YJ

Yunji Announces Appointment of New Independent Director

Retrieved on: 
Monday, January 1, 2024

Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, commented, "We are delighted to welcome Mr. Chen Chen to continue contributing his expertise and industry insights to Yunji.

Key Points: 
  • Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, commented, "We are delighted to welcome Mr. Chen Chen to continue contributing his expertise and industry insights to Yunji.
  • Mr. Chen Chen has served as a director of ATRenew Inc. ("ATRenew") (NYSE: RERE) since May 2021.
  • Prior to joining ATRenew, Mr. Chen served as the chief financial officer of Yunji Inc. from May 2018 to December 2020.
  • Mr. Chen currently also serves as an independent director and the chairman of the audit committee of Q&K International Group Limited, and an independent non-executive director and the chairman of the audit committee of Zhou Hei Ya International Holdings Company Limited (HKEx: 1458).

Yunji Announces Third Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, December 14, 2023

HANGZHOU, China, Dec. 14, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the third quarter ended September 30, 2023[1].

Key Points: 
  • HANGZHOU, China, Dec. 14, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the third quarter ended September 30, 2023[1].
  • Total revenues in the third quarter of 2023 were RMB145.2 million (US$19.9 million), compared with RMB238.9 million in the same period of 2022.
  • These concerted efforts have established a robust foundation for our sustainable development in a dynamic market," said Mr. Yeqing Cui, Senior Financial Director of Yunji.
  • Yunji encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

Yunji to Report Third Quarter 2023 Financial Results on December 14, 2023

Retrieved on: 
Wednesday, December 6, 2023

HANGZHOU, China, Dec. 6, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it plans to release its third quarter 2023 financial results before the market opens on Thursday, December 14, 2023.

Key Points: 
  • HANGZHOU, China, Dec. 6, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it plans to release its third quarter 2023 financial results before the market opens on Thursday, December 14, 2023.
  • The earnings release will be available on the Company's investor relations website at https://investor.yunjiglobal.com/ .
  • The Company will hold a conference call on Thursday, December 14, 2023 at 6:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time to discuss its earnings.
  • Listeners may access the call by dialing the following numbers:

Yunji Announces Receipt of Nasdaq Notice

Retrieved on: 
Monday, October 9, 2023

HANGZHOU, China, Oct. 9, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated October 5, 2023, indicating that because the closing bid price of the Company's American Depositary Shares ("ADSs") for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement, set forth in Nasdaq Listing Rule 5450(a)(1).

Key Points: 
  • HANGZHOU, China, Oct. 9, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated October 5, 2023, indicating that because the closing bid price of the Company's American Depositary Shares ("ADSs") for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement, set forth in Nasdaq Listing Rule 5450(a)(1).
  • Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until April 2, 2024.
  • The Company intends to monitor the closing bid price of its ADSs between now and April 2, 2024 and is considering its options in order to regain compliance with the Nasdaq minimum bid price requirement.
  • The Company intends to cure the deficiency within the prescribed grace period.

Yunji Announces Changes to Board Composition

Retrieved on: 
Wednesday, September 6, 2023

HANGZHOU, China, Sept. 6, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced the appointment of Mr. Xuefeng Chen as an independent director of the Company, effective September 6, 2023.

Key Points: 
  • HANGZHOU, China, Sept. 6, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced the appointment of Mr. Xuefeng Chen as an independent director of the Company, effective September 6, 2023.
  • Mr. Xuefeng Chen will serve as a member on each of these committees.
  • Prior to joining Tiantu, Mr. Chen served as a vice president of Shenzhen Jinxin Industrial Group from 2012 to 2015.
  • Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, commented, "We are delighted to welcome Mr. Xuefeng Chen to Yunji.

Yunji Announces Second Quarter 2023 Unaudited Financial Results

Retrieved on: 
Thursday, August 24, 2023

HANGZHOU, China, Aug. 24, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the second quarter ended June 30, 2023[1].

