Document:

EX-4.6

 Exhibit 4.6 

EXCLUSIVE SERVICE AGREEMENT 

This Exclusive Service Agreement (this “Agreement”) is entered into as of [Execution Date] by and among the following
parties: 
  

	(1)	 [Name of the WFOE] (“Party A”), a domestic company registered in the People’s Republic of
China (“China” or the “PRC”), under the laws of the PRC; and 

  

	(2)	 [Name of the VIE] (“Party B”), a domestic company registered in China, under the laws of the
PRC. (Each of Party A and Party B, a “Party”, and collectively, the “Parties”.) 

 After
friendly consultations conducted on the principle of equality and mutual benefit, the Parties hereby agree as follows: 
  

	1.	 Provision of Services 

 

	1.1	 In accordance with the terms and conditions set forth in this Agreement, Party B hereby irrevocably appoints
and designates Party A as their exclusive service provider to provide the technical and business support services as set forth in Schedule 1. 

  

	1.2	 Party A has the right to designate and appoint, at its sole discretion, any affiliate of Party A to provide any
and all services set forth in this Section. 

  

	1.3	 During the term of this Agreement, Party B shall not, without Party A’s written consent, directly and
indirectly, obtain the same or similar services as provided under this Agreement from any third party, or enter into any similar service agreement with any third party. 

 

	1.4	 To ensure that the cash flow requirements of Party B’s ordinary operations are met and/or to set off any
loss accrued during such operations, Party A is obligated, only to the extent permissible under PRC law, to provide financing support for Party B, whether or not Party B actually incurs any such operational loss. Party A’s financing support for
Party B may take the form of bank entrusted loans or borrowings. Contracts for any such entrusted loans or borrowings shall be executed separately. Party A will not require Party B to repay the loans or borrowings when Party B has no ability to
repay. 

  

	2.	 Service Fee and Payment 

 

	2.1	 Party A shall have the right to determine, at its sole discretion, the service fee and proper payment manners
for Party B. The calculation and payment manners of the service fee are stipulated in Schedule 2 of this Agreement. 

  

	2.2	 If Party A, at its sole discretion, determines that the fee calculation mechanism specified herein shall no
longer apply for any reasons at any time or from time to time during the term of this Agreement, Party A shall have the rights to adjust the fee by giving a 10-day written notice to Party B in advance.

  

	3.	 Intellectual Property Rights 

 

	3.1	 Any intellectual properties developed in the performance of this Agreement, including but not limited to
copyrights, patents and knowhow, shall belong to Party A, and Party B shall enjoy no rights other than those expressly provided herein. 

  

	3.2	 If a development is based on the intellectual properties owned by Party B, Party B shall ensure and warrant
that such intellectual properties are flawless. Otherwise, Party B shall bear all damage and losses caused to Party A due to any flaw of such intellectual properties. If Party A are to bear any liabilities to any third party thus caused, it has the
right to claim recover all of its losses from Party B. 

  

	3.3	 The Parties agree that this clause shall remain survive after the termination or expiration of this Agreement.

  

	4.	 Representations and Warranties 

 

	4.1	 Party A hereby represents and warrants as follows: 

 

	 	(a)	 It is a legal person duly incorporated and validly existing under PRC laws; 

 

	 	(b)	 Its execution and performance of this Agreement are within Party A’s corporate power and business scope;

  

	 	(c)	 It has taken necessary corporate actions and obtained appropriate authorizations, and has obtained the
necessary consents or approvals from other third parties or government agencies; 

  

	 	(d)	 The execution and performance of this Agreement by Party A do not violate the laws and contracts binding upon
Party A; and 

  

	 	(e)	 Upon execution, this Agreement will constitute a legal, valid and binding obligation of Party A enforceable
against Party A in accordance with its terms. 

  

	4.2	 Party B hereby represents and warrants as follows: 

 

	 	(a)	 It is a legal person duly incorporated and validly existing under PRC laws; 

 

	 	(b)	 Its execution and performance of this Agreement are within its entity power and business scope;

  

	 	(c)	 It has taken necessary corporate actions and obtained appropriate authorizations, and has obtained the
necessary consents or approvals from other third parties or government agencies; 

  
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	 	(d)	 Its execution and performance of this Agreement do not violate the laws and contracts binding upon it; and

  

	 	(e)	 Upon execution, this Agreement will constitute a legal, valid and binding obligation of Party B enforceable
against Party B in accordance with its terms. 

  

	4.3	 Party B further warrants Party A as follows: 

 

	 	(a)	 Party B shall pay the service fee to Party A in full and in a timely manner according to this Agreement.

  

	 	(b)	 Within the term of this Agreement, Party B shall: 

 

	 	(i)	 maintain the continuous effectiveness of the permits and qualifications in relation to the business of Party B;
and 

  

	 	(ii)	 cooperate with Party A in Party A’s provision of services, and take reasonable advices and suggestions
given by Party A in respect of the business of the Party B. 

