Yunji has regained compliance with nasdaq's minimum bid price requirement

Hangzhou, china, march 24, 2022 /prnewswire/ -- yunji inc. ("yunji" or the "company") (nasdaq: yj), a leading membership-based social e-commerce platform, today announced that it received a notification letter (the "compliance notice") from the listing qualifications department of the nasdaq stock market inc. ("nasdaq") dated march 23, 2022, indicating that the company has regained compliance with the nasdaq listing rule 5450(a)(1) (the "minimum bid price requirement") and the matter is closed. on september 27, 2021, yunji received a notification letter (the "deficiency notice") from the nasdaq indicating that the closing bid price for the company's american depositary shares ("adss") was below the minimum bid price of $1.00 required for continued listing under nasdaq listing rule 5450(a)(1) for 30 consecutive business days.
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