Yunji Group announced that it plans to pay 182 million yuan in cash to acquire 40.9993% of Shenzhen Ruibo Automation Equipment Co., Ltd. The company has previously obtained 10.0007% of Shenzhen Ruibo's shares through a capital increase. After the acquisition is completed, it will hold 51% of its shares. Shenzhen Ruibo will become the company's holding subsidiary and be included in the scope of the consolidated statement. Together with the initial capital increase of 444.44,400 yuan, the company obtained 51% of the shares in the target company and paid a total price of 227 million yuan in the merger and acquisition transaction. The funding source was its own capital and self-financing. The transaction was reviewed and approved by the 45th meeting of the 5th board of directors of the company. There is no need to submit it to the shareholders' meeting for review, and it does not constitute a related transaction or major asset restructuring.

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