YUNJI (02670) announced that on November 18, 2025, the company submitted an application to the China Securities Regulatory Commission (CSRC) regarding the conversion of all its domestic unlisted shares into H shares. Upon obtaining all necessary approvals (including those from the CSRC and the Hong Kong Stock Exchange) and complying with applicable laws, regulations, and rules, these unlisted shares will be converted into H shares. The company will then apply for their listing and trading on the Main Board of the Hong Kong Stock Exchange.

According to the company's articles of association, no separate shareholders' meeting is required to approve the conversion and listing. YUNJI is a leading AI-powered robotics service technology enterprise. Although the application was initiated at the proposal of shareholders holding the relevant unlisted shares, the company believes that participating in H share full circulation will benefit both the company and its shareholders.

Upon completion of the conversion and listing, the proportion and market capitalization of tradable H shares will increase, further diversifying the shareholder structure. The company's corporate image and reputation are also expected to improve as a result. Additionally, the implementation may qualify YUNJI for inclusion in the Stock Connect programs (Shanghai-Hong Kong and Shenzhen-Hong Kong), broadening its investor base, enhancing connectivity with mainland exchanges, and attracting more domestic and international investors.