RegulatoryApr 26, 2026, 05:24 AM
YJ No Longer HFCAA-Identified Issuer; Streamlines VIE Structure
AI Summary
Yunji Inc. announced it is no longer identified as a Commission-Identified Issuer under the HFCAA, following its auditor change to WWC, P.C. The company also streamlined its corporate structure by acquiring Yunji Sharing in December 2023 and Hangzhou Chuanchou in May 2024, terminating previous contractual arrangements. The Variable Interest Entity (VIE) contributed 49.4% of total revenues in 2023, 56.2% in 2024, and 16.1% in 2025, highlighting the evolving operational reliance on the VIE structure.
Key Highlights
- Yunji Inc. is no longer identified as a Commission-Identified Issuer under the HFCAA.
- Current auditor WWC, P.C. is subject to PCAOB inspections.
- Streamlined VIE structure by acquiring Yunji Sharing in December 2023.
- Streamlined VIE structure by acquiring Hangzhou Chuanchou in May 2024.
- VIEs contributed 49.4% of total revenues in 2023.
- VIEs contributed 56.2% of total revenues in 2024.
- VIEs contributed 16.1% of total revenues in 2025.