  

	4.4	 Party A shall have the right to examine the accounts of the Party B regularly or at any time. Within the term
of this Agreement, the Party B shall cooperate with Party A and its direct or indirect shareholders on audit or due diligence work and provide the auditor and/or other professionals with the information and materials in respect of operation,
business, clients, finance and employee. Furthermore, the Party B shall give consent to Party A or its shareholders that for the purpose of listing, Party A or its shareholders may disclose such information and material when it is necessary.

  

	4.5	 Each Party warrants to the other Party that, it will execute all the necessary documents and take all the
necessary actions, including without limitation, issue necessary power of attorney to the other Party for the purpose of carrying out this Agreement and achieving the purpose of this Agreement. 

 

	5.	 Confidentiality 

Party B agrees to take all reasonable steps to protect and maintain the confidentiality of the confidential data and information received by
Party B in connection with the performance of this Agreement (collectively, the “Confidential Information”). Party B shall not disclose, give or transfer any Confidential Information to any third party without Party A’s prior
written consent. Upon termination of this Agreement, Party B shall, at Party A’s request, return any and all documents, information or software containing any of such Confidential Information to Party A or destroy it at its own discretion, and
delete all of such Confidential Information from any memory devices, and cease to use such Confidential Information. 
  

	6.	 Effective Date and Term 

 

	6.1	 This Agreement shall be signed and take effect as of the date first set forth above. 

  
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	6.2	 The term of this Agreement is ten (10) years and shall be automatically extended for successive ten
(10) years unless terminated as provided herein. Notwithstanding the foregoing provisions, Party A may terminate this Agreement, at its sole discretion, at any time with a written notice to Party B given thirty (30) days in advance. Party
B has no right to terminate this Agreement. 

  

	7.	 Governing Law and Dispute Resolution 

 

	7.1	 This Agreement shall be construed with and governed by the laws of the PRC. 

 

	7.2	 Any dispute arising from or in connection with this Agreement shall be submitted to China International
Economic and Trade Arbitration Commission (the “CIETAC”) for arbitration which shall be conducted in accordance with the CIETAC’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final
and binding upon all Parties. The place of arbitration shall be in Beijing. 

  

	8.	 Notices 

Notices or other communications required to be given by any party pursuant to this Agreement shall be written in Chinese and delivered
personally or sent by registered mail or postage prepaid mail or by a recognized courier service or by facsimile transmission to the address of each relevant Party or both Parties set forth below or such other address or addressees as specified by
such Party from time to time. The date when the notice is deemed to be duly served shall be determined as follows: (a) a notice delivered personally is deemed duly served upon delivery; (b) a notice sent by mail is deemed duly served the
tenth (10th) day after the date when the postage prepaid registered airmail was sent out (as is shown on the postmark), or the fourth (4th) day after the delivery date to the internationally-recognized courier service agency; and (c) a notice
sent by facsimile transmission is deemed duly served upon the receipt time as is shown on the transmission confirmation for relevant documents. 
  

	9.	 Assignment 

  

	9.1	 Party B shall not assign any of its respective rights or obligations under this Agreement to any third party
without the prior written consent of Party A. 

  

	9.2	 Party B hereby agrees that Party A may assign its rights and obligations under this Agreement, only be subject
to a written notice to Party B. 

  

	10.	 Severability 

If any provision of this Agreement is judged to be invalid or unenforceable because it is inconsistent with applicable laws, such invalidity or
unenforceability shall be only with respect to such laws, and the validity, legality and enforceability of the other provisions hereof shall not be affected. 

  
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	11.	 Amendment or Supplement 

Any amendment or supplement to this Agreement shall be made by Parties in writing. The amendments or supplements duly executed by each party
shall form an integral part of this Agreement and shall have the same legal effect as this Agreement. 
  

	12.	 Counterparts 

This Agreement shall be executed in two originals by Parties, with Party A and Party B holding one original. All originals shall have the same
legal effect. The Agreement may be executed in one or more counterparts. 
  

	13.	 Entire Agreement and Amendment to Agreement 

This Agreement and all agreements and/ or documents mentioned or included explicitly by this Agreement constitute the complete agreement with
respect to the subject matter of this Agreement and shall substitute any and all prior oral agreements, contracts, understandings and communications made by the Parties with respect to the subject matter of this Agreement. 

[Signature pages follow] 

  
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 IN WITNESS WHEREOF, the Parties have duly executed this Agreement on the date appearing at
the head hereof. 
 [Name of the WFOE] 
 Authorized
Representative: 
 Signature:     
 Seal:

 [Name of the VIE] 
 Authorized Representative:
Signature:     
 Seal: 

[Signature Page to Exclusive Service Agreement] 

 SCHEDULE 1 

Contents of Service 
  

	1.	 Contents of Service 

 

	1.1	 Providing the following technology development and transfer, technical consulting services:

  

	 	(a)	 Technology development of new business; 

 

	 	(b)	 Technology support and maintenance of current business; 

 

	 	(c)	 Periodical update of all the business content; and 

 

	 	(d)	 Offering and maintaining the hardware and network which are necessary for the business operation.

