Yunji Announces Improvements to Administration

HANGZHOU, China, Could 1, 2022 /PRNewswire/ — Yunji Inc. (“Yunji” or the “Corporation”) (NASDAQ: YJ), a main membership-based mostly social e-commerce system, nowadays announced that Mr. Chengqi Zhang has resigned as Vice President of Finance of the firm for own causes, productive Could 6, 2022. Mr. Chengqi Zhang will keep on to serve the Organization as a specialist, helping to make certain his successor’s clean transition into his new purpose. Mr. Peng Zhang has been appointed as Vice President of Finance of the business, productive the exact 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 convey our thanks to Mr. Chengqi Zhang for his contributions and devotion to the Organization more than the past two a long time, specifically on the financing and funds market fronts. Mr. Peng Zhang is a veteran in the discipline of finance who efficiently led Yunji’s business and finance analysis team for the earlier 4 yrs. He has been priceless in his part implementing and executing our essential methods in the course of his time at the Organization. Doing work alongside one another, we will even more boost shareholder worth and maintain a regular financial performance.”

Mr. Peng Zhang has served as Yunji’s senior economic director because 2018. Prior to becoming a member of the Business, he served as director of economic setting up and analysis at Otis Electrical, a primary elevator and escalator producing, installation, and support enterprise, from 2016 to 2018, and as will work controller at the very same organization from 2014 to 2015. Mr. Zhang was a monetary manager at Bosch Power Tools (China) Co., Ltd., a primary world wide provider of technologies and solutions, from 2011 to 2013. Prior to that, he was a senior fiscal analyst at Alipay (China) Network Know-how Co., Ltd., a subsidiary of Alibaba Group Keeping Limited, from 2010 to 2011. Mr. Zhang served as a economic analyst at Hangzhou Huasan Interaction Technological innovation Co., Ltd., from 2006 to 2010. Mr. Zhang received his bachelor’s degree in business administration and his master’s diploma in fiscal management from Xiamen University in 2003 and 2006 respectively.

About Yunji Inc.

Yunji Inc. is a foremost social e-commerce system in China that has pioneered a exclusive, membership-based mostly model to leverage the energy of social interactions. The Firm’s e-commerce platform features high-top quality solutions at appealing charges across a vast wide range of categories catering to the working day-to-working day requirements of Chinese individuals. In addition, the Company uses highly developed technologies including huge information and artificial intelligence to improve user working experience and incentivize customers to endorse the platform as very well as share products with their social contacts. Through deliberate solution curation, centralized items sourcing, and efficient source chain administration, Yunji has recognized by itself as a reliable e-commerce platform with large-quality solutions and special membership advantages, such as discounted selling prices.

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Protected Harbor Statements

This announcement consists of ahead-wanting statements. These statements are produced under the “protected harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-wanting statements can be determined by terminology these as “will,” “expects,” “anticipates,” “aims,” “potential,” “intends,” “designs,” “thinks, ” “estimates,” “assured,” “likely,” “keep on” or other very similar expressions. Yunji may perhaps also make prepared or oral ahead-hunting statements in its periodic studies to the U.S. Securities and Exchange Fee (the “SEC”), in its yearly report to shareholders, in push releases and other composed materials and in oral statements made by its officers, administrators or personnel to 3rd parties. Statements that are not historical info, such as but not limited to statements about Yunji’s beliefs and expectations, are forward-searching statements. Ahead-wanting statements contain inherent challenges and uncertainties. A range of factors could cause actual final results to vary materially from people contained in any forward-looking assertion, including but not confined to the subsequent: Yunji’s advancement strategies its foreseeable future organization growth, outcomes of functions and money condition its potential to comprehend customer needs and give products and solutions and expert services to catch the attention of and keep prospective buyers its capability to retain and increase the recognition and popularity of its brand its capacity to rely on retailers and third-get together logistics service vendors to offer supply services to potential buyers its skill to maintain and improve excellent command procedures and measures its ability to establish and manage interactions with merchants traits and competitors in China’s e-commerce industry variations in its revenues and particular charge or expense goods the predicted advancement of China’s e-commerce sector PRC governmental policies and regulations relating to Yunji’s field, and standard economic and business enterprise circumstances globally and in China and assumptions underlying or connected to any of the foregoing. More data concerning these and other hazards is included in Yunji’s filings with the SEC. All facts presented in this press launch and in the attachments is as of the day of this press launch, and Yunji undertakes no obligation to update any ahead-looking statement, except as essential beneath relevant legislation.

Investor Relations Call

Yunji Inc.
Trader Relations
E-mail: [email protected]
Cellular phone: +1 (646) 224-6957

Robin Yang
Email: [email protected]
Phone: +1 (646) 224-6957


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