OG - OG STOCK NEWS

Onion Global Limited (NYSE: OG) announced that it generated over RMB14.8 million in GMV during the first three days of its 2022 Luca Brand Shopping Festival. This key promotional event showcased over 700 Standard Product Units from 36 brands, attracting over 19,000 buyers with a repurchase rate exceeding 31%. The festival, running from June 17 to June 29, 2022, emphasizes Onion Global's strategy to address the evolving consumption demands of Gen Z by incubating and marketing innovative lifestyle brands.

Onion Global Limited (NYSE: OG) has initiated a private share repurchase agreement to enhance shareholder confidence. The company will buy back 2,068,900 American depositary shares, representing 206,890 Class A ordinary shares, for a total of US$10 million. The transaction is expected to close within three business days from June 29, 2022, subject to customary conditions. This strategic move aims to bolster shareholder value and reflects the company's commitment to its investors.

Onion Global Limited (NYSE: OG) has filed its annual report on Form 20-F for the year ended December 31, 2021, with the U.S. Securities and Exchange Commission. This report details the Company's performance as a lifestyle brand platform targeting young consumers in China and Asia. The document is accessible on the Company's investor relations website and the SEC's site, with hard copies available to shareholders upon request. Onion Global, listed since May 2021, focuses on incubating and distributing innovative lifestyle brands.

Onion Global Limited (NYSE: OG) has announced the completion of several overseas product launches under its "Go Global" strategy, aimed at helping premium Chinese brands expand internationally. This transition from a cross-border trader to a brand management platform includes the launch of Spirgo, a versatile dictionary-pen for Malaysian students, and a successful promotional campaign for beauty brand Colorkey in Thailand, attracting significant local engagement. The company aims to enhance brand image and consumer connections globally.

Onion Global Limited (NYSE: OG) has been honored as a "2022 Highly Influential New Business Enterprise" by the Guangdong E-Business Association during the Internet E-Business Expo 2022. This recognition highlights Onion Global's innovative brand ecosystem and its commitment to understanding consumer needs. Additionally, Ms. Mio Ho, a partner at Onion Global, was named a New Business Pioneer for her leadership and social responsibility. The event assessed over 300 companies, reinforcing Onion Global's position in the competitive e-commerce market.

Onion Global Limited (NYSE: OG) received a Delinquency Letter from NYSE Regulation on May 18, 2022, indicating non-compliance with timely filing criteria due to the late submission of its 2021 Form 20-F.

The Company previously filed a Form 12b-25 on April 29, 2022, explaining the delay caused by ongoing COVID-related restrictions in China. Failure to file within six months may lead to suspension and delisting. The Delinquency Letter does not immediately impact the trading status of OG shares, but an LF indicator will be assigned to the ticker.

Onion Global Limited (NYSE: OG), a lifestyle brand platform, announced it generated over RMB100 million in Gross Merchandise Value (GMV) within the first three days of its 2022 High Five Shopping Festival. This event, running from May 13 to May 20, 2022, attracted over 230,000 orders with participation from over 1,000 brands. The festival catered to Generation Z's consumption trends and included substantial discounts across various popular categories. The success highlights Onion Global's strategy to adapt to evolving consumer preferences amidst changing spending behaviors.

Onion Global Limited (NYSE: OG) recently launched its first Key Opinion Consumers (KOCs) Empowerment Program in Guangzhou as part of the 'LUCA Elite Club' events. The initiative aims to equip KOCs with essential marketing skills through both online and offline training. Participants engaged in workshops covering e-commerce opportunities and brand promotion strategies. CEO Kenny Li emphasized the program's role in enhancing KOCs' abilities, fostering brand awareness, and boosting sales. This step aligns with the company’s strategy to reshape consumer culture in Asia.

Onion Global Limited (NYSE: OG) announced the launch of "Hoomuch," a new B2B super-platform aimed at enhancing its services for business customers. This platform offers a customizable suite of solutions in product sourcing, supply, and brand management, promoting sustainable business practices. Key features include a global sourcing network, a wide range of products, various supply models, and an efficient logistics system. This move aligns with Onion Global's Supply-to-Business (STB) strategy, demonstrating its focus on expanding its B2B customer base and better serving the younger generation's evolving lifestyle.