  

	1.2	 Providing occupation and pre-occupation staff training services;

  

	1.3	 Providing public relation services; 

 

	1.4	 Providing market investigation, research and consulting services; 

 

	1.5	 Providing mid or short-term market development, market plan services; 

 

	1.6	 Providing human resource management and internal information management; 

 

	1.7	 Providing network development, updating and daily maintenance; 

 

	1.8	 Licensing of software and trademark; 

 

	1.9	 Other services determined from time to time by Party A according to the need of business and capacity of Party
A. 

 SCHEDULE 2 

Calculation and Payment of Service Fee 
  

	1.	 Calculation and Payment of Service Fee 

 

	1.1	 The fee for the services provided under this Agreement is calculated based on the revenue of Party B and the
corresponding operating cost and sales, management and other costs and expenses, and may be charged in the form of: 

  

	 	(a)	 a percentage of the revenue of Party B; 

 

	 	(b)	 a fixed license fee for certain software; and/or 

 

	 	(c)	 other method determined from time to time by Party A according to the nature of services provided.

  

	1.2	 The specific amount of such fee shall be determined by Party A through taking account of the following factors,
and Party A shall send Party B written confirmation for service fee: 

  

	 	(a)	 The technical difficulty and complexity of the services provided by Party A; 

 

	 	(b)	 The time spent by employees of Party A concerning the services; 

 

	 	(c)	 The contents and commercial value of the services provided by Party A; 

 

	 	(d)	 The benchmark price of similar services in the market. 

 

	2.	 Party A shall calculate service fee payable on a fixed term basis and deliver Party B corresponding invoices.
Party B shall pay the service fee to the bank account designated by Party A within 10 business days after receipt of such invoices, and deliver a copy of the remittance certificate by facsimile or mail to Party A within 10 business days after
payment. Party A shall issue a receipt within 10 business days after receipt of the service fee. 

 Schedule of Material Differences 

The VIE Shareholder and the VIE as set out below entered into exclusive service agreement with Hangzhou Yunchuang Gongxiang Network Technology Co., Ltd., the
WFOE, using this form, respectively. Pursuant to Instruction ii to Item 601 of Regulation S-K, the Registrant may only file this form as an exhibit with a schedule setting forth the material details in which
the executed agreements differ from this form: 
  

									
	 No.
	  	
Name of Variable
Interest
Entity (the “VIE”)
	  	 Version of
Exclusive Service Agreement
	  	 Material Differences
	  	 Execution
Date

					
	 1
	  	Zhejiang Yunji Youxuan E-commerce Co., Ltd.	  	Amended and Restated Exclusive Service Agreement	  	This Agreement replace the proxy agreement and power of attorney entered into by and among the Parties on June 13, 2018.	  	December
14, 2018
					
	 2
	  	Yunji Sharing Technology Co., Ltd.	  	Amended and Restated Exclusive Service Agreement	  	This Agreement replace the proxy agreement and power of attorney entered into by and among the Parties on April 16, 2018.	  	December
17, 2018
					
	 3
	  	Hangzhou Chuanchou Network Technology Co., Ltd.	  	Exclusive Service Agreement	  	N/A	  	October
23, 2020
					
	 4
	  	Hangzhou Fengjing Network Technology Co., Ltd.	  	Exclusive Service Agreement	  	N/A	  	December
18, 2020EX-4.7

 Exhibit 4.7 

EXCLUSIVE OPTION AGREEMENT 

This Exclusive Option Agreement (this “Agreement”) is entered into as of [Execution Date] by and among the following parties:

  

	(1)	 [Name of the WFOE] (the “WFOE”); 

 

	(2)	 [Name of the VIE Shareholder(s)] (the “Shareholder(s)”); 

 

	(3)	 [Name of the VIE] (the “Company”). 

(Each of WFOE, the Shareholder(s) and the Company individually being referred to as a “Party” and collectively the
“Parties”.) 
 RECITALS 
  

	(A)	 WHEREAS, the Shareholder(s) hold 100% equity interest in the Company. 

 

	(B)	 WHEREAS, the WFOE and the Company entered into an exclusive service agreement (the “Exclusive
Service Agreement”) dated [Execution Date], pursuant to which the Company shall pay the WFOE for relevant services it received from the WFOE; 

  

	(C)	 WHEREAS, the WFOE, the Company and its shareholder(s) entered into an equity pledge agreement (the
“Equity Pledge Agreement”) dated [Execution Date]. 

 THEREFORE, the Parties hereby agree as
follows: 
 AGREEMENT 
  

	1.	 Target Equity Interest 

 

	1.1	 The Shareholder(s) agree(s) and irrevocably, unconditionally and exclusively grants the WFOE an option to
require such Shareholder to transfer any and all of the equity interest of the Company held by such Shareholder (“Target Equity”) to the WFOE or a third party designated by the WFOE (“Designee”), in whole or in
part, subject to the WFOE’s specific requirements (“Equity Transfer Option”) in the following circumstances: 

  

	 	1.1.1	 The WFOE and/or the Designee are permitted to own lawfully all or part of the Target Equity under the PRC laws
and regulations; or 

  

	 	1.1.2	 Any other circumstances deemed as appropriate or necessary by the WFOE in its sole discretion.

  

	1.2	 The Company hereby agrees the Shareholder(s) to grant this option to the WFOE. 

	1.3	 The WFOE shall have the right to exercise its purchase right in whole or in part and to acquire the Target
Equity in whole or in part without any limit at any time and from time to time. 

