111, Inc. Forms Special Committee to Review Takeover Proposal, Strategic Options

111, Inc. (YI) said on September 28, 2026, that its board has formed a special committee of independent directors to evaluate a previously announced non-binding takeover proposal and other potential strategic alternatives. The China-based technology-enabled healthcare platform did not disclose the terms or identity of the bidder in the announcement. The committee will review the proposal and any alternatives, though the company cautioned there is no assurance the process will result in any transaction.