Yunji Announces Plan to Implement ADS Ratio Change

Core Viewpoint - Yunji Inc. plans to change the ratio of its American Depositary Shares (ADSs) to its Class A ordinary shares from 1:100 to 1:400, effective on or about September 13, 2024, which will function as a one-for-four reverse ADS split [1][2]. Company Overview - Yunji Inc. is a leading social e-commerce platform in China, utilizing a membership-based model to enhance social interactions and provide high-quality products at competitive prices [4]. - The company leverages advanced technologies such as big data and artificial intelligence to improve user experience and encourage members to promote the platform [4]. - Yunji has established a trustworthy reputation through product curation, centralized sourcing, and efficient supply chain management, offering exclusive membership benefits including discounted prices [4]. ADS Ratio Change Details - The change in the ADS Ratio will require ADS holders to exchange every four existing ADSs for one new ADS, with Deutsche Bank Trust Company Americas managing the exchange process [2]. - No fractional new ADSs will be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [3]. - The change is expected to increase the ADS trading price proportionally, although no assurance is given that the price will be ten times the pre-change price [3].