  

	1.4	 The WFOE may designate any third party to acquire the Target Equity in whole or in part and the Shareholder(s)
shall not refuse and shall transfer the Target Equity in whole or in part to such Designee as requested by the WFOE. 

  

	1.5	 Prior to the transfer of the Target Equity to the WFOE or the Designee according to this Agreement, the
Shareholder(s) shall not transfer any Target Equity without the WFOE’s prior written consent. 

  

	2.	 Target Assets 

 

	2.1	 The Company hereby agrees and irrevocably, unconditionally and exclusively grants the WFOE an option to require
the Company to transfer any and all of the assets of the Company (“Target Assets”) to the WFOE or the Designee, in whole or in part, subject to the WFOE’s specific requirements (“Assets Transfer Option”), in
the following circumstances: 

  

	 	2.1.1	 The WFOE and/or the Designee are permitted to own lawfully all or part of the Target Assets under the PRC laws
and regulations; or 

  

	 	2.1.2	 Any other circumstances deemed as appropriate or necessary by the WFOE in its sole discretion.

  

	2.2	 The Shareholder(s) hereby agree(s) the Company to grant this option. 

 

	2.3	 The WFOE shall have the right to exercise its purchase right in whole or in part and to acquire the Target
Assets in whole or in part without any limit at any time and from time to time. 

  

	2.4	 The WFOE may designate any third party to acquire the Target Equity in whole or in part and the Company and the
Shareholder(s) shall not refuse and shall transfer the Target Assets in whole or in part to such Designee as requested by the WFOE. 

  

	2.5	 Prior to the transfer of the Target Assets to the WFOE or the Designee according to this Agreement, the Company
and the Shareholder(s) shall not transfer the Target Assets without the WFOE’s prior written consent. 

  

	3.	 Procedures for the Exercise of Equity Transfer Option 

 

	3.1	 Upon execution of this Agreement, the Shareholder(s) shall have duly executed an equity interest transfer
agreement in the format set forth in APPENDIX 1 attached hereto and deliver the said document to the WFOE. 

  

	3.2	 If the WFOE decides to exercise the Equity Transfer Option pursuant to Section 1.1 hereinabove, it shall
send written notice to the Company and the Shareholder(s) specifying the proportion of the Target Equity to be acquired and the identity of the transferee (“Equity Purchase Notice”). 

  
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	3.3	 The Company and the Shareholder(s) shall furnish all materials and documents necessary for the registration of
the aforesaid equity interest transfer within 30 days after the date of Equity Purchase Notice, take all necessary actions and measures, including but not limited to holding shareholders meetings and board meetings, and obtain other
shareholders’ written consent to waive any preemptive right that they may have with respect to the transfer of the Target Equity. 

  

	3.4	 The Company shall cause the shareholder’ of the Company, the WFOE and/or the Designees to sign an equity
transfer agreement in substantially the form attached hereto as APPENDIX 1 with respect to any transfer of Target Equity Interest carried out pursuant to this Agreement and the Equity Purchase
Notice; provided, however, if there is specific requirements for the form and substance of the equity transfer agreement under the PRC laws, such specific requirement shall be followed. 

 

	3.5	 If the event the WFOE decides to exercise its equity interest purchase right pursuant to Section 1.1, the
relevant Parties shall execute all the necessary contracts, agreements or documents, obtain all the necessary government licenses and permits and take all necessary actions to transfer the effective ownership of the Target Equity to the WFOE and/or
the Designee(s), without any encumbrance, and cause the WFOE and/or the Designee(s) to become the registered owner(s) of such Target Equity. For the purpose of this section and this Agreement, “Encumbrance” shall mean any security,
mortgage, third party’s rights or interests, any stock options, acquisition right, right of first refusal, right to offset, ownership retention or other security arrangements, excluding any encumbrance created under this Agreement, the Equity
Pledge Agreement and the Exclusive Service Agreement. 

  

	4.	 Procedures for the Exercise of Assets Transfer Option 

 

	4.1	 Upon execution of this Agreement, the Company shall have executed the Assets Transfer Agreement in the format
set forth in APPENDIX 2 attached hereto and deliver the aforesaid document to the WFOE. 

  

	4.2	 If the WFOE decides to exercise the Assets Transfer Option pursuant to Section 2.1 hereinabove, it shall
send written notice to the Company specifying the Target Assets to be transferred and the identity of the transferee (“Assets Purchase Notice”). 

 

	4.3	 The Company and the Shareholder(s) shall furnish all materials and documents necessary for the assets transfer
and the registration thereof (if any) within 30 days after the date of the Assets Purchase Notice, and take all necessary actions and measure, including but not limited to holding shareholders meetings or board meetings to approve the transactions.

