Group 1 - Company announced a management restructuring, appointing Ye Dichi as the independent non-executive director and chairman, effective immediately, while Zhao Rongshi remains as CEO [2][3] - The restructuring aims to separate the roles of CEO and chairman to comply with listing rules and enhance board independence [3] - Ye Dichi has extensive experience, having served in various senior roles in financial institutions, including HSBC and Ping An Insurance [4][5] Group 2 - Zhu Peiqing resigned as CFO and was replaced by Xi Tongzhuan, effective April 23, 2025 [7] - Xi Tongzhuan has a strong background in finance, previously holding positions at Ping An Group and consulting firms [7] - A special committee has been formed to oversee the enhancement of the company's internal control systems [8] Group 3 - An independent investigation was initiated due to concerns raised by PwC regarding certain transactions, covering the period from January 1, 2022, to December 31, 2024 [11][12] - The investigation found that transactions were aimed at compensating retail investors for losses rather than for the purposes stated in previous communications [13] - The company has agreed to a compensation arrangement with related parties, sharing losses at a ratio of 70% to 30% [18] Group 4 - As of December 31, 2024, the total outstanding loan balance was RMB 216.9 billion, a decrease of 31.2% from RMB 315.4 billion a year earlier [19] - The company reported a 47.6% increase in new loans issued in the fourth quarter of 2024 compared to the same period in 2023 [20] - The number of borrowers increased by 23.6% year-over-year, reaching approximately 25.9 million by December 31, 2024 [21] Group 5 - The company’s 30-day overdue rate for loans was 4.8% as of December 31, 2024, down from 5.2% in the previous quarter [23] - The first quarter of 2025 saw a 24.6% decrease in total outstanding loans compared to the same period in 2024 [24] - The company’s NPL rate for consumer finance loans remained stable at 1.2% as of March 31, 2025 [28]