Uxin Announces Improve of Chief Economic Officer

BEIJING, Jan. 22, 2021 (Globe NEWSWIRE) — Uxin Constrained (“Uxin” or the “Company”) (Nasdaq: UXIN), a foremost nationwide online employed car or truck dealer in China, currently introduced that Mr. Zhen Zeng has tendered his resignation as the Company’s Chief Economical Officer for private factors. The Company’s board of directors has appointed Mr. Feng Lin, Uxin’s Vice President of finance, as the new Main Money Officer, efficient instantly. Mr. Zeng and Mr. Lin will get the job done together intently to make certain a clean changeover. Likely ahead, Mr. Zeng will carry on to provide as an advisor to the Firm on money markets associated issues.

Mr. Kun Dai, Founder, Chairman and Chief Government Officer of Uxin, commented, “We are delighted to announce that Feng will acquire on his new function as Uxin’s Main Economical Officer. Given that becoming a member of as Vice President of finance in 2019, Feng has performed an instrumental role in the working day-to-working day management of the Company’s finance functionality. We consider that Feng’s extensive experience and devotion will improve the Company’s company method and total monetary administration. We would also like to sincerely thank Zhen for his substantial attempts and contributions in the course of his tenure as CFO. Zhen has been a dependable spouse and has assisted Uxin realize different milestones in excess of the past 10 decades. We want him the quite greatest in his long term endeavors.”

Mr. Feng Lin joined Uxin as Vice President of finance in August 2019. He has around 15 a long time of expertise overseeing finance and operations at multinational corporations across technologies, economic, and authentic estate industries. Prior to joining the Enterprise, Mr. Lin was the Vice Common Supervisor of finance at China Fortune Land Development, wherever he managed company scheduling and group managing. Prior to that, he served as finance Director at Lenovo, and before as Economical Controller at Microsoft. Mr. Lin had also served at HSBC Bank, Funds Just one Money Corporation, and PricewaterhouseCoopers. Mr. Lin retains a double bachelor of science degree in geophysics and economics from Peking University. He gained each an MBA diploma and an MPP degree from The University of Chicago.

About Uxin
Uxin Confined (Nasdaq: UXIN) is a top nationwide on-line made use of automobile vendor in China. With its offerings of substantial-high-quality employed vehicles and finest-in-class getting providers, Uxin’s mission is to empower folks to purchase the car or truck of their preference on the internet. Uxin’s a person-prevent on the net searching mall gives people with a nationwide assortment of price-for-income utilised vehicles, different price-extra items and providers as nicely as extensive aftersales companies. Its on the internet income consultants present skilled consulting to aid a handy and successful car or truck obtain for buyers in a well timed vogue. Its extensive fulfillment network supports nationwide logistics and supply as effectively as title transfers concerning diverse towns across China so as to satisfy these on line transactions.

Harmless Harbor Assertion
This announcement consists of forward-wanting statements. These statements are built below the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. These ahead-looking statements can be determined by terminology this sort of as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and equivalent statements. Among the other issues, the organization outlook and quotations from management in this announcement, as very well as Uxin’s strategic and operational designs, comprise ahead-seeking statements. Uxin may well also make published or oral ahead-looking statements in its periodic reviews to the SEC, in its yearly report to shareholders, in press releases and other published resources and in oral statements created by its officers, directors or workforce to third events. Statements that are not historical details, such as statements about Uxin’s beliefs and anticipations, are ahead-hunting statements. Ahead-hunting statements entail inherent threats and uncertainties. A number of elements could result in actual success to vary materially from people contained in any ahead-on the lookout statement, such as but not confined to the pursuing: impact of the COVID-19 pandemic, Uxin’s purpose and tactics its enlargement strategies its foreseeable future enterprise progress, financial affliction and benefits of operations Uxin’s expectations relating to demand from customers for, and market acceptance of, its services its means to give differentiated and top-quality client encounter, keep and improve purchaser belief in its system, and assess and mitigate numerous dangers, such as credit history its expectations relating to preserving and growing its associations with small business partners, such as financing partners trends and level of competition in China’s made use of car e-commerce sector the laws and rules relating to Uxin’s market the basic financial and enterprise disorders and assumptions fundamental or related to any of the foregoing. Additional facts relating to these and other dangers is incorporated in Uxin’s filings with the SEC. All information and facts provided in this push launch and in the attachments is as of the date of this press launch, and Uxin does not undertake any obligation to update any forward-looking assertion, except as necessary less than applicable regulation.

For investor and media enquiries, please make contact with:
Nancy Track
Uxin Investor Relations
Tel: +86 10 5691-6765
E mail:  [email protected]

Eric Yuan
Tel: +86 10 5900 1548
Email:  [email protected]