  

	4.4	 The Company and the Shareholder(s) shall cause the Company to sign an asset transfer agreement with the WFOE
and/or the Designees in substantially the form attached hereto as APPENDIX 2 with respect to any transfer of Target Assets carried out pursuant to this Agreement and the Asset Purchase Notice; provided, however,
if there is specific requirements for the form and substance of the asset transfer agreement under the PRC laws, such specific requirement shall be followed. 

  
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	4.5	 The relevant Parties shall execute all other necessary contracts, agreements or documents, obtain all necessary
government licenses and permits and take all necessary actions to transfer the effective ownership of the Target Assets to the WFOE and/or the Designee(s), without any Encumbrance, and cause the WFOE and/or the Designee(s) to become the registered
owner(s) of the Target Assets. 

  

	5.	 

  

	5.1	 The total transfer price for the Target Equity and/or the Target Assets shall be RMB 1 yuan. If the PRC law or
relevant regulations impose mandatory requirements on the purchase price of such Target Equity and/or the Target Assets, the purchase price shall be such minimum price permitted by PRC law or relevant regulations (“Transfer Price”).
If any of the Target Equity and/or the Target Assets is transferred in installments, the amount payable for each installment shall be determined in accordance with the proportion of Target Equity and/or the Target Assets to be transferred.

  

	5.2	 All the taxes, fees and expenses arising from the transfer of the Target Equity and/or the Target Assets shall
be borne by all Parties in accordance with the PRC laws. 

  

	6.	 Covenants 

  

	6.1	 Covenants of the Company and the shareholder(s) 

The Shareholder(s) and the Company hereby covenant as follows: 
  

	 	6.1.1	 Without the prior written consent of the WFOE, they shall not in any manner supplement, change or amend the
articles of association and bylaws of the Company, increase or decrease its registered capital, or change its structure of registered capital in other manners; 

 

	 	6.1.2	 They shall maintain the Company’s corporate existence in accordance with good financial and business
standards and practices by prudently and effectively operating its business and handling its affairs; 

  

	 	6.1.3	 Without the prior written consent of the WFOE, they shall not at any time following the date hereof, sell,
transfer, mortgage, pledge or dispose of in any manner any assets of the Company or any of the Company’s subsidiaries, as amended from time to time, or legal or beneficial interest in the business (except in the ordinary course of business) or
revenues of the Company, or allow the encumbrance thereon of any security interest; 

  

	 	6.1.4	 Without the prior written consent of the WFOE, they shall not incur, inherit, guarantee or suffer the existence
of any debt, except for debts incurred in the ordinary course of business; 

  
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	 	6.1.5	 They shall always operate all of the Company’s businesses during the ordinary course of business to
maintain the asset value of the Company and refrain from any action/omission that may affect the Company’s operating status and asset value; 

  

	 	6.1.6	 Without the prior written consent of the WFOE, they shall not cause the Company to execute any material
contract, except the contracts in the ordinary course of business; 

  

	 	6.1.7	 Without the prior written consent of the WFOE, they shall not cause the Company to provide any person or
business with any loan or credit other than in the course of ordinary business; 

  

	 	6.1.8	 They shall provide the WFOE with information on the Company’s business operations and financial condition
at the WFOE’s request; 

  

	 	6.1.9	 If requested by the WFOE, they shall procure and maintain insurance in respect of the Company’s assets and
business from an insurance carrier acceptable to the WFOE, at an amount and type of coverage typical for companies that operate similar businesses; 

  

	 	6.1.10	 Without the prior written consent of the WFOE, they shall not cause or permit the Company to merge, consolidate
with, acquire or invest in any person; 

  

	 	6.1.11	 They shall immediately notify the WFOE of the occurrence or possible occurrence of any litigation, arbitration
or administrative proceedings relating to the Company’s assets, business or revenue; 

  

	 	6.1.12	 To maintain the ownership by the Company of all of its assets, they shall execute all necessary or appropriate
documents, take all necessary or appropriate actions and file all necessary or appropriate complaints or raise necessary and appropriate defenses against all claims; 

 

	 	6.1.13	 Without the prior written consent of the WFOE, they shall ensure that the Company shall not in any manner
distribute dividends, assets or any distributable benefit to the Shareholder(s), provided that upon the WFOE’s written request, the Company shall immediately distribute part or all distributable profits to the Shareholder(s) who shall in turn
immediately and unconditionally pay or transfer to the WFOE any such distribution; 

  

	 	6.1.14	 If the aggregate amount of the Transfer Price received by it in respect of the transfer of the Target Equity it
holds is higher than its contribution to the Company, or it receives any form of profit distribution, dividend or bonus from the Company, then the Shareholder agrees to waive, to the extent not in violation of the PRC Laws, the proceeds from such
premium and any such profit distribution, dividend or bonus, and the WFOE shall be entitled to such part of proceeds, otherwise the Shareholder shall make compensation to the WFOE and/or the Designees to recover any damage that may arise from such
circumstances; and 

  
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	 	6.1.15	 At the request of the WFOE, they shall appoint any person designated by the WFOE as the director and/or
executive director of the Company. 