Key Points: 
  • HANGZHOU, China, Aug. 24, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced its unaudited financial results for the second quarter ended June 30, 2023[1].
  • Total revenues in the second quarter of 2023 were RMB167.1 million (US$23.0 million), compared with RMB284.0 million in the same period of 2022.
  • Total cost of revenues, which mainly comprises of the costs related to the sales of merchandise, decreased accordingly in the second quarter of 2023.
  • Yunji encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

Yunji to Report Second Quarter 2023 Financial Results on August 24, 2023

Retrieved on: 
Thursday, August 17, 2023

HANGZHOU, China, Aug. 17, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it plans to release its second quarter 2023 financial results before the market opens on Thursday, August 24, 2023.

Key Points: 
  • HANGZHOU, China, Aug. 17, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it plans to release its second quarter 2023 financial results before the market opens on Thursday, August 24, 2023.
  • The earnings release will be available on the Company's investor relations website at https://investor.yunjiglobal.com/ .
  • The Company will hold a conference call on Thursday, August 24, 2023 at 7:30 A.M. Eastern Time or 7:30 P.M. Beijing/Hong Kong Time to discuss its earnings.
  • Listeners may access the call by dialing the following numbers:

Jeep® Graphic Studio Launches Jurassic Park Package to Celebrate 30th Anniversary of Original 1993 Film

Retrieved on: 
Wednesday, August 2, 2023

"This exclusive Jurassic Park Package gives fans and Jeep brand enthusiasts alike the chance to make their Jeep 4x4 vehicle unique reflecting both their personality and pride of ownership."

Key Points: 
  • "This exclusive Jurassic Park Package gives fans and Jeep brand enthusiasts alike the chance to make their Jeep 4x4 vehicle unique reflecting both their personality and pride of ownership."
  • The Jeep brand and the Jurassic World franchise have an enduring shared history beyond the 1993 film.
  • In addition, in the summer 2022, the Jeep brand partnered with Universal Pictures to launch a global marketing campaign to celebrate the epic film "Jurassic World Dominion."
  • "Jurassic Park" and "Jurassic World" Universal City Studios LLC and Amblin Entertainment, Inc. All Rights Reserved.

Yunji Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement

Retrieved on: 
Friday, July 7, 2023

HANGZHOU, China, July 7, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated July 5, 2023, indicating that the Company has regained compliance with the Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement") and the matter is closed.

Key Points: 
  • HANGZHOU, China, July 7, 2023 /PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that it received a notification letter (the "Compliance Notice") from the Listing Qualifications Department of the Nasdaq Stock Market Inc. ("Nasdaq") dated July 5, 2023, indicating that the Company has regained compliance with the Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement") and the matter is closed.
  • On January 11, 2023, Yunji received a notification letter (the "Deficiency Notice") from the Nasdaq indicating that the closing bid price for the Company's American depositary shares ("ADSs") was below the minimum bid price of $1.00 required for continued listing under Nasdaq Listing Rule 5450(a)(1) for 30 consecutive business days.
  • According to the Deficiency Notice, if at any time during the 180 day compliance period, the closing bid price of the Company's security is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance and the matter will be closed.
  • According to the Compliance Notice, the closing bid price of the Company's ADSs has been at $1.00 per ADS or greater for 10 consecutive business days from June 20, 2023 through July 3, 2023, and the Company has regained compliance with the Minimum Bid Price Requirement and the matter is closed.

Yunji Announces Plan to Implement ADS Ratio Change

Retrieved on: 
Monday, June 12, 2023

HANGZHOU, China, June 12, 2023 /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 ten (10) Class A ordinary shares to a new ADS Ratio of one (1) ADS to one hundred (100) Class A ordinary shares.

Key Points: 
  • HANGZHOU, China, June 12, 2023 /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 ten (10) Class A ordinary shares to a new ADS Ratio of one (1) ADS to one hundred (100) Class A ordinary shares.
  • For Yunji's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-ten reverse ADS split, effective on or about June 20, 2023.
  • The change in the ADS Ratio will have no impact on Yunji's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the change in the ADS Ratio.
  • As a result of the change in the ADS Ratio, the ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the change in the ADS Ratio will be equal to or greater than ten times the ADS trading price before the change.