Uxin Announces Alter of Chief Economical Officer

BEIJING, Jan. 22, 2021 (Globe NEWSWIRE) — Uxin Confined (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading nationwide on-line applied car or truck vendor in China, right now introduced that Mr. Zhen Zeng has tendered his resignation as the Company’s Main Monetary Officer for personalized explanations. The Company’s board of directors has appointed Mr. Feng Lin, Uxin’s Vice President of finance, as the new Chief Economical Officer, successful right away. Mr. Zeng and Mr. Lin will work collectively carefully to assure a clean transition. Heading ahead, Mr. Zeng will continue on to provide as an advisor to the Firm on capital marketplaces similar matters.

Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented, “We are pleased to announce that Feng will take on his new part as Uxin’s Main Economical Officer. Considering that becoming a member of as Vice President of finance in 2019, Feng has performed an instrumental function in the day-to-day management of the Company’s finance perform. We consider that Feng’s substantial practical experience and perseverance will fortify the Company’s company tactic and all round monetary administration. We would also like to sincerely thank Zhen for his substantial endeavours and contributions throughout his tenure as CFO. Zhen has been a trusted lover and has served Uxin achieve different milestones more than the last 10 several years. We desire him the extremely most effective in his foreseeable future endeavors.”

Mr. Feng Lin joined Uxin as Vice President of finance in August 2019. He has in excess of 15 yrs of experience overseeing finance and functions at multinational companies throughout technological know-how, economic, and authentic estate industries. Prior to joining the Organization, Mr. Lin was the Vice Basic Supervisor of finance at China Fortune Land Development, where by he managed company planning and group controlling. Prior to that, he served as finance Director at Lenovo, and earlier as Economic Controller at Microsoft. Mr. Lin experienced also served at HSBC Bank, Cash One Monetary Company, and PricewaterhouseCoopers. Mr. Lin retains a double bachelor of science degree in geophysics and economics from Peking University. He acquired each an MBA diploma and an MPP degree from The College of Chicago.

About Uxin
Uxin Confined (Nasdaq: UXIN) is a main nationwide on line applied vehicle seller in China. With its choices of substantial-good quality used automobiles and very best-in-course getting companies, Uxin’s mission is to permit persons to obtain the auto of their preference online. Uxin’s 1-halt on the web buying mall delivers people with a nationwide choice of benefit-for-income made use of cars, a variety of value-included goods and companies as very well as complete aftersales expert services. Its online income consultants offer you skilled consulting to aid a easy and successful auto obtain for consumers in a timely fashion. Its in depth success community supports nationwide logistics and shipping and delivery as nicely as title transfers in between distinctive towns across China so as to satisfy these on line transactions.

Protected Harbor Assertion
This announcement contains forward-on the lookout statements. These statements are produced less than the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. These ahead-on the lookout statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and very similar statements. Amongst other issues, the organization outlook and quotations from administration in this announcement, as nicely as Uxin’s strategic and operational ideas, include forward-seeking statements. Uxin may also make written or oral ahead-seeking statements in its periodic stories to the SEC, in its once-a-year report to shareholders, in press releases and other penned elements and in oral statements built by its officers, administrators or workforce to 3rd get-togethers. Statements that are not historic specifics, which include statements about Uxin’s beliefs and anticipations, are forward-seeking statements. Forward-on the lookout statements require inherent risks and uncertainties. A amount of aspects could trigger precise final results to vary materially from individuals contained in any ahead-searching assertion, including but not minimal to the next: impact of the COVID-19 pandemic, Uxin’s purpose and approaches its enlargement programs its upcoming business enterprise improvement, economic situation and final results of operations Uxin’s expectations about demand from customers for, and industry acceptance of, its products and services its skill to present differentiated and top-quality buyer encounter, sustain and enhance client have confidence in in its platform, and assess and mitigate several dangers, including credit rating its expectations with regards to maintaining and expanding its associations with enterprise partners, together with funding companions developments and opposition in China’s employed motor vehicle e-commerce market the legal guidelines and restrictions relating to Uxin’s industry the basic financial and business conditions and assumptions underlying or connected to any of the foregoing. Even more information concerning these and other threats is bundled in Uxin’s filings with the SEC. All data presented in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any ahead-searching assertion, other than as necessary below relevant legislation.

For trader and media enquiries, remember to make contact with:
Nancy Music
Uxin Investor Relations
Tel: +86 10 5691-6765
Email:  [email protected]

Eric Yuan
Christensen
Tel: +86 10 5900 1548
Electronic mail:  [email protected]