Yunji announces receipt of nasdaq notice

Hangzhou, china , oct. 9, 2023 /prnewswire/ -- yunji inc. ("yunji" or the "company") (nasdaq: yj), a leading membership-based social e-commerce platform, today announced that it has received written notification from the staff of the listing qualifications department of the nasdaq stock market llc ("nasdaq") dated october 5, 2023, indicating that because the closing bid price of the company's american depositary shares ("adss") for the last 30 consecutive business days was below us$1.00 per share, the company no longer meets the nasdaq minimum bid price requirement, set forth in nasdaq listing rule 5450(a)(1). pursuant to the nasdaq listing rules, the applicable grace period to regain compliance is 180 days, or until april 2, 2024.
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