{Economic Information Daily, 16th} Yunji (New) (02670) is currently down 22.3%, trading at HK$5.135. At current prices, the stock has declined for four consecutive days, with a cumulative drop of 41.3%. The stock has traded approximately 20.83 million shares, involving HK$120 million. During trading, it hit a low of HK$5.11, reaching a new listing low.
Beijing Yunji Technology announced that on October 16, 2026, it terminated the一致行动 agreement with four investor voting right holders, including Wenzhou Haiyin and Guangkong Zhongying. After the termination of the agreement, voting rights attached to 3.1348 million shares no longer belong to Yunji Angel Management. Chairman Zhi Tao and Yunji Angel Management, which he controls, saw their shareholding ratio decrease from 32.37% to 27.87%, no longer constituting controlling shareholders, but still remain the single largest shareholder group. The board believes this move will not have a significant adverse impact on the group's operations.
After the relaxation of investor voting rights, early investors may have the opportunity to independently vote or even reduce and cash out their holdings in the future, sparking speculation of potential share reductions. However, the company's board stated that this arrangement will not have a significant adverse impact on the group's operations.
In addition, the company's chairman, executive director and president Zhi Tao, as well as executive director and CEO Li Quanyin, voluntarily extended the lock-up period of their directly held shares by 12 months to October 15, 2027. Zhi Tao holds approximately 60.16 million shares, accounting for about 8.62% of issued shares, while Li Quanyin holds approximately 13.79 million shares, accounting for about 1.98% of issued shares.
Currently, the Hang Seng Index stands at 24,294, up 231 points or 1%, with turnover on the main board exceeding HK$110.3 billion. The Hang Seng China Enterprises Index stands at 8,167, up 63 points or 0.8%. The Hang Seng Tech Index stands at 4,135, up 74 points or 1.8%. (nw)
Beijing Yunji Technology announced that on October 16, 2026, it terminated the一致行动 agreement with four investor voting right holders, including Wenzhou Haiyin and Guangkong Zhongying. After the termination of the agreement, voting rights attached to 3.1348 million shares no longer belong to Yunji Angel Management. Chairman Zhi Tao and Yunji Angel Management, which he controls, saw their shareholding ratio decrease from 32.37% to 27.87%, no longer constituting controlling shareholders, but still remain the single largest shareholder group. The board believes this move will not have a significant adverse impact on the group's operations.
After the relaxation of investor voting rights, early investors may have the opportunity to independently vote or even reduce and cash out their holdings in the future, sparking speculation of potential share reductions. However, the company's board stated that this arrangement will not have a significant adverse impact on the group's operations.
In addition, the company's chairman, executive director and president Zhi Tao, as well as executive director and CEO Li Quanyin, voluntarily extended the lock-up period of their directly held shares by 12 months to October 15, 2027. Zhi Tao holds approximately 60.16 million shares, accounting for about 8.62% of issued shares, while Li Quanyin holds approximately 13.79 million shares, accounting for about 1.98% of issued shares.
Currently, the Hang Seng Index stands at 24,294, up 231 points or 1%, with turnover on the main board exceeding HK$110.3 billion. The Hang Seng China Enterprises Index stands at 8,167, up 63 points or 0.8%. The Hang Seng Tech Index stands at 4,135, up 74 points or 1.8%. (nw)
