HANGZHOU, China, May 1, 2022
/PRNewswire/ -- Yunji Inc. ("Yunji" or the "Company") (NASDAQ: YJ),
a leading membership-based social e-commerce platform, today
announced that Mr. Chengqi Zhang has resigned as Vice President of
Finance of the company for personal reasons, effective May 6, 2022. Mr. Chengqi Zhang will continue to
serve the Company as a consultant, helping to ensure his
successor's smooth transition into his new role. Mr. Peng Zhang has been appointed as Vice President
of Finance of the company, effective the same date as Mr. Chengqi
Zhang's resignation.
Mr. Shanglue Xiao, Chairman and Chief Executive Officer of
Yunji, commented, "On behalf of Yunji and the Board, I would like
to express our thanks to Mr. Chengqi Zhang for his contributions
and dedication to the Company over the past two years, especially
on the financing and capital market fronts. Mr. Peng Zhang is a veteran in the field of finance
who successfully led Yunji's business and finance analysis team for
the previous four years. He has been invaluable in his role
implementing and executing our key strategies during his time at
the Company. Working together, we will further enhance shareholder
value and maintain a steady financial performance."
Mr. Peng Zhang has served as Yunji's senior financial
director since 2018. Prior to joining the Company, he served as
director of financial planning and analysis at Otis Electric, a
leading elevator and escalator manufacturing, installation, and
service company, from 2016 to 2018, and as works controller at the
same company from 2014 to 2015. Mr. Zhang was a financial manager
at Bosch Power Tools (China) Co.,
Ltd., a leading global supplier of technology and services,
from 2011 to 2013. Prior to that, he was a senior financial analyst
at Alipay (China) Network
Technology Co., Ltd., a subsidiary of Alibaba Group Holding
Limited, from 2010 to 2011. Mr. Zhang served as a financial
analyst at Hangzhou Huasan Communication Technology Co., Ltd., from
2006 to 2010. Mr. Zhang received his bachelor's degree in
business administration and his master's degree in financial
management from Xiamen University
in 2003 and 2006 respectively.
About Yunji Inc.
Yunji Inc. is a leading social e-commerce platform in
China that has pioneered a unique,
membership-based model to leverage the power of social
interactions. The Company's e-commerce platform offers
high-quality products at attractive prices across a wide variety of
categories catering to the day-to-day needs of Chinese
consumers. In addition, the Company uses advanced technologies
including big data and artificial intelligence to optimize user
experience and incentivize members to promote the platform as well
as share products with their social contacts. Through deliberate
product curation, centralized merchandise sourcing, and efficient
supply chain management, Yunji has established itself as a
trustworthy e-commerce platform with high-quality
products and exclusive membership benefits, including discounted
prices.
For more information, please visit
https://investor.yunjiglobal.com/.
Safe Harbor Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "aims," "future," "intends,"
"plans," "believes, " "estimates," "confident," "potential,"
"continue" or other similar expressions. Yunji may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission (the "SEC"), in its
annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including but not limited to statements about Yunji's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: Yunji's
growth strategies; its future business development, results of
operations and financial condition; its ability to understand buyer
needs and provide products and services to attract and retain
buyers; its ability to maintain and enhance the recognition and
reputation of its brand; its ability to rely on merchants and
third-party logistics service providers to provide delivery
services to buyers; its ability to maintain and improve quality
control policies and measures; its ability to establish and
maintain relationships with merchants; trends and competition in
China's e-commerce market; changes
in its revenues and certain cost or expense items; the expected
growth of China's e-commerce market; PRC
governmental policies and regulations relating to Yunji's industry,
and general economic and business conditions globally and in
China and assumptions underlying
or related to any of the foregoing. Further information regarding
these and other risks is included in Yunji's filings with the SEC.
All information provided in this press release and in the
attachments is as of the date of this press release, and Yunji
undertakes no obligation to update any forward-looking statement,
except as required under applicable law.
Investor Relations Contact
Yunji Inc.
Investor Relations
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957
ICR, LLC
Robin Yang
Email: Yunji.IR@icrinc.com
Phone: +1 (646) 224-6957
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SOURCE Yunji Inc.