Yunji Announces Plan to Implement ADS Ratio Change

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. 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 June 20, 2023, subject to the effectiveness of the post-effective amendment to the ADS Registration Statement on Form F-6 on or before that date.