Filing Details

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

CUSIP number 98873N 107 has been assigned to the American Depositary Shares (ADSs) of the issuer, which are quoted on The Nasdaq Global Market under the symbol YJ. Each ADS represents ten Class A ordinary shares of the issuer.

  Name of Reporting Person

  Shanglue Xiao

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

  SEC Use Only

  Citizenship

  Peoples Republic of China

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

  Sole Voting Power

  984,960,000 ordinary shares. See Item 4.

  Shared Voting Power

  0

  Sole Dispositive Power

  984,960,000 ordinary shares. See Item 4.

  Shared Dispositive Power

  0

  Aggregate Amount Beneficially Owned by Each Reporting Person

  984,960,000 ordinary shares. See Item 4.

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

  ☐

  Percent of Class Represented by Amount in Row (9)

  48.0%. See Item 4.

  Type of Reporting Person

  IN

  Name of Reporting Person

  Lanlan Ltd.

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

  SEC Use Only

  Place of Organization

  British Virgin Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

  Sole Voting Power

  949,960,000 ordinary shares. See Item 4.

  Shared Voting Power

  0

  Sole Dispositive Power

  949,960,000 ordinary shares. See Item 4.

  Shared Dispositive Power

  0

  Aggregate Amount Beneficially Owned by Each Reporting Person

  949,960,000 ordinary shares. See Item 4.

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

  ☐

  Percent of Class Represented by Amount in Row (9)

  47.1%. See Item 4.

  Type of Reporting Person

  CO

Name of Issuer:

Address of Issuers Principal Executive Offices:

Name of Person Filing:

Address of Principal Business Office, or, if none, Residence:

Citizenship:

Title of Class of Securities:

CUSIP No.:

If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d -2(b) or (c), check whether the persons filing is a:

Ownership:

Shanglue Xiao

Lanlan Ltd.

Represents (i) 949,960,000 Class B Ordinary Shares held by Lanlan Ltd., a British Virgin Islands company, (ii) 20,000,000 Class A Ordinary Shares issuable to Mr. Shanglue Xiao upon exercise of options within 60 days after December 31, 2022, and (iii) 15,000,000 Class A Ordinary Shares issuable to Mr. Shanglue Xiao upon vesting of restricted share units within 60 days after December 31, 2022. Lanlan Ltd. is 100% owned by XSL Global Limited, a British Virgin Islands company, which is in turn wholly owned by XSL Family Trust, a trust established under the laws of Cayman Islands and managed by TMF (Cayman) Ltd. as the trustee. Mr. Shanglue Xiao is the settlor and the beneficiary of XSL Family Trust. Mr. Xiao is also the member of the protective committee, and makes investment decision with respect to the shares of Issuer owned by Lanlan Ltd. Mr. Shanglue Xiao is the sole director of Lanlan Ltd. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Mr. Shanglue Xiao may be deemed to beneficially own all of the shares of the Issuer owned by Lanlan Ltd.

The percentage of class of securities beneficially owned by the Reporting Person is based on a total of 2,018,397,352 outstanding ordinary shares, being the sum of 1,068,437,352 Class A Ordinary Shares (excluding the 140,393,870 Class A Ordinary Shares in the form of ADSs held as treasury shares and reserved for future issuance upon the exercising or vesting of awards granted under the Issuers share incentive plans) and 949,960,000 Class B Ordinary Shares outstanding as of December 31, 2022 as a single class. In computing the percentage ownership of the reporting persons, we have included shares that the reporting persons have the right to acquire within 60 days, including through the exercise of any option, warrant or other right or the conversion of any other security, after December 31, 2022.

The percentage of voting power is calculated by dividing the voting power beneficially owned by the Reporting Person by the voting power of all of the Issuers Class A Ordinary Shares and Class B Ordinary Shares as of December 31, 2022 as a single class. Each Class B Ordinary Share is entitled to ten votes per share, whereas each Class A Ordinary Share is entitled to one vote per share.

Represents 949,960,000 Class B Ordinary Shares held by Lanlan Ltd., a British Virgin Islands company.

Ownership of Five Percent or Less of a Class:

Ownership of More than Five Percent on Behalf of Another Person:

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:

Identification and Classification of Members of the Group:

Notice of Dissolution of Group:

Certifications:

Description