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WTF vs YRD

Waton Financial Limited Ordinary Shares and Yiren Digital Ltd.

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Waton Financial Limited Ordinary Shares

Waton Financial Limited provides securities brokerage and financial technology services. The company offers securities brokerage services for securities listed on the Hong Kong Stock Exchange, including shares under the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, the New York Stock Exchange, and the Nasdaq Stock Market; margin financing services; and other ancillary services through electronic trading platform to its corporate and individual brokerage customers, as well as bond distribution services. It also provides software licensing and related support services comprising the licensing of trading platform APP, upgrades and enhancements, maintenance, and other related services to financial institutions; and integrated and customizable software solutions to develop trading platform APP that cover the front-, middle-, and back-office operations of securities brokerage business, such as electronic trade order placing, customer relationship management and operational data management, and securities order clearing and settlement services that enables the securities broker customers to digitalize and streamline their business operations and interact with the financial market. The company was formerly known as IAM Group Inc. and changed its name to Waton Financial Limited in July 2023. Waton Financial Limited was founded in 1989 and is based in Kowloon City, Hong Kong. Waton Financial Limited is a subsidiary of Waton Corporation Limited.

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Yiren Digital Ltd.

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs. It supports clients at various growth stages, addressing financing needs arising from consumption and production activities, and augmenting the well-being and security of individuals, families, and businesses. The company was formerly known as Yirendai Ltd. and changed its name to Yiren Digital Ltd. in September 2019. The company was founded in 2012 and is based in Beijing, the People's Republic of China. Yiren Digital Ltd. operates as a subsidiary of CreditEase Holdings (Cayman) Limited.

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