The underlying assets of the ABSs are the loans extended by the Trust through Yirendai's online marketplace with a total principal amount of RMB300 million. Yirendai will continue to provide post-origination services with respect to the underlying assets. "We're pleased to see incremental progress in our innovative efforts in diversifying our sources of funding," said Mr. Dennis Cong, Chief Financial Officer of Yirendai. "We are staying focused on partnering with more financial institutions to optimize our funding structure, reduce our funding costs and better serve our dedicated customer segment." Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995.