ORDINARY SHARES |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Equity [Abstract] | |
| ORDINARY SHARES | 23. ORDINARY SHARES
In November 2017, the Company was incorporated as limited liability company with authorized share capital of US$ divided into shares with par value US$ each. As of December 31, 2017, ordinary share was issued and outstanding.
In January 2018, the shares were subdivided into shares with par value US$ each. 1 ordinary share was subdivided into 20 ordinary shares (the “Share Split”) and was therefore after issued and outstanding.
YUNJI INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (All amounts in thousands, except for share and per share data, unless otherwise noted)
23. ORDINARY SHARES (CONTINUED)
As of December 31, 2019 and 2020, ordinary shares had been authorized and a total of ordinary shares, consists of Class A ordinary shares and Class B ordinary shares, had been issued. A total of ordinary shares, consists of Class A ordinary shares and Class B ordinary shares, had been outstanding as of December 31, 2020. A total of ordinary shares, consists of Class A ordinary shares and Class B ordinary shares, had been outstanding as of December 31, 2019.
Immediately prior to the completion of the IPO, all classes of preferred shares of the Company were converted and re-designated as Class A ordinary shares on a one-for-one basis. ordinary shares of the Company were re-designated as Class A ordinary share and ordinary shares were re-designated as Class B ordinary shares with super voting power (one share with ten votes). Mr. Xiao Shanglue, founder, chairman and chief executive officer of the Company, will be deemed to beneficially own all of the issued Class B ordinary shares.
On May 3, 2019, the Company completed its IPO on NASDAQ Global Select Market. The Company offered Class A ordinary shares which represented ADSs.
Subsequently on June 4, 2019, over-allotment option were electedly exercised and the Company issued additional shares of Class A Ordinary Shares issued at a price of US$ per share.
On August 28, 2019, the Company was authorized by the Board of Directors to, from time to time, acquire up to an aggregate of US$20 million of its shares in the form of ADSs and/or the ordinary shares of the Company over the next six months in the open market and through privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations (the “2019 Share Repurchase Program”). Under the 2019 Share Repurchase Program, the Company cumulatively repurchased and Class A ordinary shares at price ranging from US$ to $ as of December 31, 2020 and 2021, respectively.
On March 17, 2022, the Company was authorized by the Board of Directors to, from time to time, acquire up to an aggregate of US$20 million of its shares in the form of ADSs and/or the ordinary shares of the Company over the next six months in the open market and through privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. Subsequently, on August 25, 2022, the Company announced this stock repurchase program of up to US$ million has been extended for another six months, which was starting from and up to March 15, 2023 (collectively, the “2022 Share Repurchase Program”). Under the 2022 Share Repurchase Program, the Company cumulatively repurchased Class A ordinary shares at price ranging from US$ to $ as of December 31, 2022.
From June 20, 2023, . The change in the ADS Ratio will have no impact on Yunji’s underlying Class A ordinary shares.
From September 13, 2024, The change in the ADS Ratio will have no impact on Yunji’s underlying Class A ordinary shares.
YUNJI INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (All amounts in thousands, except for share and per share data, unless otherwise noted)
|