Yunji Inc, a leading membership-based social e-commerce platform, today announced that Mr. Wei Ying has resigned from his position as a director on the board of directors (the “Board”) of Yunji and that the Board has appointed Ms. Dan Li as a director on the Board, both effective October 30, 2021. After the change, Yunji will meet the diversity objective required by Nasdaq’s Board Diversity Rule.

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Ms. Li is a managing director at CDH Investments Management (Hong Kong) Limited, where she has been employed since August 2014. Ms. Li served as a senior manager and director in Dinghui Investment Management (Tianjin) Company Limited from May 2012 to July 2014 and as a manager in the private asset management department of Ping An Trust from October 2010 to April 2012. Ms. Li obtained her bachelor’s degree in accounting from the Civil Aviation University of China in 2003 and her master of business administration degree from Concordia University in Canada in 2007. Ms. Li is a Chartered Financial Analyst with the CFA Institute and a Hong Kong SFC licensed representative (Type 1 and 4).

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Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, commented, “we are delighted to announce the appointment of Ms. Dan Li and would also like to express our gratitude to Mr. Wei Ying for his counsel over the years. We believe that Ms. Li’s professional experience in the consumer market will further strengthen our differentiated strategy.”

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.

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