Yunji Broadcasts Adjustments to Administration

HANGZHOU, China, Could 1, 2022 /PRNewswire/ — Yunji Inc. (“Yunji” or the “Firm”) (NASDAQ: YJ), a number one membership-based social e-commerce platform, right now introduced that Mr. Chengqi Zhang has resigned as Vice President of Finance of the corporate for private causes, efficient Could 6, 2022. Mr. Chengqi Zhang will proceed to serve the Firm as a guide, serving to to make sure his successor’s clean transition into his new position. Mr. Peng Zhang has been appointed as Vice President of Finance of the corporate, efficient the identical date as Mr. Chengqi Zhang’s resignation.

Mr. Shanglue Xiao, Chairman and Chief Govt Officer of Yunji, commented, “On behalf of Yunji and the Board, I wish to specific our due to Mr. Chengqi Zhang for his contributions and dedication to the Firm over the previous two years, particularly on the financing and capital market fronts. Mr. Peng Zhang is a veteran within the area of finance who efficiently led Yunji’s enterprise and finance evaluation crew for the earlier 4 years. He has been invaluable in his position implementing and executing our key methods throughout his time on the Firm. Working collectively, we’ll additional improve shareholder worth and preserve a gentle monetary efficiency.”

Mr. Peng Zhang has served as Yunji’s senior monetary director since 2018. Previous to becoming a member of the Firm, he served as director of economic planning and evaluation at Otis Electrical, a number one elevator and escalator manufacturing, set up, and repair firm, from 2016 to 2018, and as works controller on the similar firm from 2014 to 2015. Mr. Zhang was a monetary supervisor at Bosch Energy Instruments (China) Co., Ltd., a number one international provider of know-how and providers, from 2011 to 2013. Previous to that, he was a senior monetary analyst at Alipay (China) Community Know-how Co., Ltd., a subsidiary of Alibaba Group Holding Restricted, from 2010 to 2011. Mr. Zhang served as a monetary analyst at Hangzhou Huasan Communication Know-how Co., Ltd., from 2006 to 2010. Mr. Zhang acquired his bachelor’s diploma in enterprise administration and his grasp’s diploma in monetary administration from Xiamen College in 2003 and 2006 respectively.

About Yunji Inc.

Yunji Inc. is a number one social e-commerce platform in China that has pioneered a singular, membership-based mannequin to leverage the ability of social interactions. The Firm’s e-commerce platform presents high-quality merchandise at engaging costs throughout all kinds of classes catering to the day-to-day wants of Chinese language shoppers. As well as, the Firm makes use of superior applied sciences together with huge knowledge and synthetic intelligence to optimize person expertise and incentivize members to advertise the platform in addition to share merchandise with their social contacts. Via deliberate product curation, centralized merchandise sourcing, and environment friendly provide chain administration, Yunji has established itself as a reliable e-commerce platform with high-quality merchandise and unique membership advantages, together with discounted costs.

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Protected Harbor Statements

This announcement incorporates forward-looking statements. These statements are made below the “secure harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology akin to “will,” “expects,” “anticipates,” “goals,” “future,” “intends,” “plans,” “believes, ” “estimates,” “assured,” “potential,” “proceed” or different related expressions. Yunji may make written or oral forward-looking statements in its periodic reviews to the U.S. Securities and Trade Fee (the “SEC”), in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren’t historic information, together with however not restricted to statements about Yunji’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A variety of elements might trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: Yunji’s development methods; its future enterprise growth, outcomes of operations and monetary situation; its potential to grasp purchaser wants and supply services and products to draw and retain consumers; its potential to take care of and improve the popularity and fame of its model; its potential to depend on retailers and third-party logistics service suppliers to supply supply providers to consumers; its potential to take care of and enhance high quality management insurance policies and measures; its potential to determine and preserve relationships with retailers; developments and competitors in China’s e-commerce market; adjustments in its revenues and sure value or expense objects; the anticipated development of China’s e-commerce market; PRC governmental insurance policies and laws regarding Yunji’s trade, and common financial and enterprise circumstances globally and in China and assumptions underlying or associated to any of the foregoing. Additional info concerning these and different dangers is included in Yunji’s filings with the SEC. All info supplied on this press launch and within the attachments is as of the date of this press launch, and Yunji undertakes no obligation to replace any forward-looking assertion, besides as required below relevant regulation.

Investor Relations Contact

Yunji Inc.
Investor Relations
E mail: [email protected]
Cellphone: +1 (646) 224-6957

Robin Yang
E mail: [email protected]
Cellphone: +1 (646) 224-6957

SOURCE Yunji Inc.

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