  

	6.2	 Covenants related to Equity of the Company 

Each Shareholder hereby covenants as follows: 
  

	 	6.2.1	 Without the prior written consent of the WFOE, each Shareholder shall not sell, transfer, pledge or dispose of
in any other manner any legal or beneficial interest in the Target Equity or allow the encumbrance thereon of any security interest, except for the pledge placed on the Target Equity in accordance with the Equity Pledge Agreement;

  

	 	6.2.2	 Without the prior written consent of the WFOE, each Shareholder shall cause the shareholders’ meeting
and/or the board of directors and/or executive director of the Company not to approve the sale, transfer, pledge or disposition in any other manner of any legal or beneficial interest in the Target Equity or allow the encumbrance thereon of any
security interest, except for the pledge placed on the Target Equity in accordance with the Equity Pledge Agreement; 

  

	 	6.2.3	 The Shareholder shall cause the shareholders’ meeting or the board of directors and/or executive director
of the Company not to approve the merger or consolidation with any person, or the acquisition of or investment in any person, without the prior written consent of the WFOE; 

 

	 	6.2.4	 The Shareholder shall immediately notify the WFOE of the occurrence or possible occurrence of any litigation,
arbitration or administrative proceedings relating to the Target Equity; 

  

	 	6.2.5	 At the request of the WFOE at any time, the Shareholder shall promptly and unconditionally cause the transfer
of the Target Equity to be approved and consummated as set forth in this Agreement; 

  

	 	6.2.6	 To the extent necessary to maintain the Shareholder’s ownership in the Company, the Shareholder shall
execute all necessary or appropriate documents, take all necessary or appropriate actions and file all necessary or appropriate complaints or raise necessary and appropriate defenses against all claims; 

 

	 	6.2.7	 The Shareholder shall appoint any designee of the WFOE as the director and/or executive director of the
Company, at the request of the WFOE; 

  

	 	6.2.8	 The Shareholder shall strictly abide by the provisions of this Agreement and other contracts jointly or
separately executed by and among the Shareholder, the WFOE, and the Company, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. To the extent that the
Shareholder has any remaining rights with respect to the equity interests subject to this Agreement hereunder or under the Equity Pledge Agreement or under the proxy agreement and power of attorney granted in favor of the Shareholder, the
Shareholder shall not exercise such rights except in accordance with the written instructions of the WFOE. 

  
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	7.	 Representations and Warranties 

The Shareholder(s) and the Company hereby represent and warrant to the WFOE, jointly and severally, as of the date of this Agreement and each
date of transfer of the Target Equity, that: 
  

	7.1	 The Shareholder(s) and the Company have the authority to execute and deliver this Agreement and any relevant
Equity Interest Transfer Agreement concerning the Target Equity to be transferred thereunder, and to perform their obligations under this Agreement and any Equity Interest Transfer Agreements; 

 

	7.2	 The execution and delivery of this Agreement or any Equity Interest Transfer Agreements and the obligations
under this Agreement or any Equity Interest Transfer Agreements: (i) do not cause any violation of any applicable laws of PRC; (ii) are not inconsistent with the articles of association, bylaws or other organizational documents of the
Company; (iii) do not cause the violation of any contracts or instruments to which they are a party or which are binding on them, or constitute any breach under any contracts or instruments to which they are a party or which are binding on
them; (iv) do not cause any violation of any condition for the grant and/or continued effectiveness of any licenses or permits issued to either of them; and (v) do not cause the suspension or revocation of or imposition of additional
conditions to any licenses or permits issued to either of them; 

  

	7.3	 The Shareholder(s) have/has good and merchantable title to the Target Equity. Except for the Equity Pledge
Agreement, the Shareholder(s) have/has not placed any security interest on the Target Equity; 

  

	7.4	 The Company has a good and merchantable title to all of its assets, and has not placed any security interest on
the aforementioned assets, except for encumbrance disclosed to the WFOE for which the WFOE’s written consent has been obtained; 

  

	7.5	 The Company does not have any outstanding debts, except for (i) debt incurred in the ordinary course of
business; and (ii) debts disclosed to the WFOE for which the WFOE’s written consent has been obtained; and 

  

	7.6	 The Company has complied with all laws and regulations of PRC that are applicable to asset acquisitions.

  
 7 

	8.	 Taxes and Fees 

Each Party shall pay any and all transfer and registration tax, expenses and fees incurred thereby or levied thereon in accordance with the
laws of the PRC in connection with the preparation and execution of this Agreement and the Equity Interest Transfer Agreement, as well as the consummation of the transactions contemplated under this Agreement and the Equity Interest Transfer
Agreement. 
  

	9.	 Confidentiality 

The Parties acknowledge that any oral or written information exchanged among them with respect to this Agreement is confidential information.
Each Party shall maintain the confidentiality of all such information, and without obtaining the written consent of other Parties, it shall not disclose any relevant information to any third parties, except in the following circumstances:
(a) such information is or will be in the public domain (provided that this is not the result of a public disclosure by the receiving party); (b) information disclosed as required by applicable laws or regulations or requirements of any stock
exchange; or (c) information required to be disclosed by any Party to its legal counsel or financial advisor regarding the transaction contemplated hereunder, and such legal counsel or financial advisor are also bound by confidentiality duties
similar to the duties in this section. Disclosure of any confidential information by the staff members or agency hired by any Party shall be deemed disclosure of such confidential information by such Party, which Party shall be held liable for
breach of this Agreement. This Section shall survive the termination of this Agreement for any reason. 
  

