Exhibit 99.1
Yunji Announces Appointment of New Independent Director
HANGZHOU, China, January 1, 2024 — Yunji Inc. (“Yunji” or the “Company”) (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that Mr. Chen Chen has been appointed as an independent director of the Company and a member of the audit committee, compensation committee and nominating and corporate
governance committee of the board of directors of the Company, effective January 1, 2024.
Mr. Shanglue Xiao, Chairman and Chief Executive
Officer of Yunji, commented, “We are delighted to welcome Mr. Chen Chen to continue contributing his expertise and industry insights to Yunji. We look forward to the increased innovation and possibilities that his presence brings.”
Mr. Chen Chen has served as a director of ATRenew Inc. (“ATRenew”) (NYSE: RERE) since May 2021. Mr. Chen joined ATRenew as a
chief financial officer in January 2021 and currently serves as president and chief financial officer of ATRenew and oversees group finance, accounting and tax, capital markets, and public affairs functions. Prior to joining ATRenew, Mr. Chen
served as the chief financial officer of Yunji Inc. from May 2018 to December 2020. Prior to that, Mr. Chen was a partner at Deloitte and served various positions at Deloitte since July 2002. Mr. Chen currently also serves as an
independent director and the chairman of the audit committee of Q&K International Group Limited, and an independent non-executive director and the chairman of the audit committee of Zhou Hei Ya
International Holdings Company Limited (HKEx: 1458). Mr. Chen is a member of China Institute of Certified Public Accountants (CICPA). Mr. Chen received his bachelor’s degree from Shanghai Jiaotong University.
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 Statement
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, as well as Yunji’s strategic and operational plans, contain
