圆梦中产进入上市锁定期，云济天下上市进程整体提速

Core Viewpoint - Yunji Group's overall capital planning has entered a more efficient coordination phase, with adjustments to the previously scheduled IPO timeline originally set for the second half of 2025 [3][4] Group 1: IPO Preparation - The IPO process, initially planned to be completed by around 2026, is now undergoing adjustments to enhance efficiency in coordination and management [3] - The latest discussions indicate that Yunji's unique characteristics in industrial synergy and organizational structure warrant a phased integration approach to improve overall progress [3][4] - The target is to complete major preparatory work by mid-2026, with the proposed listing entity named "Yunji Tianxia" primarily on the Hong Kong capital market [3] Group 2: Internal Coordination Mechanism - Prior to entering the public market, Yunji is exploring the establishment of an internal coordination mechanism to address structural adjustments and phase arrangements within the system [4] - This mechanism aims to optimize organization and internal coordination without involving public trading arrangements [4] - The rhythm optimization is expected to facilitate a more thorough structural review and expectation management before the public market phase, laying a solid foundation for future market operations [4]