YUNJI (02670.HK): Investor Voting Agreement Terminated, Ms. Zhi's Interest Falls to 27.87%

NewTimeSpace News: Beijing Yunji Technology Co., Ltd. (stock code: 02670) announced on 16 October 2026 inside information that Yunjishashen Management entered into individual termination deeds of agreement with Wenzhou Haiyin, Lightig Zhongying, Maoji No.2 and Maoji No.1 respectively, terminating the investor voting agreements with effect from 16 October 2026.

The announcement stated that as disclosed in the section headed "History, Development and Corporate Structure — Voting Arrangements" of the Company's prospectus dated 8 October 2025, voting rights attached to an aggregate of 3,134,816 shares held by the investor voting grantors (equivalent to 31,348,160 shares after the share subdivision effective 23 September 2026) were always vested in Yunjishashen Management at general meetings, which is controlled by Ms. Zhi Tao, the Chairwoman of the Company, as its general partner. Following termination, the voting rights attached to the 31,348,160 shares are no longer vested in Yunjishashen Management at general meetings, and Ms. Zhi is no longer deemed under the Securities and Futures Ordinance to be interested in those shares through Yunjishashen Management.

The Company disclosed that, based on 697,531,820 issued shares as at the date of the announcement (including 4,072,000 treasury shares), Ms. Zhi's aggregate interest decreased from 225,781,250 shares, or approximately 32.37%, immediately before the termination to 194,433,090 shares, or approximately 27.87%, immediately after it. Her beneficial ownership remained at 60,161,930 shares (8.62%), and interest in controlled corporation fell from 75,111,910 shares (10.77%) to 43,763,750 shares (6.27%). Her interest as a contracting party to the personal voting agreements in respect of 90,507,410 shares held by Mr. Hu Quan, Mr. Wu Minghui, Mr. Li Quanyin and Mr. Zhang Heguang (12.98%) is unaffected, and the personal voting agreements remain valid.