Yunji Announces Plan to Implement ADS Ratio Change

HANGZHOU, China, Sept. 11, 2024 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.000005 per share, from the current ADS Ratio of one (1) ADSs to one hundred (100) Class A ordinary shares to a new ADS Ratio of one (1) ADS to four hundred (400) Class A ordinary shares. A post-effective amendment to the ADS Registration Statement on Form F-6 will be filed with the SEC to reflect the change in the ADS Ratio. The Company anticipates that the change in the ADS Ratio will be effective on or about September 13, 2024, subject to the effectiveness of the post-effective amendment to the ADS Registration Statement on Form F-6 on or before that date.

For Yunji's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-four reverse ADS split, effective on or about September 13, 2024. Each ADS holder will be required to surrender and exchange every four (4) existing ADSs then held for one (1) new ADS on the date when the change in ADS Ratio is effective. Deutsche Bank Trust Company Americas, as the depositary bank for Yunji's ADS program, will arrange for the exchange of the current ADSs for the new ones. Yunji's ADSs will continue to be traded on the Nasdaq Capital Market under the symbol "YJ".