Beijing Yunji Technology Co., Ltd. announced a 1-for-10 share subdivision that will reduce the par value of each ordinary share from RMB1.00 to RMB0.10 and expand the issued share count from 69.75 million to 697.53 million. Registered capital will remain unchanged at RMB69.75 million, and all post-split shares will rank pari passu with the pre-split shares.

The split is contingent on three conditions: (1) shareholder approval at an extraordinary general meeting (EGM) scheduled for 2 September 2026, (2) listing approval from the Hong Kong Stock Exchange (HKEX) for all subdivided H shares, and (3) completion of all requisite regulatory filings. If approved, the subdivision will take effect on 4 September 2026.

Concurrent with the split, Yunji will double the standard board lot size on HKEX from 50 H shares to 100 subdivided H shares. Based on the last closing price of HK$145.50 per H share (HK$14.55 post-split), the theoretical value of one new board lot will be roughly HK$1,455, comfortably above HKEX’s HK$1,000 minimum board-lot value requirement.

Equity incentive pools will be adjusted proportionally: unvested Pre-IPO ESOP awards will increase from 129,661 shares to 1.30 million subdivided shares, while the H Share Award Scheme’s mandate limit will expand from 6.98 million shares to 69.75 million subdivided shares.

The Articles of Association will be amended to reflect the new share capital structure. Existing blue share certificates will remain valid for trading until 3 September 2026 and can be exchanged for new green certificates free of charge between 4 September and 13 October 2026.

Management cites the lower trading price per share and reduced capital outlay per board lot as measures to broaden investor participation and enhance liquidity. The board confirms no current plans for equity fundraising within the next 12 months and states that the theoretical adjusted share price of HK$10.90 post-split complies with Listing Rule 13.64A.