Yunji Announces Appointment of Executive President
April 23 2021 - 8:10AM
Yunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading
membership-based social e-commerce platform, today announced that
it has appointed Mr. Wei Ye as Executive President of the Company,
which already took effect in April 2021.
Mr. Shanglue Xiao, Chairman and Chief
Executive Officer of Yunji, commented, “We are delighted to welcome
aboard Wei to the Yunji team. With a proven track-record of success
at the executive level, Wei’s seasoned business acumen, significant
leadership experience, and intimate knowledge of Chinese consumers
will help to fuel our expansion efforts and support our long-term
growth strategies. In this role, Wei will oversee some of Yunji’s
most crucial business operations, helping us to further refine our
operational efficiency, streamline our processes, and generate more
sustainable growth. As we continue to develop our differentiated
supply chain, build out our dual-growth engine e-commerce model,
expand our membership base, and cultivate a vibrant social
community, we are confident that this addition to our leadership
team will help to accelerate our progress towards our long term
goals.”
Mr. Ye has served as executive president of
Taiyuan Lionhead Cement Co., Ltd. (SSE: 600539) from September 2020
to April 2021. Prior to that, Mr. Ye served as chief executive
officer of Haiercash Co., Ltd. a national consumer finance company
in China, from June 2019 to September 2020. Mr. Ye was chief
operating officer of Weidai Ltd., from May 2016 to June 2019. Prior
to that, he was a general manager of Ping An Financial Technology
Co., Ltd., a subsidiary of Ping An Insurance (Group) Company of
China, Ltd., from March 2011 to May 2016. Mr. Ye was a
marketing director of Alisoft Co., Ltd., a subsidiary of Alibaba
Group Holding Limited, from June 2009 to December 2010 and a deputy
business director of Tencent Holdings Limited, an investment
corporation listed on the Hong Kong Stock Exchange, from July 2007
to May 2009. Mr. Ye received his bachelor’s degree in software
engineering from Zhejiang University in 2007.
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. Among other things, the
quotations from management in this announcement contain
forward-looking statements. 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.
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/.
Investor Relations Contact
Yunji Inc. Investor Relations Email: Yunji.IR@icrinc.com Phone:
+1 (646) 224-6957
ICR, Inc. Xinran Rao Email: Yunji.IR@icrinc.com Phone: +1 (646)
224-6957
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