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

Core Viewpoint - Yunji Inc. has regained compliance with Nasdaq Listing Rule 5450(a)(2) after meeting the minimum bid price requirement for its American Depositary Shares (ADSs) [1][3]. Group 1: Compliance Notification - On September 27, 2024, Yunji received a Compliance Notice from Nasdaq indicating that it has regained compliance with the minimum bid price requirement [1]. - The Company had previously been notified on October 5, 2023, that it was not in compliance with Nasdaq Listing Rule 5450(a)(1) due to the closing bid price of its ADSs being below US$1.00 for 30 consecutive business days [2]. - Following the notification, Yunji applied to transfer its ADS listing from the Nasdaq Global Market to the Nasdaq Capital Market, which granted an additional 180 days to regain compliance [2]. Group 2: Compliance Achievement - The closing bid price of Yunji's ADSs was at or above US$1.00 for 10 consecutive business days from September 13, 2024, to September 26, 2024, fulfilling the compliance requirement [3]. Group 3: 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 employs advanced technologies such as big data and artificial intelligence to improve user experience and encourage member engagement [4]. - Yunji focuses on product curation, centralized sourcing, and efficient supply chain management to establish itself as a reliable e-commerce platform with exclusive membership benefits [4].