	10.	 Assignment 

  

	10.1	 The Company and the Shareholder(s) shall not assign any of their respective rights or obligations under this
Agreement to any third party without the prior written consent of the WFOE. 

  

	10.2	 The Company and the Shareholder(s) hereby agree that the WFOE may assign its rights and obligations under this
Agreement as the WFOE may decide at its sole discretion, and such assignment shall only be subject to a written notice sent to the Company and the Shareholder(s). 

 

	11.	 Entire Agreement and Amendment to Agreement 

 

	11.1	 This Agreement and all agreements and/ or documents mentioned or included explicitly by this Agreement
constitute the complete agreement with respect to the subject matter of this Agreement and shall substitute any and all prior oral agreements, contracts, understandings and communications made by the Parties with respect to the subject matter of
this Agreement. 

  

	11.2	 The Company and the Shareholder(s) shall not have the right to amend, supplement or cancel this Agreement in
any manner without the prior written consent of the WFOE. 

  

	11.3	 The appendix is an integral part of this Agreement and has the same legal effects as the other parts of the
Agreement. 

  
 8 

	12.	 Governing Law and Dispute Resolution 

 

	12.1	 This Agreement shall be construed in accordance with and governed by the laws of the PRC.

  

	12.2	 Any dispute arising from or in connection with this Agreement shall be submitted to China International
Economic and Trade Arbitration Commission (CIETAC) for arbitration which shall be conducted in accordance with the CIETAC’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon all
Parties. The place of arbitration shall be in Beijing. 

  

	13.	 Effective Date and Term 

 

	13.1	 This Agreement shall be signed and take effect as of the date first set forth above. 

 

	13.2	 Unless terminated in accordance with the provisions herein, this Agreement is valid for ten(10) years, and may
automatically be extended for another ten(10) years when expires. This agreement may be extended for unlimited times. 

	14.	 Termination 

Neither the Company nor the Shareholder(s) shall have the right to terminate this Agreement. Notwithstanding the foregoing provisions, the WFOE
may terminate this Agreement at any time in its sole discretion by giving the Company and the Shareholder(s) ten (10) days prior written notice. 
  

	15.	 Notices 

Notices or other communications required to be given by any party pursuant to this Agreement shall be written in Chinese and delivered
personally or sent by registered mail or postage prepaid mail or by a recognized courier service or by facsimile transmission to the address of each relevant party as specified by such party from time to time. The date when the notice is deemed to
be duly served shall be determined as follows: (a) a notice delivered personally is deemed duly served upon delivery; (b) a notice sent by mail is deemed duly served the tenth (10th) day after the date when the postage prepaid registered
airmail was sent out (as is shown on the postmark), or the fourth (4th) day after the delivery date to the courier service company; and (c) a notice sent by facsimile transmission is deemed duly served upon the receipt time as is shown on the
transmission confirmation for relevant documents. 
  

	16.	 Severability 

If any provision of this Agreement is judged to be invalid or unenforceable because it is inconsistent with applicable laws, such invalidity or
unenforceability shall be only limited to such laws, and the validity, legality and enforceability of the other provisions hereof shall not be affected. 

  
 9 

	17.	 Counterparts 

This Agreement shall be executed in [Party number] originals, with each Party holding one original. All originals shall have the same legal
effect. The Agreement may be executed in one or more counterparts. 
 [Signature pages follow] 

  
 10 

 IN WITNESS WHEREOF, the Parties have duly executed this Agreement on the date appearing at the head hereof.

 [Name of the WFOE] 
 Signature: 

Name: 
 Title: 

[Signature Page to Exclusive Option Agreement] 

 IN WITNESS WHEREOF, the Parties have duly executed this Agreement on the date appearing at the head hereof.

 [Name of the VIE] 
 Signature: 

Name: 
 Title: 

[Signature Page to Exclusive Option Agreement] 

 IN WITNESS WHEREOF, the Parties have duly executed this Agreement on the date appearing at the head hereof.

 [Name of the VIE Shareholder] 
 Signature: 

Name:
 Title: 

[Signature Page to Exclusive Option Agreement] 

 APPENDIX 1 

Equity Interest Transfer Agreement 
 This Equity Interest
Transfer Agreement (“Agreement”) is entered into in China by: 
 Transferor: 

Transferee: 
 NOW, the parties hereto agree as follows
concerning the equity interest transfer: 
  

	 	1.	 The transferor agrees to transfer to the transferee    % of equity interest of [Name of the
VIE] held by the transferor, and the transferee agrees to accept said equity interest. 

