Uxin Announces Entry into Definitive Agreements for Financing

Group 1 - Uxin Limited, a leading used car retailer in China, has entered into definitive agreements with Fame Dragon Global Limited for the purchase of 5,738,268,233 Class A Ordinary Shares for a total consideration of US$27,876,506 [1] - The closing of the subscription is subject to customary closing conditions, following the Investor's acquisition of NC Fund's rights and obligations under a previously announced binding term sheet [1] - Uxin is committed to transforming the used car industry through advanced production, new retail experiences, and digital empowerment, offering high-quality vehicles and superior after-sales services [2] Group 2 - The company operates under an omni-channel strategy, leveraging its online platform and offline inspection centers to serve customers nationwide and establish market leadership [2] - Uxin has over ten years of operational experience, which has allowed it to develop strong used car management and operation capabilities [2] - The company emphasizes a customer-centric approach and aims to drive the healthy development of the used car industry [2]