc. announced a management change. Mr. Michael Chunjiang Ji has resigned from his position as the Chief Risk Officer of the company for personal reasons, effective December 31, 2020, and the board of directors of the company has appointed Dr. George Liu, to replace Mr. Michael Chunjiang Ji as the company's Chief Risk Officer, effective December 31, 2020. Dr. Liu has decades of experience in data and risk management, both in China and the United States. Before joining the Company, he took a series of executive roles and built rich experience in entrepreneurship, including serving as the Chief Data Executive and VP for Mashang Consumer Finance, a leading consumer finance company in China. Dr. Liu worked at Capital One for over a decade where he served as the Senior Director of Decision Science and led the efforts of risk control for the company's credit card business before returning to China.