  

	 	2.	 After the closing of equity interest transfer, the transferor shall not have any rights and obligations as a
shareholder with regard to the transferred shares, and the transferee shall have such rights and obligations as a shareholder of [Name of the VIE] 

  

	 	3.	 Any matter not covered by this Agreement may be further agreed on by the parties hereto by signing
supplementary agreements. 

  

	 	4.	 This Agreement shall be effective from the signing day. 

 

	 	5.	 This Agreement is executed in four originals, with each party holding one original. The remaining originals
will be used for the filing with the administration of industry and commerce. 

 Transferor: 

Signature: 
 Date: 

Transferee: 
 Signature: 

Date: 

 APPENDIX 2 

Assets Transfer Agreement 
 This Assets
Transfer Agreement (“Agreement”) is entered into in China by: 
 Transferor: [Name of the VIE] 

Transferee: 
 NOW, the Parties agree as follows concerning the
assets transfer: 
  

	 	1.	 The transferor agrees to transfer to the transferee the assets set forth in
Schedule-1 hereto, and the transferee agrees to accept the said assets. 

  

	 	2.	 After the closing of assets transfer, the transferor shall not have any rights and obligations as an owner with
regard to the transferred assets, and the transferee shall have such rights and obligations as an owner of the transferred assets. 

  

	 	3.	 Any matter not covered by this Agreement may be determined by the Parties by way of signing supplementary
agreements. 

  

	 	4.	 This Agreement shall be effective from the signing day. 

 

	 	5.	 This Agreement is executed in four originals, with each party holding one original. The remaining originals
will be used for the filing with the administration of industry and commerce. 

 Transferor: 

[Name of the VIE] 
 Signature: 

Name: 
 Title: Date: 

Transferee: 
 Signature:     

Date: 
 Schedule - List of Assets 

 Schedule of Material Differences 

The VIE Shareholder and the VIE as set out below entered into exclusive option agreement with Hangzhou Yunchuang Gongxiang Network Technology Co., Ltd., the
WFOE, using this form, respectively. Pursuant to Instruction ii to Item 601 of Regulation S-K, the Registrant may only file this form as an exhibit with a schedule setting forth the material details in which
the executed agreements differ from this form: 
  

															
	 No.
	  	 Name of
VIE
Shareholder
	  	
Name of Variable
Interest
Entity (the “VIE”)
	  	 Version of Exclusive
Option Agreement
	  	 Material Differences
	  	% of VIE
Shareholder’s
Equity Interest
in the VIE	  	Execution
Date	 
	1	  	Xiao Shanglue	  	Zhejiang Yunji Youxuan E-commerce Co., Ltd.	  	Amended and Restated Exclusive Option Agreement	  	 The total transfer price for the Target Equity and/or the Target Assets shall be equal to the loan provided by the WFOE to the Shareholders
under the Loan Contract.
  
 This Agreement replace the proxy agreement and power of
attorney entered into by and among the Parties on June 13, 2018.
  
 The recital
also references that “the WFOE, the Company and its shareholders entered into a loan contract (the “Loan Contract”) dated December 14, 2018.”
	  	99.0099%	  	 
	December 14,
2018	 
 
							
	2	  	Hao Huan	  	Zhejiang Yunji Youxuan E-commerce Co., Ltd.	  	Amended and Restated Exclusive Option Agreement	  	This Agreement replace the proxy agreement and power of attorney entered into by and among the Parties on June 13, 2018.	  	0.9901%	  	 
	December 14,
2018	 
 

															
							
	3	  	Daqiao Network Technology (Hangzhou) Co., Ltd.	  	Yunji Sharing Technology Co., Ltd.	  	Amended and Restated Exclusive Option Agreement	  	This Agreement replace the proxy agreement and power of attorney entered into by and among the Parties on April 16, 2018.	  	65.5346%	  	 
	December 17,
2018	 
 
							
	4	  	Hangzhou Yuepeng Trading Co., Ltd.	  	Yunji Sharing Technology Co., Ltd.	  	Amended and Restated Exclusive Option Agreement	  	This Agreement replace the proxy agreement and power of attorney entered into by and among the Parties on April 16, 2018.	  	28.0862%	  	 
	December 17,
2018	 
 
							
	5	  	Deqing Jijie Investment Management Partnership (Limited Partnership)	  	Yunji Sharing Technology Co., Ltd.	  	Amended and Restated Exclusive Option Agreement	  	This Agreement replace the proxy agreement and power of attorney entered into by and among the Parties on April 16, 2018.	  	6.3792%	  	 
	December 17,
2018	 
 
							
	6	  	Shu Wenwei	  	Hangzhou Chuanchou Network Technology Co., Ltd.	  	Exclusive Option Agreement	  	N/A	  	100%	  	 
	October 23,
2020	 
 
							
	7	  	Ding Panyan	  	Hangzhou Fengjing Network Technology Co., Ltd.	  	Exclusive Option Agreement	  	N/A	  	60%	  	 
	December 18,
2020	 
 
							
	8	  	Shu Wenwei	  	Hangzhou Fengjing Network Technology Co., Ltd.	  	Exclusive Option Agreement	  	N/A	  	40%	  	 
	December 18,
2020

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