|Over a week ago|
Yunji receives non-compliance notice from Nasdaq » 06:0201/1201/12/23
Yunji announced that it…
Yunji announced that it has received written notification from the staff of the Listing Qualifications Department of the Nasdaq Stock Market dated January 11, 2023, indicating that because the closing bid price of the Company's American Depositary Shares for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the Nasdaq minimum bid price requirement, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until July 10, 2023. The Company intends to monitor the closing bid price of its ADSs between now and July 10, 2023 and is considering its options, including an adjustment of its ADS-to-Class A ordinary share ratio, in order to regain compliance with the Nasdaq minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its ADSs is US$1.00 per share or higher for at least ten consecutive business days during the grace period. The Company intends to cure the deficiency within the prescribed grace period.
Yunji announces results from New Year Festive Goods Shopping Festival » 06:1501/0501/05/23
Yunji announced that the…
Yunji announced that the final large-scale promotional event before the Lunar New Year, the New Year Festive Goods Shopping Festival, successfully concluded at the end of December 2022. The Event showcased and promoted Yunji's flagship products across a wide variety of different categories. Following the recent relaxation of COVID restrictions, Yunji has sharpened its focus on the development of its range of healthcare and pandemic prevention products. Among the company's private labels, the high-end health food brand Baiyueshan's nutritious products continued to be megahits with users. The brand's freeze-dried sea buckthorn powder and autumn pear grease have proved especially popular, with the buckthorn powder selling out within 10 hours, generating RMB 20M in sales. Building on its pledge to help its users better meet their health care needs, the company is ensuring that pandemic prevention and treatment products are available for purchase on its platform. Facing a complex external environment and nationwide shortages, Yunji is leveraging its robust supply chain capabilities and deploying additional resources to guarantee its users affordably-priced necessities including face masks, disinfectants, and pulse oximeters. As the Lunar New Year approaches, the company is dedicated to offering a seamless, high-quality shopping experience to all of its users during the festive period.
|Over a quarter ago|
Yunji announces product curation strategy upgrade » 07:0705/1905/19/22
Yunjiis celebrating its…
Yunjiis celebrating its seventh anniversary this month. During its seventh year in business, Yunji further updated the product curation strategy it has adhered to since its establishment. Under the upgraded strategy, products receive the "Yunji Selected" quality label only if they successfully pass a rigorous and comprehensive selection process. As part of the new selection process, product quality is evaluated by both Yunji and its customers. Product selection is based on authentic feedback from the Company's massive platform userbase. Users assess products based on a comprehensive set of criteria, generating a range of value-for-money products that provide customers with a superior user experience. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, commented, "The positioning of Yunji quality products is based on authentic feedback from a large number of users on our platform. We always put quality first and only guarantee products that reach the highest of standards. We are dedicated to developing our user mindset of quality products gather at Yunji and making our platform the go-to place for reliable and high-quality food."
Yunji regains compliance with Nasdaq's minimum bid price requirement » 07:1403/2403/24/22
Yunji received a…
Yunji received a notification letter from Nasdaq indicating that the company has regained compliance with the Nasdaq Listing Rule Minimum Bid Price Requirement and the matter is closed. The closing bid price of the company's ADSs has been at $1.00 per ADS or greater for 10 consecutive business days from March 9 through March 22.