Uxin Forms Strategic Partnership with Huigang Qihang and Jiangyin Chan Fa Ke Chuang
Uxin announced a strategic partnership with Huigang Qihang and Jiangyin Chan Fa Ke Chuang to establish Uxin Intelligent Remanufacturing. Pursuant to the joint venture agreement, Uxin Anhui, a wholly owned subsidiary of the company, will contribute RMB 68M, Huigang Qihang will contribute RMB 16M, and Chan Fa Ke Chuang will contribute RMB 16M, representing approximately 68%, 16%, and 16% of the joint venture's total registered capital, respectively. The joint venture will be established to support Uxin's plan to establish a new used car superstore in Jiangyin. This initiative is an important collaboration between Uxin and state-owned enterprises in Jiangyin, is aimed at promoting the development of the automotive aftermarket industry in Jiangsu Province and building a brand in China's used car industry.
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- Share Purchase Announcement: Uxin's Chairman and CEO Kun Dai revealed a plan to purchase up to $5 million of the company's American Depositary Shares through Xin Gao Group Limited, indicating strong confidence in the company's future prospects.
- Plan Details: The trading plan was established on June 30, 2026, with a purchase price cap of $2.85 per share, complying with Rule 10b5-1 under the Securities Exchange Act to ensure regulatory adherence.
- Cooling-Off Period Compliance: Purchases under this plan are set to commence on September 28, 2026, adhering to the 90-day cooling-off period requirement, demonstrating the company's commitment to compliant trading practices.
- Market Implications: This move not only boosts investor confidence in Uxin but may also drive future stock price appreciation, reflecting the company's sustained leadership and growth potential in the used car market.
- Share Purchase Announcement: Uxin's Chairman and CEO Kun Dai revealed that his controlled entity, Xin Gao Group Limited, established a share purchase plan on June 30, 2026, intending to buy up to $5 million of Uxin's American Depositary Shares, reflecting confidence in the company's future growth.
- Purchase Conditions: The plan stipulates that shares can only be purchased at a price not exceeding $2.85 per share, among other conditions, which aims to protect the interests of the company and its shareholders while ensuring transparency and compliance in trading activities.
- Cooling-Off Period Compliance: To comply with the 90-day cooling-off period mandated by Rule 10b5-1 of the Securities Exchange Act of 1934, purchases under this plan are authorized to commence on September 28, 2026, helping to mitigate legal risks associated with insider trading.
- Company Overview: Uxin, as a leading used car retailer in China, is committed to driving industry transformation through advanced production and digital empowerment, offering high-quality vehicles and superior after-sales services, thereby reinforcing its market leadership.
- Financing Completion: Uxin has completed a subscription for $15 million in Class A ordinary shares with parties designated by NIO Capital at a price of $0.00953 per share, reflecting investor confidence in Uxin's future growth.
- Investment Agreement Context: This financing is part of a previously committed $20 million investment by NIO Capital and Prestige Shine Group Limited, indicating market recognition of Uxin's potential in the used car retail sector.
- Shareholder Structure Optimization: The total number of shares issued amounts to 5,246,589,717, which strengthens Uxin's capital base and aids in maintaining its competitive edge in a challenging market.
- Future Development Plans: Uxin is actively working towards closing the remaining committed investments, which is expected to further drive its business expansion and increase market share, particularly through innovations in digitalization and new retail experiences.
- Financing Completion: Uxin has successfully completed a $15 million subscription for Class A ordinary shares with parties designated by NIO Capital at a price of $0.00953 per share, which will enhance the company's capital structure and support future growth.
- Investment Agreement Context: This financing is part of a previously committed $20 million investment by NIO Capital and Prestige Shine Group Limited, reflecting investor confidence and support for Uxin's position in the used car market.
- Shareholder Structure Optimization: The financing will result in the issuance of a total of 5,246,589,717 Class A ordinary shares, further optimizing the shareholder structure and laying the groundwork for future financing, thereby enhancing market competitiveness.
- Market Leadership: Uxin is committed to enhancing customer experience and solidifying its leadership position in China's used car market through digital empowerment and an omni-channel strategy, which is expected to drive long-term growth for the company.
- Investor Day Event: Uxin hosted its 2026 Investor Day on June 25 at its superstore in Xi'an, attracting participation from several domestic and international financial institutions, including Deutsche Bank, showcasing its leadership in the used car retail sector.
- On-site Tours and Discussions: Attending institutions toured Uxin's Xi'an superstore and vehicle reconditioning factory, engaging in discussions with management about industry trends and the company's long-term growth strategy, enhancing investors' understanding of Uxin's business model.
- Management Remarks: Founder and CEO Kun Dai expressed gratitude for the ongoing interest and support from investors, emphasizing the importance of strengthening communication with investors to showcase the company's operational capabilities and growth potential.
- Industry Transformation Leader: Uxin is committed to driving transformation in the used car industry through advanced production and digital empowerment, offering high-quality vehicles and superior after-sales services to solidify its market leadership.
- Investor Day Event: Uxin hosted its 2026 Investor Day at its superstore in Xi'an, attracting participation from leading financial institutions such as China International Capital Corporation and Deutsche Bank, showcasing its leadership in the used car retail sector.
- On-site Experience: Attending institutions toured Uxin's vehicle reconditioning factory and superstore, gaining insights into the company's business model and operational capabilities, which facilitated direct dialogue with management and strengthened investor trust.
- Long-term Growth Strategy: Founder and CEO Kun Dai emphasized that the event aimed to help investors better understand Uxin's long-term growth strategy, highlighting the importance of ongoing dialogue with investors and demonstrating the company's commitment to transparency.
- Industry Transformation Leader: Uxin is committed to driving transformation in the used car industry through advanced production and digital empowerment, offering high-quality vehicles and superior after-sales services, thereby further solidifying its market leadership.







