Yunji Appoints WWC, P.C. as New Accounting Firm after PwC Dismissal

Yunji Appoints WWC, P.C. as New Independent Registered Public Accounting Firm

Yunji Inc., a prominent membership-based social e-commerce platform in China, has made significant changes in its accounting firm arrangements. The company announced on May 22, 2025, that its board of directors and the audit committee approved the termination of PricewaterhouseCoopers Zhong Tian LLP (PwC) as its independent registered public accounting firm. The change will take effect immediately, with the appointment of WWC, P.C. as the new accounting firm for the fiscal year concluding on December 31, 2025.

The decision follows a period of satisfactory partnership with PwC, during which there were no adverse opinions or disclaimers regarding the company’s consolidated financial statements for the fiscal years ended December 31, 2024, and 2023. Moreover, PwC's reports were not qualified or modified in relation to uncertainty, audit scope, or accounting principles.

During the fiscal years 2024 and 2023, along with the interim period up to the announcement date of May 22, 2025, Yunji has stated that there were no disagreements with PwC regarding accounting practices, financial statements, or auditing procedures. Additionally, no reportable events occurred that would necessitate disclosure.

This strategic move marks a pivotal point for Yunji as it seeks to optimize its financial operations and enhance transparency. By bringing in WWC, P.C., a firm known for its thorough approach to accounting and auditing, Yunji aims to fortify its financial reporting and governance standards. This transition is anticipated to contribute positively to Yunji’s overall financial health and integrity, thereby sustaining investor confidence.

About Yunji Inc.

Yunji Inc. is regarded as a leading player in China's social e-commerce market, characterized by an innovative membership-based model that taps into consumer social interactions. Through its platform, Yunji offers high-quality products at competitive prices across diverse categories, meeting the everyday needs of its users. The company leverages state-of-the-art technologies, including big data and artificial intelligence, to enhance user experiences and encourage members to advocate for the platform and share.

Through careful product curation, streamlined sourcing processes, and efficient supply chain management, Yunji has positioned itself as a reliable e-commerce platform, offering unique membership advantages, such as exclusive discounts.

As the company continues to grow and evolve, updates like the recent appointment of WWC, P.C. signify its commitment to maintaining high standards in governance and fiscal responsibility. Stakeholders can expect ongoing enhancements in transparency and operational efficiency as Yunji embraces change in this critical sector of the economy.

For investors and interested parties, further details can be found on Yunji's official investor relations page here.

If you would like to contact Yunji's Investor Relations for more information, feel free to reach out via email at ir@yunjiglobal.com or call them at +1 (646) 224-6957.