Yunji Announces Improvements to Administration

HANGZHOU, China, May well 1, 2022 /PRNewswire/ — Yunji Inc. (“Yunji” or the “Firm”) (NASDAQ: YJ), a main membership-based mostly social e-commerce platform, nowadays introduced that Mr. Chengqi Zhang has resigned as Vice President of Finance of the company for personal factors, efficient Could 6, 2022. Mr. Chengqi Zhang will go on to serve the Business as a specialist, helping to make sure his successor’s smooth changeover into his new job. Mr. Peng Zhang has been appointed as Vice President of Finance of the organization, efficient the identical date as Mr. Chengqi Zhang’s resignation.

Mr. Shanglue Xiao, Chairman and Main Executive Officer of Yunji, commented, “On behalf of Yunji and the Board, I would like to express our thanks to Mr. Chengqi Zhang for his contributions and commitment to the Corporation around the previous two years, specially on the funding and cash marketplace fronts. Mr. Peng Zhang is a veteran in the discipline of finance who effectively led Yunji’s small business and finance evaluation staff for the earlier four several years. He has been invaluable in his job utilizing and executing our important techniques all through his time at the Corporation. Doing the job jointly, we will more enhance shareholder price and manage a continual economical effectiveness.”

Mr. Peng Zhang has served as Yunji’s senior monetary director considering the fact that 2018. Prior to signing up for the Business, he served as director of economic setting up and analysis at Otis Electric, a foremost elevator and escalator manufacturing, set up, and services organization, from 2016 to 2018, and as functions controller at the very same enterprise from 2014 to 2015. Mr. Zhang was a money manager at Bosch Electric power Applications (China) Co., Ltd., a foremost global supplier of technologies and services, from 2011 to 2013. Prior to that, he was a senior financial analyst at Alipay (China) Community Know-how Co., Ltd., a subsidiary of Alibaba Team Holding Minimal, from 2010 to 2011. Mr. Zhang served as a financial analyst at Hangzhou Huasan Interaction Technologies Co., Ltd., from 2006 to 2010. Mr. Zhang gained his bachelor’s diploma in organization administration and his master’s diploma in financial administration from Xiamen University in 2003 and 2006 respectively.

About Yunji Inc.

Yunji Inc. is a major social e-commerce system in China that has pioneered a special, membership-dependent product to leverage the electrical power of social interactions. The Company’s e-commerce platform gives superior-excellent products and solutions at desirable price ranges across a large assortment of classes catering to the working day-to-day needs of Chinese shoppers. In addition, the Business employs superior technologies together with massive knowledge and artificial intelligence to enhance person practical experience and incentivize associates to encourage the platform as nicely as share solutions with their social contacts. As a result of deliberate item curation, centralized products sourcing, and effective supply chain management, Yunji has founded alone as a trustworthy e-commerce platform with high-high quality merchandise and exclusive membership positive aspects, which includes discounted charges.

For a lot more facts, please take a look at https://investor.yunjiglobal.com/.

Safe Harbor Statements

This announcement includes forward-seeking statements. These statements are designed beneath the “protected harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These ahead-looking statements can be discovered by terminology this kind of as “will,” “expects,” “anticipates,” “aims,” “upcoming,” “intends,” “strategies,” “believes, ” “estimates,” “assured,” “probable,” “keep on” or other similar expressions. Yunji may well also make penned or oral ahead-seeking statements in its periodic stories to the U.S. Securities and Exchange Commission (the “SEC”), in its yearly report to shareholders, in press releases and other penned supplies and in oral statements built by its officers, directors or personnel to third events. Statements that are not historic info, which include but not restricted to statements about Yunji’s beliefs and expectations, are ahead-looking statements. Ahead-searching statements entail inherent hazards and uncertainties. A number of things could lead to precise success to differ materially from those contained in any ahead-on the lookout statement, like but not confined to the subsequent: Yunji’s development methods its future small business improvement, success of operations and money issue its potential to understand buyer wants and provide items and products and services to appeal to and keep potential buyers its skill to retain and enrich the recognition and popularity of its brand its capacity to count on merchants and third-bash logistics provider suppliers to give shipping and delivery solutions to purchasers its means to retain and strengthen quality manage procedures and actions its capacity to establish and manage relationships with merchants traits and competition in China’s e-commerce industry improvements in its revenues and particular charge or expenditure things the anticipated progress of China’s e-commerce market place PRC governmental procedures and laws relating to Yunji’s business, and typical financial and company disorders globally and in China and assumptions fundamental or linked to any of the foregoing. Further info concerning these and other pitfalls is involved in Yunji’s filings with the SEC. All info delivered in this press launch and in the attachments is as of the date of this push release, and Yunji undertakes no obligation to update any forward-seeking statement, other than as necessary below applicable law.

Trader Relations Make contact with

Yunji Inc.
Investor Relations
Email: Yunji.IR@icrinc.com
Mobile phone: +1 (646) 224-6957

ICR, LLC
Robin Yang
Electronic mail: Yunji.IR@icrinc.com
Mobile phone: +1 (646) 224-6957

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Source Yunji Inc.

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